> 'wait a minute, all the nets are valued this way -- oh no'.
Actually, one would have to be absolutely blind to think any of the nets ARENT valued that way.
Ironically, I find Amazon to have the most "real" business of practically any net company besides cisco, intel, and microsoft. That is, in dollars that flow through the books.
However, Amazon is just a financial smoke and mirror game designed to keep the "dream" alive until insiders can milk the stock for everything it is worth. I highly doubt Bezos honestly thinks that Amazon will ever turn a profit.
I've said it before, and I'll say it again. Any idiot can sell $1.00 for 95 cents. And they can keep doing it month over month, and they can ramp revenues through the roof! They can move into other exciting new business opportunities when people begin to realize they'll never make money with that particular ridiculous scheme- such as giving away $1.00 for 80 cents, or giving away $1.25 for a dollar, or giving away a 15 dollar gift certificate for free (but they're losing money selling in a different retail cateogry so it is GOOD NEWS)- but the fact remains that THIS IS NOT A BUSINESS.
It is a financial pyramid of the highest order. The only question is when, not if, it will all come crashing down. |
