Jeff Bezos Explains How Amazon Can Be Unprofitable & Grow

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Jeff Bezos Explains How Amazon Can Be Unprofitable & Grow

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ASX Investor

Күн бұрын

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@kyle18172 11 ай бұрын

Jeff's the one laughing, at everyone.

@RileyBanksWho 9 ай бұрын

Even at the people who don’t care about al that such as you and me.

@davidkasparian3813 9 ай бұрын

Supervillain

@aj6365 9 ай бұрын

He was selling stuff in loss 📉 to get share in the market. While paying him as employee and mom and dad business going out of work

@mr.m2695 9 ай бұрын

True because he did something highly illegal to make money if he was losing it every year.

@ryans7972 9 ай бұрын

I love the dudes laugh. Idk if you can get as lofty as him and be a good dude, but he def is likeable

@freedomforever2377 9 ай бұрын

No profit = no tax

@danialBeard4653 9 ай бұрын

it's called building infrastructure

@user-qk7tp3wk9f 9 ай бұрын

@@danialBeard4653it's called scamming the world and ruining the lives of millions, but as long as you get your iPhone cable delivered next day fuck it who cares right?

@R-zb6lb 9 ай бұрын

The stupidest thing I've read all day. Congrats! Not everything is about taxes. I swear some people would rather not make money because of the taxes 😂

@julianr8086 9 ай бұрын

⁠@@NYsummertimeCHI whattt??? I hope you’re joking

@benchoflemons398 9 ай бұрын

No, that is not true. Amazon has operations in some states that have receipt taxes not corporate Texas or states that have corporate tax and receipt taxes. Aside from that there is now this BS system where companies that make no profits have to pay federal taxes. Thanks joe

@joshbrown6282 9 ай бұрын

24 yrs later the guy looks younger than he did back in1999

@codycurnutte9778 8 ай бұрын

Chopping off your hair when you are balding does wonders.

@phunkyjunkee 8 ай бұрын

He was replaced. AI

@Karlhungus6969 8 ай бұрын

Way less stress for him today And has the best of everything that money had to offer. Seems to add up lll

@ChickenJoe12 8 ай бұрын

Same with Musk haha

@hassanmazza1831 8 ай бұрын

Money

@MrGooddoctor 9 ай бұрын

Jeff laughing because he knew…

@paulpaul4681 8 ай бұрын

Wow youre so provacative

@bloamy8498 8 ай бұрын

@@paulpaul4681 no Paul. it is you who is provocative

@GiJoe94 8 ай бұрын

@@bloamy8498or tries to

@brandongriffin3218 8 ай бұрын

He’s a time traveler… he already knew Amazon would be the biggest company ever

@DoomGuy148. 8 ай бұрын

No he didn't knew, he just took the risk and it payed off.

@rodbojorge9335 Жыл бұрын

He had a game plan from the start

@bjornyesterday2562 10 ай бұрын

Yes. Sell super cheap, until all competitors fold up shop. Then monopolize

@draqon8094 9 ай бұрын

@@bjornyesterday2562lolol same thing John Rockefeller did with oil, and Andrew carnagie did with steel. Seems like a pretty solid strategy to become a billionaire

@pippiman 9 ай бұрын

⁠⁠@@draqon8094*solid strategy to go from a millionaire to become a billionaire

@krillinroshi9312 8 ай бұрын

@@draqon8094 Not even close. He had no idea. Just that the numbers add up. You people are delusional!

@symix. 8 ай бұрын

@@bjornyesterday2562what? They still sell at loss. Amazon doeesnt profit from selling stuff, they sell stuff to stay viral, they make money from selling services to businesses (AWS)

@clutch3shot 9 ай бұрын

If you never turn a profit then you never pay taxes.

@mleobviously 9 ай бұрын

Property taxes, employer taxes, sales and excise taxes, tariffs. You could never make a dime in profit and still pay a lot of taxes. Federal and state governments care about tax revenue not necessarily the source of it. If Amazon hires 1,000 people, that’s 1000 people with taxable income, and tax revenues increase. Some states don’t even have a corporate income tax at all.

