Amazon is 25 years old.
I saw a comment on Medium the other day that summed up my feelings on Amazon:
Third, his “business” isn’t even a business. Amazon, for 99% of its history, lost more money than it earned. The reason it even still exists today is because it was propped up by truly gigantic loans in the form of stock shares and VC capital. Propping up a non-profitable company until it grows big enough to crush any and all competition is literally the Communist Chinese model of “capitalism.”
Fourth, all of Bezos’s “wealth” is built on the backs of overworked, underpaid, and horrifically mistreated employees who aren’t even allowed enough time to use the bathroom, a sizeable percentage of which are elderly folks who, in a more just society, would be enjoying their retirement.
https://medium.com/@lifeinromania/jeff-bezos-is-a-fraud-458f...
Another note from another site The Street:
Using this estimate, the overall business, without AWS and Prime, lost about $2 billion last quarter. Although advertising is included here, too, this loss is almost all from the retail side of the business.
https://www.thestreet.com/opinion/amazon-is-losing-money-fro... operations-14571703
I don't doubt that Bezos is wicked smahhht but it doesn't take a genius to figure out that if you borrow so much money that you can run a business at a loss for decades and undercut everyone that you'll be successful. Except he clearly isn't even able to do that.