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Amazon Fire Sale After Smartphone Flames Out

2014-10-27 18:22:57| IT Services - Topix.net

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud - even though its vast range of initiatives ate up all the company's profits.

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