Quote:
Originally Posted by pwalker8
http://online.wsj.com/articles/amazo...LEFTTopStories
...
A surge in spending on new-product development, music and video licensing, and other parts of the Seattle company’s expansion strategy led to a net loss of $437 million in the third quarter, worse than its year-earlier loss of $41 million. The wider loss came despite a 20% jump in revenue to $20.58 billion."
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$20.5 Billion in quarterly revenue? Yeah, the sky is falling for Amazon.
Personally I'm happy that amazon plows its money into R&D. And I'll bet the stock comes back up within a month.