Before Amazon started showing billion-dollar profits, there was a joke that the massive public company was in reality a charity run by Wall Street investors for the benefit of American consumers. But that humor revealed a deep misunderstanding of Amazonomics. The internet retailer was never any sort of philanthropy. Instead it was a rapidly growing business that invested every dollar of excess cash back into growing the business even further.

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  • A $15 Minimum Wage Is Great for Amazon. It's Not Great for America
    Before Amazon started showing billion-dollar profits, there was a joke that the massive public company was, in reality, a charity run by Wall Street investors for the benefit of American consumers.
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