Clearly my error. I made the mistake of arguing with someone who has no idea what he’s talking about.
INVESTORS invest for the long term. And even between its IPO in 1997 and 2011 Amazon did extraordinarily well for its investors. Go check the chart. And recently its gone parabolic.
And Twitter, Facebook and Google are TOTALLY different businesses than Amazon. They may very well be on the downward slope in 5-10 years. Amazon? They have built a fantastic business that I suspect will be around quite awhile.
You were correct in your first sentence above. You erred again in your second.
Goodbye now! Ta-Ta!