Amazon Cap Loss

Insty links to this BusinessWeek article on Amazon's stock tu8mble.

The online retail giant reported net income of $22 million, compared with $52 million in the second quarter of 2005, even as net sales rose 22%, to $2.14 billion for the period. Both the net income and revenue figures fell slightly short of analysts' cautious second-quarter estimates, which had taken into account heavy R&D expenditures

I suppose if Amazon tanks right after Chris Anderson's "The Long Tail" comes out, I will have to admit my detractors were right.

Posted by jk at July 26, 2006 9:01 PM