From the article: "Amazon has 237 million active customers but as a general rule makes almost no profit."
Does Amazon really make no profit? Or do they just have some creative accounting techniques that means they never declare their profits to avoid possible taxes?
Consider the case of the bookdepository.co.uk, purchased by Amazon in 2011. Not only does the bookdepository match most of Amazon's book prices, they offer free worldwide delivery too. Yet, unlike Amazon, they are profitable.
Does Amazon really make no profit? Or do they just have some creative accounting techniques that means they never declare their profits to avoid possible taxes?
Consider the case of the bookdepository.co.uk, purchased by Amazon in 2011. Not only does the bookdepository match most of Amazon's book prices, they offer free worldwide delivery too. Yet, unlike Amazon, they are profitable.