@StaticXtreme444 8 ай бұрын

That's not how that works

@clutch3shot 8 ай бұрын

@mleobviously well that's what the losses are for. To write off against all the other shit.

@munkyfatt 8 ай бұрын

If only it were that simple

@theholydarkpope6972 8 ай бұрын

@@StaticXtreme444 lol yes it is.. incorporated bud figure it out

@thecakeisalie6601 8 ай бұрын

Jeffs actually laughing at the tax man

@PEACEOUTPAT 9 ай бұрын

He went from a simple Snake Oil Salesman vibe to a straight Lex Luthor vibe

@christopher302 8 ай бұрын

Haha 😂 you’re right …specifically when Kevin Spacey played Lex Luthor in that one really bad Superman movie

@TheAnnoyingBoss 8 ай бұрын

"Theres a series of doonsbury cartoons about this ☝️🤓"

@doodooswaggy3825 8 ай бұрын

@@christopher302 Superman Returns is great, you philistine

@MoreTubContentOnMyChannel 8 ай бұрын

He started out selling books. He saw that they were the highest return business model to start with nothing. Books. You can find an interview even before this where he describes why he chose books. Dude is genius.

@zenandtheartofskateboarding 8 ай бұрын

we all gotta start somewhere

@JF32304 Жыл бұрын

This Jeff and the older Jeff look completely different.

@brrjohnson8131 Жыл бұрын

Aging 24 years will do that.

@user-jk4bx5vj7k 11 ай бұрын

It’s called time

@Adevine369 10 ай бұрын

He looks sexier now !!! He got a stylist and a chef

@ernestpwhirllly 10 ай бұрын

He's on test therapy as well aka steroids

@rahusphere 10 ай бұрын

Power of steroids.

@YT_Watchers 9 ай бұрын

Bezos needs a movie starring Kevin Spacey

@michaelguy00777 9 ай бұрын

I’d go watch that!😮

@n.d.4192 8 ай бұрын

But Bezos likes women, presumably, Spacey not so much and young.

@rambofan1 8 ай бұрын

@@n.d.4192😂😂

@MH-eu9iw 8 ай бұрын

What about a Kevin spacey movie starring Jeff bezos

@awehellnah 8 ай бұрын

@@n.d.4192those were false accusations look it up

@HayK47 8 ай бұрын

This was the undercutting phase when they ran smaller companies out of business. Then later, they raised their prices.

@J1Jordy 8 ай бұрын

He didn't get laughed at. This was a legitimate question with a legitimate answer

@Alacritous Жыл бұрын

Yeah, lose money, undercut all of your competition and then when they're gone, raise your prices.

@Thurrak 11 ай бұрын

Or, create a massive infrastructure that can support getting any product you want to your door in a day.

@7threign780 9 ай бұрын

@@Thurrakwith slaves that pee in bottles

@R1chardH 9 ай бұрын

Which competition? Ebay Microsoft Google Netflix Spotify or Alibaba?

@TheBajamin 9 ай бұрын

@@7threign780lol “slaves”. Literally just don’t work there if you don’t like it.

@7threign780 9 ай бұрын

@@TheBajamin words of someone who hasnt worked there before. Remember if you use the bathroom and dont return to work in under 60 seconds you will be fired. Or pee in a bottle. But hey just dont work there right 🤡

@ARIYA2150 11 ай бұрын

Ppl laughed at him then, he's laughing at us now 👏

@abboudashkar3804 8 ай бұрын

Good for him

@coolbutnotverycool1440 8 ай бұрын

@@abboudashkar3804good for him, not for the rest of the world

@thecensoredmuscle563 8 ай бұрын

he's bought, owned, and controlled now. Nothing to laugh about.

@rasheedmiller8938 8 ай бұрын

“The company has always been avoiding taxes”😂😂 “that’s right” 😅😅😅😅

@eliminoh_p7877 8 ай бұрын

His maniacal laughter is because he knows he about to shut down every major retailer besides walmart.

@magnusalexander2965 8 ай бұрын

This guy looks like Kevin Spacey playing Forrest Gump

@ModernGentzz 9 ай бұрын

This is exactly how nonprofit organizations make people rich without legally being in profit

@zackk109 8 ай бұрын

what your saying is true but it was straight expenses early on growing amazon, they weren’t public yet either

@unintendedpurposes 8 ай бұрын

Its not that the company has "lost" 12million. Its that it took out 12 million in debt and put it into growing the company. Eventually the company became so large and had such a well established customer base that it is able to pay off all its debts. This is actually how most companies start, just on a much smaller scale.

@natoslayer2907 8 ай бұрын

Probably a government shell company.

@manbok2035 8 ай бұрын

Fine line between "unprofitable" and "reinvestment for growth".

@TimJSwan 8 ай бұрын

what?

@woodsie315 8 ай бұрын

It's not confusing for someone who understands how to read a financial statement. The underlying business is profitable and has been for quite some time even where their bottom line was perpetually in the red. At the rate they were growing, it's not hard to keep reporting losses year after year when every cent you make just gets dumped back into growing the company. Jeff was absolutely notorious for doubling down on growth with every single cent the company made. His vision in 1999 has proved to be entirely correct as of 2023 and now Amazon is wildly profitably now and they do in fact pay billions of dollars in taxes every year now that their business has matured.

@andrewtarbie2345 8 ай бұрын

It's crazy that individual people on minimum wage are paying more tax than some giga companies owned by billionaires, and it's apparently just fine

@justanotherguy4339 8 ай бұрын

Who makes the rules?

@MrJohnSmalley 7 ай бұрын

(Results from Google) Do unprofitable businesses pay taxes? You might not be subject to Income Taxes (which are based on profitability) but you will still be subject to a wide variety of other taxes which aren't always connected to Revenue. And money losing startup still need to file annual tax returns, such as the federal Form 1120.

@zippoamerika8794 9 ай бұрын

Government subsidies, no taxes

@imtryinghere1 9 ай бұрын

They pay taxes. It's a documented fact

@user-qk7tp3wk9f 9 ай бұрын

@@imtryinghere1they don't. It's a documented fact. Dufus

@imtryinghere1 9 ай бұрын

@@user-qk7tp3wk9f ok. Then according to you amazon has filed fraudulent filings with th SEC and committed fraud against their shareholders in public records

@susheelhegde5323 8 ай бұрын

Dude's been playing monopoly IRL since the 90s

@LimPu 8 ай бұрын

People back then and people now not grasping that no profit means no taxes, does give me hope.

@dcbozada 9 ай бұрын

May be a stupid question, but he just took the profits and re invested it?

@joeypuvel1228 8 ай бұрын

Exactly. They aren’t actually unprofitable they probably just capitalize expansion projects to the balance sheet “capital expenditures”. This then hits their income statement slowly over time as depreciation expense which lowers their operating profit. It lowers it substantially because they are always throwing cash at “CapEx”. They do this strategically I’m sure to maintain a given level of depreciation expense.

@zackk109 8 ай бұрын

Tesla wasn’t profitable til 8 years after going public, i don’t think amazon was public yet either

@SooDamGood 9 ай бұрын

So back then, they were making a profit but all of it was re-invested meaning all profit was not declared as profit

@Blazedreptile 9 ай бұрын

Zero tax

@AlexNiles64 9 ай бұрын

It was never profit, it was revenue. It’s only profit if it is profit (left over revenue after all expenses). Our tax system is designed to encourage businesses to reinvest in themselves for growth in the overall economy and as a result of this incentive, they do not pay taxes because they never made profit. The long term effect of this on a countries economy is extremely beneficial because of the jobs and income tax generated from employees.

@jb.8992 9 ай бұрын

@@Blazedreptile Exactly!

@imtryinghere1 9 ай бұрын

Wrong. They hired so many people to grow that they were not profitable then.

@The_Monkey_Kingdom 9 ай бұрын

How can it be profit when they are investing

@triberium_ 8 ай бұрын

He knew that the risk would pay off in the future, truly great risk assessment on his part

@dsgio7254 8 ай бұрын

You must be kidding me.. If big corps fail are saved by the gov... Amazon is a public investment - look above ....

