How Amazon Trained Its Investors to Behave
Harvard Business Review
JANUARY 30, 2013
In fact, Amazon was only operating at such a high burn rate because it could. With Amazon, though, nobody emphasizes EPS. Once investors stopped giving it free money, the company quickly cut back on its investments and its losses. By the fourth quarter of 2001 — that is, within about 21 months — it was turning a profit.
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