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back to article 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 …

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  1. Hugh_Pym
    WTF?

    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.

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  2. Alan 6

    Me no understand

    On what planet is it wise to spend $850m on a company that makes "a small profit"?

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  3. Anonymous Coward
    Coat

    So you are saying

    Amazon didn't make book?

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  4. Anonymous Coward
    Anonymous Coward

    @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.

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  5. Alan 6

    @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...

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  6. Smeghead
    FAIL

    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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