Could someone explain the math here. So amazon is worth almost 500 times their income!? That doesn't make any sense even if they are growing like crazy and investing their profits or something.
They traditionally operate on low net incomes so they can kill other products with low or negative margins, and own entire categories, instead of wasting funds paying taxes and shareholders.
Or as Walter White says in Breaking Bad. "Corner the Market, then increase the Price. Basic Economics."