More bubblicious tech: Amazon blows their earnings, warns on future

Amazon packages

Amazon lost $126 million last quarter, way worse than expected, and warns of a ginormous loss of $410-810 million next quarter, even as revenues were up 23%. Yes, Amazon continually pumps money into development and growth, and that’s great. However, it is a huge established company. At some point it needs to show a profit else people will start to think it’s just a carny shell game, with a levitating price based on hype not reality. In that it is not much different from too many other internet companies, which get fanciful valuations based of assumptions of future growth. However, at some point, profits really do need to be made. This time is not different. You can’t continually spend more than you have.

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