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Friday, October 25, 2013

Is Amazon a Charity?

Amazon is an amazing company, and I have been a customer for a long time. When they were first starting, they sent out travel mugs to some customers, and I still have one. But, their profit margins don't make sense. It's hard to keep on losing money as a business. The raising of their free shipping minimum from $25 to $35 is a big change. Shipping, unfortunately costs.

This is a great quote:

“Amazon, as best I can tell, is a charitable organization being run by elements of the investment community for the benefit of consumers,” Slate’s Matthew Yglesias joked earlier this year.

The Amazon Mystery: What America's Strangest Tech Company Is Really Up To - The Atlantic

Same Old Amazon: All Sales, No Profit - Business Week

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