There’s so much news where people read a headline and believe it uncritically. I always thought it was silly that people accused Amazon of being unable to make a profit when they were obviously intentionally investing their would-be profits in to growth.
A lot of people don’t really care if what they say is accurate.
Those accusations and headlines, I would argue, came from competitors who were unable to find the same trust and leniency from the market and needed to show a profit every earnings call.
A lot of people don’t really care if what they say is accurate.