Amazon CEO to Shareholders: No, We Are Not a Charity
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.
amazon profits
Why Amazon's Razor Thin Profits Don't Matter to the Market
Amazon just released its fourth-quarter earnings report, announcing it had racked up $21.27 billion in sales -- an increase of 22% from a year earlier. But for all those billions in sales, it managed just $97 million in profits.
Amazon Earnings Rise 16% on Electronics Sales
Amazon's third-quarter profits rose 16% thanks to surge in sales of electronic products such as its Kindle e-reader, the world's largest online retailer reported after the bell Thursday.