Amazon May Lose Hundreds of Millions, but Things Are Improving
Amazon just announced another quarter of tiny profits, and says it may lose up to $340 million this quarter. But things are still looking up for the giant online retailer.
Amazon just announced another quarter of tiny profits, and says it may lose up to $340 million this quarter. But things are still looking up for the giant online retailer.
Amazon's low prices and tiny profits have led some observers to accuse the company of being a "charitable organization." In a letter to shareholders, CEO Jeff Bezos hit back.
In the wake of its earnings report Tuesday, Amazon's share price went up. But this afternoon, Amazon has mostly been down -- not just the stock, but the e-commerce website's homepage, which has intermittently been offline.
Anyone who lined up outside their local Target early one Tuesday morning this past September to score some Missoni -- and witnessed the retail carnage that ensued -- will be well prepared for Black Friday. Target, on the other hand, may not be as ready -- especially when it comes to its website.
The online retail giant functions like two stocks: One is speculative and volatile, with unusually high valuations -- and high demands for returns. The other is for long-term investors, who get rewarded for buying and holding with capital gains and consistent growth.




