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Amazon's Margins Are Still Razor Thin To End 2019 - Mass News
In the past five years Amazon has had an average profit margin of a measly 2.27%. For comparison, Facebook’s average profit margin for the last five years was 31.12%, Apple’s was 21.49%, and Google’s was 20.18%. (Source:YCharts.com). Conventional business wisdom said that a business isn’t sustainable with such low profits, but Amazon caught competitors off-guard …