@chookchack 8 ай бұрын

Reinvest > business expense > no tax dues. 💵

@AmazingAirshowVideos 8 ай бұрын

The revenue was exploding. Rather than sitting on the cash, he knew the Internet was exploding as well, and plowed every cent he could get into expanding the company to a market leader. It worked. Now it is profitable. Millions of happy customers. Millions of happy investors. 1.5 Million employees. He is a massive success story.

@mrrooster4876 8 ай бұрын

All he did was steal Sam Walton's distribution plan and apply it as direct to home. That's literally what they did.

@charlesgallagher1376 8 ай бұрын

Sears was doing it 100 years ago.

@mrrooster4876 8 ай бұрын

Sears never had the same distribution plan. Sam Walton developed it specifically for Wal-mart and it's why they're everywhere. @@charlesgallagher1376

@NK-mr3rh 8 ай бұрын

@@mrrooster4876oh that’s all he did huh?

@mrrooster4876 8 ай бұрын

Yeah, go study both businesses. @@NK-mr3rh

@1m1337noSh1t 8 ай бұрын

It was already worth billions in 99

@hammadsheikh1998 9 ай бұрын

Business owners a lot of the time don’t see a return for years but that’s usually the time it takes to eventually turn it profitable

@butskiiueepp1625 8 ай бұрын

Definitely. Bezos was still paying himself a six figure salary during that time period. Amazon, as a company, its own entity, was losing money not bezos himself.

@vxenon67 8 ай бұрын

I forgot who said it paraphrasing: We sell this for a penny. Why sell it cheap. Yes but we sold millions.

@Flapsupnolights 8 ай бұрын

That’s why they don’t pay tax. It’s a tax fiddle

@cheeseballs3825 9 ай бұрын

How does he look twenty years younger 24 years later? 😂

@rigz8225 8 ай бұрын

Profits

@LeadMagnet480 8 ай бұрын

Money

@downthesight 8 ай бұрын

@@LeadMagnet480 magic Johnson

@Patrick-zr8tv 8 ай бұрын

This is standard practice. Profit is basically wasted growth because you haven't put that money back into the business to make more money. Larger businesses take this to the extreme by reinvesting any revenue AND securing loans on assets bought with that revenue hence why the technical minus in profit. They're spending more money than they have. It's typical to have 80% leverage on your assets in a business and amazon could be taking that even closer to 100%. Maybe even beyond but I don't know enough about all that to say.

@coryg121 9 ай бұрын

If you’re losing money on paper, but your revenues are going up each year, that’s not a concern. It’s only when revenues are flat or going down and your losses are going up that is a concern

@wanmanrmy 9 ай бұрын

If you bought $10,000 of Amazon shares in 1999 you would have $376,759 now (not including share dividends). It would have been profitable AF for those who saw the vision and had the money to invest at that point.

@MrEvertonian20 9 ай бұрын

Bad math

@jamiedavis3800 9 ай бұрын

Yeah the shares have been split since at least once at a 10 to 1 I belive. The price was about £3.80 a share 31/12/1999. You would have e had just over 2500 shares then after the split younwould have 22500 share as every share was split into 10. I make it over 3.5 million dollore

@DB-cm1fx 8 ай бұрын

In 2000 I thought “maybe I should buy some AMZN”. But then I saw some talking head on CNBC talking about how much $ they lost and that they’d never made a profit, so I decided against it.

@BWilliam 8 ай бұрын

Happens everytime

@diogosilva5972 8 ай бұрын

key word here is CNBC, steering regular folks from profit since times imemorial :))

@cjay6547 8 ай бұрын

Definition of "the long game" 😎🔥💯🤣

@lukaszlipert1189 7 ай бұрын

Jeff Bezos is an incredibly smart person. Different level of thanking.

@eduro1660 9 ай бұрын

That’s why a brain is talking to a big mouth

@bjornyesterday2562 10 ай бұрын

"Reinvesting" - undercutting our competitors till they go out of business

@woodsie315 8 ай бұрын

Amazon was by no means in any position of retail dominance in 1999. They were just another minnow in the pond at that point. Jeff Bezos understood more than anyone else at that time that scale mattered and he was lampooned for it. In the end, he was right.

