Chasing Growth Can Turn a For-Profit Company into a No-Profit

It seems many companies today are chasing growth. As an example, Amazon invests most of its cash into growing the company. The goal is to solidify a position in the market first and earn money later on the investment.

But that strategy doesn’t always work: nine years after acquiring YouTube, Google still hasn’t found a path to profitability for the video-sharing platform.

Growth is nice, but will investors wait forever for growth to turn into profits?