One reason for Amazon to pursue Hachette and other suppliers is that the mood on Wall Street is changing. For years, Amazon’s program of investing all its profits in new businesses was applauded. Revenue soared, and so did the stock. But shares are down sharply this year and analysts are cutting earnings forecasts. The pending stock exchange debut of Alibaba, the highly profitable Chinese e-commerce company, has underlined the notion that Internet retail does not have to be a break-even game.
Posted on: Tue, 13 May 2014 19:52:16 +0000
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