/https://www.thestar.com/content/dam/thestar/business/opinion/2021/02/13/jeff-bezos-amazon-delivers-everything-but-big-profits-that-means-its-vulnerable/prime_truck.jpg)
Jeff Bezos’ Amazon delivers everything but big profits. That means it’s vulnerable
That’s the current stock-market value of Bezos’ 10.6 per cent stake in Amazon. And Bezos steered Amazon into traditional grocery retailing, buying Whole Foods Market. Bezos did not learn how to turn a decent profit in online retailing. Loading... Loading... Loading... Loading... Loading... Loading...A company’s stock-market valuation is, or is supposed to be, based on its potential to turn ever higher profits. In that scenario, the core Amazon online retailing business that made Bezos a celebrity tycoon might fail, since it is currently subsidized by its siblings.
Source: thestar February 13, 2021 11:15 UTC
