“The stock market is a rigged game that preys on the innocent and enriches the lives of the already rich,” Kate MacKenzie writes for Mac360. “There, I said it.”
“You would think that a company that is well run, profitable and growing, and which has customers standing in line to buy products would be in favor on Wall Street,” MacKenzie writes. “Instead, the market seems to reward companies for taking risks, working toward the future, which seems to be a euphemism for failing to make a profit.”
MacKenzie writes, “Two perfect examples are Apple and Amazon. The latter is a money-losing machine which grows revenue, but can’t figure out how to make a profit. The former is a money-making machine with more legs on the profit stool than anything from Ethan Allen… Amazon just lost another ton of money, although revenue went up, and the market responded by pushing the company’s stock to record levels.”
Read more in the full article here.