If corporations are people—and, as we all know, they legally are—then Amazon is a person just like you and me.
That is to say: Amazon is spending more than it earns.
And, just like you and me, Amazon has plenty of reasons why it’s overspending. To quote Mashable: “Amazon is spending an incredible amount of money on a variety of investments that are not turning a profit. Well, not yet.”
Yes, the Amazon quarterly numbers are out, and although—as Geekwire notes—its net sales increased 23% to $19.34 billion for Q2 2014, the company also reported a quarterly loss of $126 million dollars.
I am having flashbacks to my own failed business and the cycle of thought in which I convinced myself first that I was “spending money to make money!” and second that as soon as I had one good month, I could start to pay back what I’d lost.
It’s amusing to learn that Amazon, just like you and me, is spending money to make money. (As a corporation wearing a people suit, it truly has picked up the local mannerisms and cognitive dissonances.)
Also, I suspect that despite this quarterly loss, Amazon is going to do just fine.
Photo: Stephen Woods
I love a bargain almost as much as I love affordable access to contraception, emergency and otherwise, but the good folks at RH Reality Check have looked into
some of the vendors selling Plan B on Amazon and they are advising against getting in on the action:
Mike: So I ordered a vacuum on Amazon the other day. It was delivered last night, but when I got home, it wasn't there. Someone stole the package.
Via the Paris Review Daily’s roundup of very expensive ebooks, I bring you this gem, titled “The Amazon’s most expensive book (Arabic edition).” Behold the product description:
This book is one of the most expensive available on Amazon in Kindle version. It does not exist on paper version. It caters to the richest people. Those who can buy it without flinching. It is not for the poor, stingy, or for those who count their money.
Therefore, please do not buy this book if you do not have enough money on your bank account. If you are not wealthy but think you can read this book and ask for a refund afterwards, give up immediately, you are not the readership target.
Any unusual thing is expensive! This is the law of supply and demand. Only a privileged few can buy and read this book. The others: go your way. Many free books are available for your long winter evenings. However, if you have a lot of money, and if the price of this book does not disturb you more than that, welcome and good reading.
Of course my first instinct when I saw this was to gchat Mike Dang about it, to which he said: