Around the Net
Twitch Purchase And Poor Fire Sales Lead To Widening Amazon Losses
- Marketing, Monday, October 27, 2014 8:46 AM
Amazon has reported a third-quarter net loss of $437m, compared to a loss of $41m in the same period last year, with its $1bn acquisition of video game streaming site Twitch and lackluster sales of its Fire phone contributing to its poor performance. Its performance continues to frustrate investors and analysts wondering when revenue growth will translate to profit.
