From WKiernan at concentric.net Thu Mar 18 20:55:30 1999
Then what do they use to pay their bills from Ingram and Fed Ex
with? I mean, they couldn't sending out shares of Amazon.com
stock to cover their suppliers's invoices? Or are they growing
so fast that, even selling at a loss, this month's cash influx
is bigger enough continue to pay last month's bills?
Make no mistake: Amazon is *not* selling books at a loss; their gross profit margins are around 20% (including incoming and outgoing shipping costs). They are net losing money because they spend so damn much on marketing and sales and advertising.
/jordan