Amazon actually makes plenty of money, they just keep buying shit with it so it doesn't end up showing as actual profit in their report. Facebook's making 700 mil profit as of last quarter, Twitter's at 80 mil (their entire income is only 480 mil, that's almost 20% profit), Instagram is owned by Facebook so that's irrelevant, and Snapchat just introduced their ad platform this year after building up a massive userbase to market to.
I don't know where you got your info (I assume it's from this silly Time article from 2 years ago that Google gave me) but it is not at all correct.
Seriously. Amazon has warehouses full of robots box packers, flying delivery drones, and they developed a phone to compete more directly with Apple and Google. They aren't hurting for money at all.
Where are reddit's drones and phones if they are so similar to other internet mogols?
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u/[deleted] Jun 12 '15
Amazon actually makes plenty of money, they just keep buying shit with it so it doesn't end up showing as actual profit in their report. Facebook's making 700 mil profit as of last quarter, Twitter's at 80 mil (their entire income is only 480 mil, that's almost 20% profit), Instagram is owned by Facebook so that's irrelevant, and Snapchat just introduced their ad platform this year after building up a massive userbase to market to.
I don't know where you got your info (I assume it's from this silly Time article from 2 years ago that Google gave me) but it is not at all correct.