Amazon Can Do No Right On Wall Street
from the lost-that-magic-touch dept
It’s funny what a fickle friend Wall Street can be. Amazon.com used to be a star on Wall Street, even if no one could figure out why. However, they kept growing and growing their market share (who cares about profits?!?) and Wall Street loved it. Then, suddenly, profits became important. So, what did Amazon do? They screeched their growth plans to a halt and started to focus on profits. Now that they’re getting near that goal, Wall Street is suddenly complaining that the growth is gone. Apparently, Amazon can do nothing to please Wall Street these days.
