Amazon announced second quarter results today:
Sales have grown compared to the same period last year from $15.7bn to $19.34bn
BUT operating loss was $15m compared to an operating income of $79m last year, and net loss was $126m compared to a loss of $7m last year.
How does a company sustain such losses? Can a business whose losses are growing be a good, safe, company? Presumably yes because investors aren't fleeing in panic, but it seems insane to me.