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Amazon execs destroyed years of evidence before FTC action, agency says
(www.seattletimes.com)
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this post was submitted on 03 Nov 2023
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Why would you think that it isn't profitable?
Because they sell the bulk of their products at a loss. They use their webservices platform to bankroll their retail platform so they can undersell even Walmart. Some years it does turn a slight profit but generally it's fairly negative but no matter what it doesn't offset the pure profit that is the web services division. https://ir.aboutamazon.com/quarterly-results/default.aspx
Serious question, why do they then even bother with the retail platform?
If I had to guess, to achieve the ultimate conclusion of the Walmart plan, squash every other retailer in the nation and then raise prices.