* Amazon.com, Inc.
* Amazon.com, Inc.
Jeff Eats loves to “shop” at Amazon.com…For you guys who don’t know what Amazon.com is, take a look at its corporate profile ala Yahoo! Finance:
“Amazon.com, Inc. operates as an online retailer in North America and internationally. The company operates in two segments, North America and International. It operates retail Websites, such as amazon.com and amazon.ca, which include merchandise and content purchased for resale from vendors and those offered by third-party sellers. The company serves consumers through its retail Websites and focuses on selection, price, and convenience. It also offers programs that enable sellers to sell their products on companys Websites, and their own branded Websites. In addition, the company serves developers and enterprises through Amazon Web Services, which provides access to technology infrastructure that enables virtually various businesses. Further, it offers Kindle Direct Publishing, an online platform that lets independent authors and publishers to make their books available in the Kindle Store; and programs that allow authors, musicians, filmmakers, app developers, and others to publish and sell content. Additionally, the company manufactures and sells the Kindle e-reader devices. It also provides co-branded credit card agreements, and fulfillment and advertising services. Amazon.com, Inc. was founded in 1994 and is headquartered in Seattle, Washington.”
Now…if I have read Amazon.com’s financials correctly, this company which does billions of dollars in yearly sales has never-ever reported a profitable quarter. In a nutshell, it grosses tons of money and loses a fortune, yet as I type—its stock is trading at $360 a share which capitalizes the company at something close to $160,000,000,000.
Any all explanations will be appreciated.