Even at the people who don’t care about al that such as you and me.
@davidkasparian38139 ай бұрын
Supervillain
@aj63659 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.m26959 ай бұрын
True because he did something highly illegal to make money if he was losing it every year.
@ryans79729 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
@freedomforever23779 ай бұрын
No profit = no tax
@danialBeard46539 ай бұрын
it's called building infrastructure
@user-qk7tp3wk9f9 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-zb6lb9 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 😂
@julianr80869 ай бұрын
@@NYsummertimeCHI whattt??? I hope you’re joking
@benchoflemons3989 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
@joshbrown62829 ай бұрын
24 yrs later the guy looks younger than he did back in1999
@codycurnutte97788 ай бұрын
Chopping off your hair when you are balding does wonders.
@phunkyjunkee8 ай бұрын
He was replaced. AI
@Karlhungus69698 ай бұрын
Way less stress for him today And has the best of everything that money had to offer. Seems to add up lll
@ChickenJoe128 ай бұрын
Same with Musk haha
@hassanmazza18318 ай бұрын
Money
@MrGooddoctor9 ай бұрын
Jeff laughing because he knew…
@paulpaul46818 ай бұрын
Wow youre so provacative
@bloamy84988 ай бұрын
@@paulpaul4681 no Paul. it is you who is provocative
@GiJoe948 ай бұрын
@@bloamy8498or tries to
@brandongriffin32188 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
@bjornyesterday256210 ай бұрын
Yes. Sell super cheap, until all competitors fold up shop. Then monopolize
@draqon80949 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
@pippiman9 ай бұрын
@@draqon8094*solid strategy to go from a millionaire to become a billionaire
@krillinroshi93128 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)
@clutch3shot9 ай бұрын
If you never turn a profit then you never pay taxes.
@mleobviously9 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.
@StaticXtreme4448 ай бұрын
That's not how that works
@clutch3shot8 ай бұрын
@mleobviously well that's what the losses are for. To write off against all the other shit.
@munkyfatt8 ай бұрын
If only it were that simple
@theholydarkpope69728 ай бұрын
@@StaticXtreme444 lol yes it is.. incorporated bud figure it out
@thecakeisalie66018 ай бұрын
Jeffs actually laughing at the tax man
@PEACEOUTPAT9 ай бұрын
He went from a simple Snake Oil Salesman vibe to a straight Lex Luthor vibe
@christopher3028 ай бұрын
Haha 😂 you’re right …specifically when Kevin Spacey played Lex Luthor in that one really bad Superman movie
@TheAnnoyingBoss8 ай бұрын
"Theres a series of doonsbury cartoons about this ☝️🤓"
@doodooswaggy38258 ай бұрын
@@christopher302 Superman Returns is great, you philistine
@MoreTubContentOnMyChannel8 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.
@zenandtheartofskateboarding8 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-jk4bx5vj7k11 ай бұрын
It’s called time
@Adevine36910 ай бұрын
He looks sexier now !!! He got a stylist and a chef
@ernestpwhirllly10 ай бұрын
He's on test therapy as well aka steroids
@rahusphere10 ай бұрын
Power of steroids.
@YT_Watchers9 ай бұрын
Bezos needs a movie starring Kevin Spacey
@michaelguy007779 ай бұрын
I’d go watch that!😮
@n.d.41928 ай бұрын
But Bezos likes women, presumably, Spacey not so much and young.
@rambofan18 ай бұрын
@@n.d.4192😂😂
@MH-eu9iw8 ай бұрын
What about a Kevin spacey movie starring Jeff bezos
@awehellnah8 ай бұрын
@@n.d.4192those were false accusations look it up
@HayK478 ай бұрын
This was the undercutting phase when they ran smaller companies out of business. Then later, they raised their prices.
@J1Jordy8 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.
@Thurrak11 ай бұрын
Or, create a massive infrastructure that can support getting any product you want to your door in a day.
@7threign7809 ай бұрын
@@Thurrakwith slaves that pee in bottles
@R1chardH9 ай бұрын
Which competition? Ebay Microsoft Google Netflix Spotify or Alibaba?
@TheBajamin9 ай бұрын
@@7threign780lol “slaves”. Literally just don’t work there if you don’t like it.
@7threign7809 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 🤡
@ARIYA215011 ай бұрын
Ppl laughed at him then, he's laughing at us now 👏
@abboudashkar38048 ай бұрын
Good for him
@coolbutnotverycool14408 ай бұрын
@@abboudashkar3804good for him, not for the rest of the world
@thecensoredmuscle5638 ай бұрын
he's bought, owned, and controlled now. Nothing to laugh about.
@rasheedmiller89388 ай бұрын
“The company has always been avoiding taxes”😂😂 “that’s right” 😅😅😅😅
@eliminoh_p78778 ай бұрын
His maniacal laughter is because he knows he about to shut down every major retailer besides walmart.
