"The company, which is embroiled in a very public conflict with the publisher Hachette, announced second-quarter losses nearly double what Wall Street predicted. It also warned that the third quarter would be worse. Much worse.Amazon’s Ambitious Bets Pile Up, and Its Losses Swell - NYTimes.com
That was enough to make the stock plummet in after-hours trading. Shares quickly fell 10 percent, shaving more than $15 billion in value from the high-flying retailer."
Friday, July 25, 2014
Amazon’s Ambitious Bets Pile Up, and Its Losses Swell - NYTimes.com
Perhaps no longer business-as-usual for Amazon -- or perhaps its stock will recover within a few trading days