In 1999 on the Jay Leno show, Jeff Bezos explained how Amazon could make billions yet at the time, not earn any profit.

Video: Jay Leno Show
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entrepreneurshipquote

2024-03-28 01:41:44

here's the thing i don't understand
the company is worth
billions yes and every time i pick up the paper
each year loses
more money than last year but
the companies never made a profit that's right
that's why how does it why how does that what seems like a new math doesn't it it doesn't mean it's to someone who doesn't know anything about said it's amazing you know we lost twelve million last year when the great
ah
their whole series of doonesbury cartoons about this
this is this is not a new phenomena we are famously unprofitable company
and we are investing in the future it's not which isn't unusual companies done this before what's a little surprising about amazon com is the scale which we're doing it we're doing in a big way so you just keep reinvest