@magnusalexander29658 ай бұрын
This guy looks like Kevin Spacey playing Forrest Gump
@ModernGentzz9 ай бұрын
This is exactly how nonprofit organizations make people rich without legally being in profit
@zackk1098 ай бұрын
what your saying is true but it was straight expenses early on growing amazon, they weren’t public yet either
@unintendedpurposes8 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.
@natoslayer29078 ай бұрын
Probably a government shell company.
@manbok20358 ай бұрын
Fine line between "unprofitable" and "reinvestment for growth".
@TimJSwan8 ай бұрын
what?
@woodsie3158 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.
@andrewtarbie23458 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
@justanotherguy43398 ай бұрын
Who makes the rules?
@MrJohnSmalley7 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.
@zippoamerika87949 ай бұрын
Government subsidies, no taxes
@imtryinghere19 ай бұрын
They pay taxes. It's a documented fact
@user-qk7tp3wk9f9 ай бұрын
@@imtryinghere1they don't. It's a documented fact. Dufus
@imtryinghere19 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
@susheelhegde53238 ай бұрын
Dude's been playing monopoly IRL since the 90s
@LimPu8 ай бұрын
People back then and people now not grasping that no profit means no taxes, does give me hope.
@dcbozada9 ай бұрын
May be a stupid question, but he just took the profits and re invested it?
@joeypuvel12288 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.
@zackk1098 ай бұрын
Tesla wasn’t profitable til 8 years after going public, i don’t think amazon was public yet either
@SooDamGood9 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
@Blazedreptile9 ай бұрын
Zero tax
@AlexNiles649 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.89929 ай бұрын
@@Blazedreptile Exactly!
@imtryinghere19 ай бұрын
Wrong. They hired so many people to grow that they were not profitable then.
@The_Monkey_Kingdom9 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
@dsgio72548 ай бұрын
You must be kidding me.. If big corps fail are saved by the gov... Amazon is a public investment - look above ....
@chookchack8 ай бұрын
Reinvest > business expense > no tax dues. 💵
@AmazingAirshowVideos8 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.
@mrrooster48768 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.
@charlesgallagher13768 ай бұрын
Sears was doing it 100 years ago.
@mrrooster48768 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-mr3rh8 ай бұрын
@@mrrooster4876oh that’s all he did huh?
@mrrooster48768 ай бұрын
Yeah, go study both businesses. @@NK-mr3rh
@1m1337noSh1t8 ай бұрын
It was already worth billions in 99
@hammadsheikh19989 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
@butskiiueepp16258 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.
@vxenon678 ай бұрын
I forgot who said it paraphrasing: We sell this for a penny. Why sell it cheap. Yes but we sold millions.
@Flapsupnolights8 ай бұрын
That’s why they don’t pay tax. It’s a tax fiddle
@cheeseballs38259 ай бұрын
How does he look twenty years younger 24 years later? 😂
@rigz82258 ай бұрын
Profits
@LeadMagnet4808 ай бұрын
Money
@downthesight8 ай бұрын
@@LeadMagnet480 magic Johnson
@Patrick-zr8tv8 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.
@coryg1219 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
@wanmanrmy9 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.
@MrEvertonian209 ай бұрын
Bad math
@jamiedavis38009 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-cm1fx8 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.
@BWilliam8 ай бұрын
Happens everytime
@diogosilva59728 ай бұрын
key word here is CNBC, steering regular folks from profit since times imemorial :))
@cjay65478 ай бұрын
Definition of "the long game" 😎🔥💯🤣
@lukaszlipert11897 ай бұрын
Jeff Bezos is an incredibly smart person. Different level of thanking.
@eduro16609 ай бұрын
That’s why a brain is talking to a big mouth
@bjornyesterday256210 ай бұрын
"Reinvesting" - undercutting our competitors till they go out of business
@woodsie3158 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.
@sarahkraft37658 ай бұрын
It was always about market share. Mission accomplished.
@bringerod51418 ай бұрын
Imagine thinking that reinvesting into the company is bad business practice
@pattiguy761710 ай бұрын
I forgot that he had hair😊😂
@bartoszulkowskitattoo8 ай бұрын
I am greatful to be reminder that i have to focus on my no income no tax game.
@vonteflon8 ай бұрын
No *profit*, no tax.
@LifeLongLearner-om8jx8 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.
@csmac3144a8 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-dk4jb10 ай бұрын
Bezos got rich off shipping & handling every client TO DEATH
@spitalhelles33808 ай бұрын
Never seen a more chill guy explaining his tax evasion scheme on national television
@thelibertyprojects.47478 ай бұрын
He pays 100% of the taxes he owes. I think you’re mistaking him for hunter biden.
@natescode8 ай бұрын
Tax evasion is illegal. He's just smart. Don't be jealous
@woodsie3158 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.
@il26738 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
@Booper19787 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.
@johnnytr0uble8 ай бұрын
We should have known back then he was getting ready to scam us all.
@saul_bloom10 ай бұрын
Fuc*ing legend.
@willingor21618 ай бұрын
Idk
@keemoify8 ай бұрын
His bank balance agree.
@thecensoredmuscle5638 ай бұрын
The guy is a creepy nerdy elitist, nothing legendary about that guy.
