Amazon and Jeff Bezos

Jeff Bezos: The worlds largest online retailer yesterday reported a second-quarter loss of $126 million, more than double what was predicted, even as sales climbed 23 percent to $19.3 billion. Expenses jumped 24 percent to $19.4 billion, according to Bloomberg. All of us understand making investments, and then theres a point where investors dont know what the payoff is, said Michael Pachter , an analyst at Wedbush Securities Inc. in Los Angeles , who predicted that Amazon would report a quarterly loss. What if they get to $200 billion in revenue and still dont have profit and Jeff Bezos is testing the patience of investors after Amazon.com Inc. missed analysts estimates for a second straight quarter, sending the shares tumbling almost 10 percent. Amazon remains one of the most highly valued companies in the U.S., yet the business is losing some of its sheen as profits are dragged down by investments that Bezos, the co-founder and chief executive officer, is making in cloud computing, warehouses and gadgets such as the new Fire smartphone. While shareholders have been patient, they re increasingly seeking signs that the long-term strategy will work. (news.financializer.com). As reported in the news.