People used to say Amazon was a business that had to drive out competition then raise prices to be profitable. But that business is actually ridesharing.
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All right all right. I read it (skimmed towards the end). Amazon is profitable but the profits would be terrible or negative were it not for the 3rd party business. That shit *prints* money and I think one of the most genius businesses ever created.
Bezos stole that business from eBay (very hard to do that with a Network effects biz) by vertically integrating. Amazon 1st party, mostly, is loss leaders and brands who have the leverage to force amazon to buy. 3rd party is the money maker and since it's a Network effects biz,
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It needs the market share in order to be valuable to the customer and subsequently profitable. Therefore I disagree with your original statement.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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