TRIGGER WARNING: Positive comments about Jeff Bezos and Amazon.
For John, BLUF: Amazon is pouring profit into setting up for future profit. Nothing to see here; just move along.
From The Wall Street Journal and Reporter Greg Bensinger we have "Amazon Swings to Loss Despite Jump in Sales".
Amazon.com Inc. finally revealed financial details about its secretive cloud computing division, but it was otherwise business as usual in the first quarter for the e-commerce giant.I think Mr Jeff Bezos is doing the right thing—investing in the future.
The Seattle company reported a loss despite rapidly rising sales, as it continued to spend heavily to fund a variety of projects such as drone delivery and streaming-video deals, as well as warehouse construction. And while some investors fret that Amazon is spreading itself thin, such as with the unpopular Fire smartphone, the company reaffirmed it is investing for an ever-distant future.
Hat tip to Drudge Report.
Regards — Cliff