A company's market valuation can be extremely high even when it has never made a profit and continues to lose money, as demonstrated by Jeff Bezos's Amazon in 1999, which was worth billions despite never being profitable and losing more money each year than the previous year.
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Jeff Bezos Mocked on National TelevisionđŹ...#shortsHinzugefĂŒgt:
[laughter] >> The company is worth billions. Yes. And every time I pick up the paper, each year it loses more money than it lost the year before.
The company's never made a profit.
>> That's right.
>> [laughter]
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