Bezos Alarms Amazon Investors With Spending Pace as Loss Widens

11 Aug 2014 • bloomberg.com

After climbing 59 percent in 2013, the shares of Seattle-based Amazon have declined 19 percent this year, underscoring investors’ trepidation about mounting expenses. The stock fell 9.7 percent to $324.01 at the close in New York, the most since April 25.

As Bezos has funneled more money to expanding distribution, grocery delivery services and smartphones and tablets, there’s little sign sizable profits are coming and Amazon issued a forecast yesterday for a wider loss in the third quarter.

I can’t imagine a world without Amazon. Every since I signed up for Prime years ago Amazon is my go-to site for most everything. I get the feeling Amazon will be around for a long long time, no matter how much money they lose.