From the San Jose Mercury-News' SiliconBeat:
As an investor you have to ask yourself, is this company doing too many things?”
— Scott Devitt, analyst at research firm Stifel Financial, on Amazon. Fast Company takes a look at the failure of the Fire Phone, as well as the state of Amazon, which is led by the ambitious and headstrong Jeff Bezos. What emerges from interviews with analysts, former and current Amazon employees and other observers: The company continues to make big bets while it continues to lose money, and critics are questioning what Bezos is doing.
“For years, the story has been that Amazon isn’t profitable because it is growing so fast,” David Einhorn, hedge fund manager, wrote in a note to Greenlight Capital investors. “Now growth is slowing, but rather than unleashing higher profits, the slower growth is leading to even greater losses.” (Amazon in October reported a $437 million quarterly loss, its biggest in 14 years.)...MORE
See also Fast Company: "The Real Story Behind Jeff Bezos's Fire Phone Debacle And What It Means For Amazon's Future".
HT: Alphaville's "Further reading" linkwrap.
Previously:
"Amazon Not as Unstoppable as It Might Appear" (AMZN)
Amazon's Many Businesses (AMZN)
"If you build it (revenues), they (profits) will come": Amazon's Field of Dreams! (AMZN)
Profit/Non-profit: What is Amazon Up To? (AMZN)
And many more, see that last link if interested.
