Amazon.com Inc. posted a loss of $274 million, or 60 cents per share, in the July-September period. That’s down from earnings of $63 million, or 14 cents per share, a year earlier.
And this is what happens when you sell your shit at cost.
Amazon reports $274 million loss
Tough to beat 14 cents per share. Oh, wait….
Amazon has a long-term plan. They’ll be fine.
Somewhere former brick-and-mortar store owners are laughing bitterly.
I bet they’ll make it up this loss by selling more Kindle Fire tablets!
Hey, wait a second…
Watch their stock go up.
I agree
“You lose money on every sale”
“Yes, but we’ll make it up in volume!”
BWAAAAAAAAAA HA HAAAAAAAAA
Now imagine if Apple reported a loss. The backlash would be deafening.