Poll

I deactivated my Twitter account will you do the same?

Already deactivated
14 (51.9%)
considering to deactivate
4 (14.8%)
can't get myself to deactivate
1 (3.7%)
I don't want to deactivate
8 (29.6%)

Total Members Voted: 27

Author Topic: I deactivated my Twitter account will you do the same?  (Read 3537 times)

Offline skyguy918

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Re: I deactivated my Twitter account will you do the same?
« Reply #80 on: January 26, 2021, 10:55:56 AM »
I'm not sure that's a fair answer for two reasons

1. I think they were pretty much always making money, but were always investing the money back into building the company rather than "taking a profit"

2. IINM they really became profitable when they became a tech company.
When someone says tech companies don't need profits, it really means investors/the market tends to value tech companies highly even if they're not currently showing profits, because of expectations of big profits down the road - to an extent not generally found in other sectors. Amazon is in fact an example of that, even if it's not the perfect example.

As far as when they made or lost money, this info is readily available:

Online AsherO

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Re: I deactivated my Twitter account will you do the same?
« Reply #81 on: January 26, 2021, 11:17:39 AM »
As far as when they made or lost money, this info is readily available:


2019, and for sure 2020/2021 probably dwarfs 2018.

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Re: I deactivated my Twitter account will you do the same?
« Reply #82 on: January 26, 2021, 11:25:15 AM »
2019, and for sure 2020/2021 probably dwarfs 2018.
Which is why the high valuation in prior years was well deserved and not due to Amazon "not needing profits"
Feelings don't care about your facts

Offline skyguy918

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Re: I deactivated my Twitter account will you do the same?
« Reply #83 on: January 26, 2021, 11:28:02 AM »
2019, and for sure 2020/2021 probably dwarfs 2018.
2019 was only a small increase: $11.558B vs $10.073B, so certainly no dwarfing there. But in 2020 they reported more than $14B through 3Q, and if Q4 was anything like Q2 and Q3 they're well over $20B. 2021 obviously remains to be seen.

Online AsherO

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Re: I deactivated my Twitter account will you do the same?
« Reply #84 on: January 26, 2021, 12:49:58 PM »
Which is why the high valuation in prior years was well deserved and not due to Amazon "not needing profits"

Ofc. My point was they donít have to report profits. Amazon was reinvesting what would have been profits in CapEx, R&D, etc, and building the empire they now have. I donít think they realized it but got really lucky with timing of AWS.

Offline whYME

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Re: I deactivated my Twitter account will you do the same?
« Reply #85 on: January 26, 2021, 02:28:43 PM »
When someone says tech companies don't need profits, it really means investors/the market tends to value tech companies highly even if they're not currently showing profits, because of expectations of big profits down the road - to an extent not generally found in other sectors. Amazon is in fact an example of that, even if it's not the perfect example.
My point still stands. While it's true that tech companies are often valued highly even when not showing profits, Amazon is a bad example of that.

1. (This is by far the least of the issues) At the time they weren't turning a profit they weren't a tech company.

2. (This is the main point) Even when they weren't "turning a profit" they were still making tons of money
Amazon was reinvesting what would have been profits in CapEx, R&D, etc, and building the empire they now have.
as opposed to tech companies who might be just burning through cash but are still valued highly with the hope that eventually they'll start making money.

3. IINM the "tech company" side of Amazon was pretty much always highly profitable.

Online AsherO

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Re: I deactivated my Twitter account will you do the same?
« Reply #86 on: January 26, 2021, 02:54:19 PM »
My point still stands. While it's true that tech companies are often valued highly even when not showing profits, Amazon is a bad example of that.

1. (This is by far the least of the issues) At the time they weren't turning a profit they weren't a tech company.

2. (This is the main point) Even when they weren't "turning a profit" they were still making tons of money  as opposed to tech companies who might be just burning through cash but are still valued highly with the hope that eventually they'll start making money.

3. IINM the "tech company" side of Amazon was pretty much always highly profitable.

All duly noted. What about when Tesla wasnít making money? Or are they also not a tech company?