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A comment on Amazon 2020 Letter to Shareholders. Parent comment

Re:Amazon 2020 Letter to Shareholders by cm2012 on Thursday April 15, 2021 @12:09PM (#26822292)
Someone once described Amazon as essentially a charity since they didn't take profits for shareholders in the first 20 years of their existence even though they could have. Even now they still reinvest most profits into capex.
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Re:Amazon 2020 Letter to Shareholders by quadrangle on Thursday April 15, 2021 @12:35PM (#26822717)
"non-profit" would be at least appropriate for your point, "charity" definitely not. Those two terms are not actually synonyms.

But even with non-charity non-profit, Bezos wouldn't be so wealthy. Still, that's not your point. Your point is that it operates in a way to advance its business activities rather than to distribute profits, and that's largely true.

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Re:Amazon 2020 Letter to Shareholders by decebalus1 on Thursday April 15, 2021 @12:31PM (#26822649)
Someone needs to read up on both the definition of charity and the definition of 'essentially'
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