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Amazon Struggling to Turn Around its Mobile Fortunes

Started by blogger, July 29, 2014, 09:01:19 AM

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Amazon Struggling to Turn Around its Mobile Fortunes

Amazon stock has been slipping and sliding in response to the online retailer’s latest earnings report. Last week, Amazon shares fell 10% due to the wider-than-expected loss of $126 million Amazon sustained in Q2 of 2014. The stock tumble surprised many, as the company still enjoyed a 23% spike in revenue. “The losses reflect Amazon’s […]

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