Not making a profit on paper does not mean it’s a terrible business model. It’s how businesses reduce the taxes they pay and how they can afford the hundreds of millions of dollars of payment to the board members.
Amazon was unprofitable for like 20 years out of its total lifetime (not consecutively).
Don’t let this business terminology fool you into thinking it’s worthless. If anything we need to be puting these companies under the microscope for what they’re doing to pay less taxes than they really should be. We need to start closing the loop holes.
Not making a profit on paper does not mean it’s a terrible business model. It’s how businesses reduce the taxes they pay and how they can afford the hundreds of millions of dollars of payment to the board members.
Amazon was unprofitable for like 20 years out of its total lifetime (not consecutively).
Don’t let this business terminology fool you into thinking it’s worthless. If anything we need to be puting these companies under the microscope for what they’re doing to pay less taxes than they really should be. We need to start closing the loop holes.