Open Your Mind: Amazon Is NOT Netflix
Make no mistake about anything I've said here: Long-term profitability and building an important and lasting and sustained company is incredibly important to us. We just believe that, by investing now, we increase our chances of achieving those things.
So, he's telling you -- in no uncertain terms -- that Amazon will sacrifice the look and feel of short-term financial metrics to seize long-term opportunity. Could not be more precise. (That was 17,256.67% worth of upside ago).
Amazon's CFO said pretty much the same exact thing on yesterday's call and every one prior to that for as long as I can remember. Of course, AMZN ended Tuesday's after-hours session up another 9%. We're talking all-time high material folks.
But, sure, keep up the snark, the yeah, buts, the typical references to the dot-com bust and yelps over valuation. At least you can get a kick out of frustrating guys like me, but like Amazon and Bezos, I'll always be prepared with a strong comeback:
Follow @rocco_thestreet
--Written by Rocco Pendola in Santa Monica, Calif.
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