@sarahkraft3765 8 ай бұрын

It was always about market share. Mission accomplished.

@bringerod5141 8 ай бұрын

Imagine thinking that reinvesting into the company is bad business practice

@pattiguy7617 10 ай бұрын

I forgot that he had hair😊😂

@bartoszulkowskitattoo 8 ай бұрын

I am greatful to be reminder that i have to focus on my no income no tax game.

@vonteflon 8 ай бұрын

No *profit*, no tax.

@LifeLongLearner-om8jx 8 ай бұрын

Reinvesting profits to grow a company until the point where it becomes dominant in its industry. That doesn’t sound like being unprofitable. Sounds like good business practice and vision for the future.

@csmac3144a 8 ай бұрын

Say what you want, but he deserves his wealth. He took all the risks and did all the work to build Amazon. In the early days he drove the packages to the post office by himself.

@PreKno-dk4jb 10 ай бұрын

Bezos got rich off shipping & handling every client TO DEATH

@spitalhelles3380 8 ай бұрын

Never seen a more chill guy explaining his tax evasion scheme on national television

@thelibertyprojects.4747 8 ай бұрын

He pays 100% of the taxes he owes. I think you’re mistaking him for hunter biden.

@natescode 8 ай бұрын

Tax evasion is illegal. He's just smart. Don't be jealous

@woodsie315 8 ай бұрын

It's only tax evasion to people who have no idea what the company was doing. If you can read a financial statement, of which theirs have been public for decades, it's not hard to understand.

@il2673 8 ай бұрын

I didn’t understand that either but some businesses require debt, investing and little or no profit at first. He knew his plan was sound, so he took a risk or just worked knowing it would pay off big

@Booper1978 7 ай бұрын

People got to remember at this time a lot of people were mad because book stores were closing cuz that's all he was selling online. That's why you know he was waiting out because he knew that more people would buy books online at a cheaper price and it comes straight to the home to caused a lot of bookstores closing down people not going to the library anymore.

@johnnytr0uble 8 ай бұрын

We should have known back then he was getting ready to scam us all.

@saul_bloom 10 ай бұрын

Fuc*ing legend.

@willingor2161 8 ай бұрын

Idk

@keemoify 8 ай бұрын

His bank balance agree.

@thecensoredmuscle563 8 ай бұрын

The guy is a creepy nerdy elitist, nothing legendary about that guy.

@derekyoung4637 8 ай бұрын

I know bezos love when this shows up on his timeline.

@th5841 8 ай бұрын

Investing in getting a monopoly. What a hero!

@UVBluesman 11 ай бұрын

It's called no taxes folks. Trump explained it to you on a debate stage with Hillary. It happens because the folks, as in all the folks, in DC allow it to happen. ;)

@brandonraj7020 11 ай бұрын

The IRS gives tax incentives to the private sector because THEY CREATE JOBS AND COVER HEALTHCARE COSTS. He took $12,000,000 after everyone was paid and invested back into the company creating a loss, why would that be taxed?

@UVBluesman 11 ай бұрын

@@brandonraj7020 I get it. That was really my point. That's the way the tax code is written.

@UVBluesman 11 ай бұрын

@@brandonraj7020 my original post sux. lol

@brandonraj7020 11 ай бұрын

@@UVBluesman I thought you meant the opposite... Thank god. It's just the least of our problems as a country. You make $100,000,000 in New York City in a year and put in your bank .50 cents on the dollar is gone. You shouldn't be considered a thief buying $50,000,000 in properties and gold bars to offset (not exact shit) that tax bill instead of giving it to the government. The government needs to start doing more with less.

@brandonraj7020 11 ай бұрын

@@UVBluesman lol! You want me to remove mine? I will... lol

@Rainy_Day12234 9 ай бұрын

He figured out if you reinvested all positive cash flow back into the business you didn’t have to pay taxes because you showed no profit, and your longterm growth rates would be higher as a consequence. Richest man in the world, or least one of the richest.

