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A comment on Ask HN: Are we in tech-stock bubble?. Parent comment

Re:Ask HN: Are we in tech-stock bubble? by cwwc on Sunday December 27, 2020 @07:47PM (#25555640)
There is a secret sauce: pairing a company (Amazon.com) with heavy net operating losses (NoLs) with a very profitable company (AWS).

The result? Amazon pays zero taxes and can continually expand. The NoLs offset the profits, and every time Amazon has a division that becomes profitable they offset it by entering a promising but loss-inducing new sector. Then, when that division becomes profitable - rinse and repeat.

This is Bezos’ genius.

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Re:Ask HN: Are we in tech-stock bubble? by voodootrucker on Sunday December 27, 2020 @08:52PM (#25555991)
> This is Bezos’ genius.

His genius is gaming a readily game-able tax system for personal gain and public loss?

I do agree it's what he's good at, but I disagree about it being "genius" and question whether it's worthy of praise.

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Re:Ask HN: Are we in tech-stock bubble? by cwwc on Sunday December 27, 2020 @09:43PM (#25556223)
Concurred.
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Re:Ask HN: Are we in tech-stock bubble? by thewarrior on Sunday December 27, 2020 @08:46PM (#25555966)
Are taxes such a serious constraint on company growth when funding is so easily available ?
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Re:Ask HN: Are we in tech-stock bubble? by cwwc on Sunday December 27, 2020 @09:43PM (#25556229)
Hm. Not sure, that’s an excellent point. It may not be a constraint, but I think it is a massive incentive.
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