Amazon’s financial results for the third financial quarter of 2014 didn’t do the company any favors when they were announced late last week; the retail giant posted a quarterly net loss of $437 million, up dramatically from last year’s 3Q loss of $41 million. The biggest single contributor to the bad news? Amazon’s Fire Phone...
Things aren’t looking financially rosy for Amazon investors for the next quarter, either. In spite of the holiday buying season’s rapid approach and the huge role Amazon will play in many folks’ gift-giving plans, the company expects an operating loss of between $430 million and $570 million in the final quarter of 2014.
Tuesday, October 28, 2014
That's A Lot Of Zeroes
How much money do they have, that they can keep losing this much money? Or is cash flow alone the only thing that's keeping them going? Because I love Amazon and don't want to see it go away!
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1 comment:
I don't know. All I can say is that Amazon is one of the best companies I have ever dealt with. My suspicion is that government regulation concerning sales tax is an issue, and they may have tried to do too much.
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