@aebalc 9 ай бұрын

He is as rich as you can get without becoming a dictator.

@weatheredseeker 9 ай бұрын

Lol he didn't figure anything out. If you think the whole point was avoiding taxes I feel bad for u

@NotAnotherDouc- 8 ай бұрын

Nobody tell Jay Leno about startups. Startups are built on explosive growth at the expense of profitability - for a period of time. They’re in it for the endgame, they expect to lose money for a while.

@Valstein0 8 ай бұрын

Imagine you're building a house and it keeps getting bigger, so it's continuously worth more, but you also go into debt while building it, but every year you can rent it out for more money than it took to renovate it the previous year. You could do this infinitely, never turn a profit, and end up owning the planet.

@YoPhocFays 8 ай бұрын

Its called AVOIDING taxes

@woodsie315 8 ай бұрын

That's what everyone who has no idea what is actually happening says. They've supposedly "avoided taxes" for decades yet never paid a dime out to the very people who own the company in the form of a dividend. If you know even slightest bit about business, accounting, and taxes, then the only logical conclusion is that it is exactly what Jeff Bezos is saying it is which is reinvesting in growth.

@walterlangkowski4723 8 ай бұрын

It’s called tax evasion. If you make money you have to pay taxes on that money so you have to come up with new and creative ways to “lose billions”

@woodsie315 8 ай бұрын

That's an unfortunately common low information take. AMZN has never paid a dime of profits in the form of a dividend to the owners of the company. If it's not what Jeff says it is as in "reinvesting profits for more and more growth", then where are these phantom profits that you believe have evaded taxes? They certainly haven't been paid out to the very people who own the company. If it's just a tax dodge, then what good is a tax dodge if you never actually get to collect the proceeds?

@sfdntk 8 ай бұрын

@@woodsie315 Honestky, trying to explain how taxes work to dummies who think write-offs are a magic way to make money out of thin air is a waste of time, these people are completely financially illiterate. It's kind of funny really, corporate tax laws are completely broken and the wealthy can and do exploit a ton of loopholes to avoid paying their fair share of tax, but these morons don't understand any of that so they have to keep inventing imaginary loopholes to justify their anger.

@Sleeperservice101 8 ай бұрын

Oh dear lord, you have to pay tax on the profits before you can re invest it. You can claim against the tax portion of the reinvestment.

@magpieeuc4846 8 ай бұрын

@@Sleeperservice101 NAH mate your wrong I work in construction and have my own company, I invoice the company I work for, I don't get wages. I pay myself 10k per year, 1st 10k is tax free in UK all other money is kept in Company account I can pay myself dividends from that profit and pay 20% tax on that if I want. I bought a 50k Tesla last year for my "company" I did not have to pay tax on that 50k because I did not withdraw that money I reinvested it in my company.

@Sleeperservice101 8 ай бұрын

@@magpieeuc4846 I hope you have a good accountant, because you are in for a world of hurt if you say things like" I can pay tax on that if I want" and don't understand the difference between your personal taxation, the tax liability of your business/ employer or BIK. Enjoy. Let me be clear, at some point you, according to your own statement, took gross profit and "reinvested" it into a fixed asset without paying, at the very least, income tax for a sole trader, on your business profits. Wow, just looked up taxable dividends UK, as I'm not currently in your jurisdiction. Interesting. Very interesting. Oops, it gets worse. How are you on a 10% tax rate?

@kashsasson4751 7 ай бұрын

2 day shipping nationwide… that’s one of the craziest things to ever happen

@trewjohn2001 8 ай бұрын

Just because the business records a loss - doesn’t mean someone isn’t making money.

@fira0lg 9 ай бұрын

Did Nikolas Cage evolved to Jeff Bezos 😌😃😜

@travisethridge4062 8 ай бұрын

Almost sounds like the Governments plan...

@michaelc2923 8 ай бұрын

What reinvesting profits in company infrastructure and brand building. Pretty common business practice.

@frequensea9434 8 ай бұрын

No profit=no tax, however no profit means take loan from special interest and give them what they want later.

@MKemp-dr4xe 8 ай бұрын

Operating at a loss allows you to cut all the competition out the market, giving you full monopoly and price control

@huntwright8731 8 ай бұрын

It’s called legal tax evasion.

@nuggetz4037 8 ай бұрын

There is nothing wrong in manipulating the system to avoid paying high taxes. Everyone does this, there is nothing wrong with that. Have you declared all cash you received as income? Of course not.

@huntwright8731 8 ай бұрын

@@nuggetz4037 thank you for explaining legal tax evasion to the audience.

@nuggetz4037 8 ай бұрын

@@huntwright8731 you're welcome.

@jaderhuff81 8 ай бұрын

Your paychecks coming tomorrow

@huntwright8731 8 ай бұрын

@@jaderhuff81 half of it

@SHAKE-S-PIERRE 8 ай бұрын

He earned his money I ain’t mad at it, he can do whatever he wants with it

@rainzer0 4 ай бұрын

Companies that do this and survive are currently the biggest.

@Fhhsfft 8 ай бұрын

Literally everything you’ve ever been aware of has been designed. No one just CREATES these things, they’re in the blueprints..

@pattheegreat 8 ай бұрын

I like how the far left gets it wrong every single time

@dealtdeal1353 8 ай бұрын

Our family company does the same. Pay more to the owners and employees with bonuses. Contribute more money to our properties, buy equipment, etc. pay no taxes on money that’s reinvested or spent.

@NielsSHansen 8 ай бұрын

Companies should be evaluated before investments, as it’s the profit potential that is relevant.

@EpicBibleTime 8 ай бұрын

Why was he even on Jay Leno at this stage in his career?

@backtoschool9760 8 ай бұрын

a company's goal is not to be profitable, its to grow revenue

@andrewvalenzuela4383 8 ай бұрын

Its genious, at a 2nd grade level we all did it, we claimed x, we showed why is because we oversold, we where givien loans out and pushed high volume of products at a cheaper rate to cover them. Using all money to reinvest, setting more loans as quickly as possible. He mastered the art of floating a check.

@Rokazz2 8 ай бұрын

Gets laughed at is a strong expression here hahaha

@jaredb6934 8 ай бұрын

It's the corrupt tax code. It's how billionaires keep their money and avoid taxes.

@otismichael2583 8 ай бұрын

Not making a profit doesn't mean it isn't profitable

@RyanHanifan 8 ай бұрын

Now he’s buying up farm land to control what we invest!!!

@deanmalkewich2366 9 ай бұрын

Never pictured an evil laugh sounding like that

@GoogleMeAgain 8 ай бұрын

This was where they bring him onboard and make him successful.

@buzzpockets2984 8 ай бұрын

He’s the 90s mr beast. Spend it all to help the brand

@sox-b9999 7 ай бұрын

Well, it's easy to do this when you're already rich.

@paulmvn5431 8 ай бұрын

That was stage one; kill the competition with unprofitable prices Stage two is bait and switch; raise prices beyond what competition ever charged. Amazon, Uber, Netflix, and all other new huge companies have done this.

@TrashPanda5150 8 ай бұрын

$1000 in Amazon stock at the time of its IPO in 1997 would be worth about $1.5 million today.

@coderider3022 5 ай бұрын

AWS is the real jewel, rest of the business is just a shop with good delivery system.

@mikelee581 8 ай бұрын

Yep, typical supervillain prologue, typical supervillain results. 😂

@nebula1919191 8 ай бұрын

Rockefeller used to sell at a loss to get rid of his competition. Jeff also had friends in the hedge fund business with opm.

@pete7523 8 ай бұрын

They weren't laughing at him, they were laughing at the way he said "that's right" contently without initially following it up with further explanation. He later clarifies obviously.

@luqmankhanN 8 ай бұрын

He was doing what has been done many time but in a larger scale.

@chrisryan3918 8 ай бұрын

Losing money is not tax evasion. If he is spending money, then somebody is making money and they are reporting that as income they pay taxes on. You also have to pay property tax and as he invests, he starts having to pay more based on assets. Not a fan of rich people, but it isn’t as simple as “tax evasion”