Published on 26 Jun 2023 on Insider Monkey via Yahoo Finance
15 Big Companies that Aren’t Profitable
In this article, we will be taking a look at the 15 big companies that aren't profitable. To skip our detailed analysis, you can go directly to see the 5 big companies that aren't profitable.
Many people simply associate the worth of a company with the profits that it earns, as higher profits mean higher returns. This is why no matter what a company earns, there is pressure on consistent growth on sales and profits. Many people also believe that if a company continues to make losses year after year, its existence will be in doubt and it will have to declare bankruptcy. While this is true for most companies, there are some major exceptions, with perhaps the biggest exception being Amazon.com, Inc. (NASDAQ:AMZN). While Amazon.com, Inc. (NASDAQ:AMZN) was established in 1994, it wasn't until a few years ago that the company finally turned over a net profit, even though its sales continued to grow astronomically year on year. This seems a bit unbelievable for one of the biggest companies in the world through any metric, and yet, Amazon.com, Inc.'s (NASDAQ:AMZN) strategy was to make its name in the market by providing goods for the cheapest possible prices, even if making a net loss, to attract more and more customers and drive out competition, both of which it achieved significant success at.
