NEW YORK TIMES: …The company, which is embroiled in a very public conflict with the publisher Hachette, announced second-quarter losses nearly double what Wall Street predicted. It also warned that the third quarter would be worse. Much worse…
Amazon long ago proved that it could sell vast quantities of goods to tens of millions of people, and that it could simultaneously develop new businesses while innovating with old ones…
“Skepticism is increasing,” said Colin Gillis of BGC Partners. “It’s hard to have $20 billion in revenue and not make any money. It’s a real feat.” … (more)
EDITOR: We empathize with Barnes & Noble who have had to weather this uneconomical competition, fueled by stock market optimism.