@derekyoung46378 ай бұрын
I know bezos love when this shows up on his timeline.
@th58418 ай бұрын
Investing in getting a monopoly. What a hero!
@UVBluesman11 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. ;)
@brandonraj702011 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?
@UVBluesman11 ай бұрын
@@brandonraj7020 I get it. That was really my point. That's the way the tax code is written.
@UVBluesman11 ай бұрын
@@brandonraj7020 my original post sux. lol
@brandonraj702011 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.
@brandonraj702011 ай бұрын
@@UVBluesman lol! You want me to remove mine? I will... lol
@Rainy_Day122349 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.
@aebalc9 ай бұрын
He is as rich as you can get without becoming a dictator.
@weatheredseeker9 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.
@Valstein08 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.
@YoPhocFays8 ай бұрын
Its called AVOIDING taxes
@woodsie3158 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.
@walterlangkowski47238 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”
@woodsie3158 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?
@sfdntk8 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.
@Sleeperservice1018 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.
@magpieeuc48468 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.
@Sleeperservice1018 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?
@kashsasson47517 ай бұрын
2 day shipping nationwide… that’s one of the craziest things to ever happen
@trewjohn20018 ай бұрын
Just because the business records a loss - doesn’t mean someone isn’t making money.
@fira0lg9 ай бұрын
Did Nikolas Cage evolved to Jeff Bezos 😌😃😜
@travisethridge40628 ай бұрын
Almost sounds like the Governments plan...
@michaelc29238 ай бұрын
What reinvesting profits in company infrastructure and brand building. Pretty common business practice.
@frequensea94348 ай бұрын
No profit=no tax, however no profit means take loan from special interest and give them what they want later.
@MKemp-dr4xe8 ай бұрын
Operating at a loss allows you to cut all the competition out the market, giving you full monopoly and price control
@huntwright87318 ай бұрын
It’s called legal tax evasion.
@nuggetz40378 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.
@huntwright87318 ай бұрын
@@nuggetz4037 thank you for explaining legal tax evasion to the audience.
@nuggetz40378 ай бұрын
@@huntwright8731 you're welcome.
@jaderhuff818 ай бұрын
Your paychecks coming tomorrow
@huntwright87318 ай бұрын
@@jaderhuff81 half of it
@SHAKE-S-PIERRE8 ай бұрын
He earned his money I ain’t mad at it, he can do whatever he wants with it
@rainzer04 ай бұрын
Companies that do this and survive are currently the biggest.
@Fhhsfft8 ай бұрын
Literally everything you’ve ever been aware of has been designed. No one just CREATES these things, they’re in the blueprints..
@pattheegreat8 ай бұрын
I like how the far left gets it wrong every single time
@dealtdeal13538 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.
@NielsSHansen8 ай бұрын
Companies should be evaluated before investments, as it’s the profit potential that is relevant.
@EpicBibleTime8 ай бұрын
Why was he even on Jay Leno at this stage in his career?
@backtoschool97608 ай бұрын
a company's goal is not to be profitable, its to grow revenue
@andrewvalenzuela43838 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.
@Rokazz28 ай бұрын
Gets laughed at is a strong expression here hahaha
@jaredb69348 ай бұрын
It's the corrupt tax code. It's how billionaires keep their money and avoid taxes.
@otismichael25838 ай бұрын
Not making a profit doesn't mean it isn't profitable
@RyanHanifan8 ай бұрын
Now he’s buying up farm land to control what we invest!!!
@deanmalkewich23669 ай бұрын
Never pictured an evil laugh sounding like that
@GoogleMeAgain8 ай бұрын
This was where they bring him onboard and make him successful.
@buzzpockets29848 ай бұрын
He’s the 90s mr beast. Spend it all to help the brand
@sox-b99997 ай бұрын
Well, it's easy to do this when you're already rich.
@paulmvn54318 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.
@TrashPanda51508 ай бұрын
$1000 in Amazon stock at the time of its IPO in 1997 would be worth about $1.5 million today.
@coderider30225 ай бұрын
AWS is the real jewel, rest of the business is just a shop with good delivery system.
Rockefeller used to sell at a loss to get rid of his competition. Jeff also had friends in the hedge fund business with opm.
@pete75238 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.
@luqmankhanN8 ай бұрын
He was doing what has been done many time but in a larger scale.
@chrisryan39188 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”
@JakeCCarline8 ай бұрын
Thanks Amazon for climbing to the top. Now I can catch sales anywhere in the world !!
@AGermz8 ай бұрын
When u start a company u dont show profit because any money u get u spend back on the company for materials and growth
@hippidieblooblah8 ай бұрын
The one man who figured out the glitch in capitalism to not only beat the game but Crack it.
@bubachinsky8 ай бұрын
Dude had a gold mine and he knew it. Long before anyone else did.
@robbnoble15098 ай бұрын
RIP to everyone who had a big idea like this but gave up on it after it lost money
@OvertheHIL5248 ай бұрын
10k invested in Amazon in 1999 is worth about $30 million now.