this post was submitted on 03 Nov 2023
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Amazon made $1 billion through secret price raising algorithm -US FTC (www.reuters.com)
submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] beevoid@lemmy.world 1 points 1 year ago (3 children)

Do you mean Amazon the website? Surely they were making money somehow…

[–] CaptainBuckleroy@lemm.ee 6 points 1 year ago

It means for the first 20 years they spent all of their profit on expansion / R&D

[–] DragonAce@lemmy.world 4 points 1 year ago

profit =/= revenue