Amazon Somehow Lost $274 Million Selling $13.8 Billion Worth of Stuff

If you thought Amazon's prices seemed too good to be true, well, it turns out they might be—for Amazon, at least. The company managed to turn $13.8 billion of revenue into a $274 million loss this past quarter. And while a big chunk of that was due to losses at LivingSocial and foreign-exchange rates, all is clearly not well on Mount Bezos. More »

Source: http://feeds.gawker.com/~r/gizmodo/full/~3/fD30Y-VnBgA/amazon-manages-to-lose-274-million-while-selling-138-billion-worth-of-stuff

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