Me no understand
On what planet is it wise to spend $850m on a company that makes "a small profit"?
Amazon's soaring revenues depress Wall Street
Amazon continues to prove that a melting economy doesn't necessarily mean you can't continue to expand sales on the world's largest etail site. During the second quarter ending June 30, the company pulled in revenues of $4.65 billion, a fifteen per cent jump from the same quarter last year. But this wasn't enough to satisfy the …
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No wonder the economy is in trouble
ebay loose money - Wall Street loves it. Amazon make money - Wall Street is disappointed.
Anyone would think Investment Bankers don't know what they are doing.
@Alan 6
If the company isn't successful only because they lack the resources or marketing muscle you can provide, then it's quite wise indeed.
@David W
I'm sure there is a slim chance of turning "a small profit" into something that will go some way to recouping $850,000,000 but I'm inclined to think that Amazon have just tossed a skip full of greenbacks down the toilet...
Missed a trick
They should've also announced some layoffs. Stock prices always go up if you announce layoffs.
I know what I'm talking about - I used to work for Motorola. :)
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