Sunday, December 16, 2001
My good friends at Netslaves are exploring a bittersweet topic...the possibility that we are watching Amazon's last Christmas. Here's my favorite only-slightly-hyperbolic riff:
"...for a company that's roughly 3 billion to the left of zero, reality cannot be avoided indefinitely. "Pro forma" is not going to cut it when creditors finally demand to be paid.
Imagine if you or I wracked up that kind of debt? We'd be in jail fighting off anal rape, not talking up what a big holiday season we're expecting, especially when our business is structured on the principle that the more we make the more we lose."
