The Latest in IT Security

Amazon’s losses widen, shares drop

25
Jul
2014

By Deepa Seetharaman SAN FRANCISCO (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue. Shares of Amazon have slid 10 percent so far in 2014, as investors grow increasingly leery of betting on potentially rapid long-term growth at the expense of little to no profit. Amazon has invested heavily in several new business lines, from a subscription book service and digital video content to a TV streaming-box and an upcoming Fire smartphone.

Comments are closed.

Categories

SATURDAY, APRIL 20, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments