Why do you guys do it?
Every effing quarter there is some clown putting out nonsense articles about Amazon's economic performance. You will be disappointed to learn that most of the down turn you report in after hours trading has been regained by the time I wrote this. But more than that, the modest downturn in share price you report only left the stock where it was at the beginning of the day.
Remarkably, Amazon posted a profit. For years Amazon has had a policy of making zero profit instead investing that in the business - mainly cloud infrastructure. Sometimes Amazon makes a bit of a loss, sometimes its a bit of a profit. Why make profit that you have to share it with Uncle Sam? You can see the cash being used as investments by Amazon by reviewing the cash flow section of the 10-K (the annual financial report submitted to the US Securities and Exchange commission.
In the meantime the share price has risen from $681 on Jun 27th 2016 to $817 as I write. What *exactly* is wrong with that? How can a small (and now disappeared) blip be set against that huge gain in less than a year. Get some perspective.
Biting the hand that feeds IT
