Tuesday, July 29, 2014
Amazon.com had sales in the second quarter of $19.34 billion, up 23 percent over last year.
BUT -- it had a LOSS of $126 million. It projected a loss of as much as $810 million in the third quarter. As of today, Amazon.com is $3.15 BILLION in debt with no end in sight.
This company just doesn't make money, despite exploding sales. Quarter after quarter, year after year, Amazon.com LOSES MONEY.