It’s due to the fact that any ounce of profit they would have they instead re-invest into the business.

Which, by the way, is (part of) why they’re so dominant.

Another chart showing what Amazon has been doing:

https://infographic.statista.com/normal/chartoftheday_4298_a...

Net income doesn’t do that naturally or by accident.

Agree, and in any other situation we'd be praising this. They're investing in the future, looking beyond the next quarter, etc.

Investing in the future is great.

Doing so while exploiting workers and dubious tax arrangements is not.