Amazon.com keeps adding to the black hole.

October 3, 2000 4:37 PM

Amazon.com keeps adding to the black hole. Looks like Amazon.com has taken a page from the Government's "running the country" book - they keep throwing money at a black hole instead of restructuring what they already have.
posted by bkdelong (2 comments total)

and weirdly no nikon stuff for sale. looks like not everyone is enamoured with amazon...
posted by mr_stru at 5:52 AM on October 4, 2000

Amazon could be profitable in a minute. It's a choice they make not to be. They have good revenues, but are sticking with their questionable plan to be the first one to get into each area in a big way. And they pay too much to recruit customers on a per customer basis in order to see that plan through.

I happen to think that those choices might not be the best ones. But it's not my company, and I don't have the same data they have. So I don't know for sure.

But make no mistake - if they chose to be (or their investors forced them to be through stock market discipline) they could be profitable in an instant.
posted by mikel at 7:58 AM on October 4, 2000