Re:Why Amazon Has No Profits and Why It Works
by twistedpair on Friday September 05, 2014 @01:58PM
(#8275272)
At some point, when you're handling all the customer money, and the merchant money, and the supplier money, you become the ultimate middle man as everyone owes you money and the actual amount of money you need to move gets small and smaller because you're just netting internal accounts. There must be some massive savings (read profit) to be made there, when the entire economy is really just Amazon.
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Re:Why Amazon Has No Profits and Why It Works
by MaysonL on Friday September 05, 2014 @04:09PM
(#8276012)
Good point: note that they get the customer's money before they pay the supplier (their accounts payable are a multiple of receivables), and they sell the merchandise before they pay for it (their payables are a multiple of their inventory).