Jeff Bezos explains to Amazon investors why no profits are good
Surprise! Jeff Bezos explains to Amazon investors why no profits are a good thing | The Verge: "Amazon lost money in fiscal 2012: a net loss of $39 million, or 9 cents per share. A loss is never good news for investors, even investors as sanguine as Amazon's. Without naming the source or author, Bezos quotes Matthew Yglesias' admiring characterization of Amazon as a "charitable organization being run by elements of the investment community for the benefit of consumers.""