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oblio 5 days ago

Amazon was very frugal. If you look at Amazon losses for the first 10 years, they were all basically under 5% of revenue and many years were break even or slightly net positive.

Uber burnt through a lot of money and even now I'm not sure their lifetime revenue is positive (it's possible that since their foundation they've lost more money than they've made).

citizenpaul 5 days ago | parent [-]

Exactly Zittrons point.