Question: Between 2004 and 2010, Amazon.com, the industry leader in online sales of books and other consumer products, increased its free cash flow from $477 million

Between 2004 and 2010, Amazon.com, the industry leader in online sales of books and other consumer products, increased its free cash flow from $477 million to $2,516 million. Prior to 2002, Amazon had never generated positive net cash flow from operations. What does this tell you about the stage of growth that Amazon is in?

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