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Jul 25, 2014

Analysis – Amazon’s far-reaching ambitions, lack of profits, unnerve investors

SAN FRANCISCO (Reuters) – Amazon.com Inc’s (AMZN.O: Quote, Profile, Research) message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits.

Jul 25, 2014

Amazon’s far-reaching ambitions, lack of profits, unnerve investors

SAN FRANCISCO (Reuters) – Amazon.com Inc’s message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested.

Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits.

Jul 25, 2014

Amazon’s heavy investing eats into bottom line, shares drop

SAN FRANCISCO (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.

Amazon’s stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit.

Jul 24, 2014

Amazon’s losses widen, shares drop

SAN FRANCISCO (Reuters) – Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.

Shares of Amazon have slid 10 percent so far in 2014, as investors grow increasingly leery of betting on potentially rapid long-term growth at the expense of little to no profit.

Jul 23, 2014

StubHub was victim of cyber fraud ring; arrests to be announced

SEATTLE/BOSTON (Reuters) – eBay Inc’s StubHub online ticket resale service said it was the victim of a massive international cyber fraud ring, the details of which authorities plan to disclose on Wednesday as they announce arrests in the case.

StubHub’s head of global communications, Glenn Lehrman, told Reuters late on Tuesday that his firm has been working with law enforcement around the world for the last year on the case.

Jul 18, 2014

Amazon starts Netflix-style book service amid publisher spat

NEW YORK (Reuters) – Amazon.com Inc launched a $9.99-per-month subscription service on Friday that lets customers read as much as they choose from its library of more than 600,000 digital books.

Subscribers to the Kindle Unlimited service can read e-books, including “The Hunger Games” and “Life of Pi,” on Amazon’s Kindle e-reader or any device with a Kindle app. Subscribers also have access to thousands of audio books. The launch of Kindle Unlimited comes as Amazon remains mired in a months-long contract dispute with the No. 4 U.S. publisher Hachette Book Group, owned by France’s Lagardere, over how to price e-books. Amazon is also in talks about digital book pricing with Simon & Schuster, owned by CBS Corp.

Jul 17, 2014

Alibaba now eyes September for U.S. mega-IPO: source

NEW YORK (Reuters) – Alibaba Group Holding Inc has pushed its highly anticipated IPO until after the September Labor Day holiday, a source with knowledge of the matter said, as the Chinese online retail company works through the complex process of launching what could the largest-ever U.S. tech debut.

Alibaba, which had targeted an August float, now plans to begin its investor roadshow and price its shares in September, the source said on condition of anonymity because the IPO process was private.

Jul 8, 2014

Amazon courts Hachette authors by proposing they keep e-book revenue

SAN FRANCISCO (Reuters) – Amazon.com Inc proposed that Hachette Book Group authors keep 100 percent of revenue from e-book sales while the two sides work through a thorny contract dispute that has kept some of the publisher’s books off Amazon’s website for months.

That offer was rebuffed by Hachette, the fourth largest U.S. book publisher owned by France’s Lagardere, according to a statement shared with the Wall Street Journal. In its own statement, Amazon countered with “We call baloney.”

Jul 2, 2014

‘Disappointed’ Amazon fights FTC over mobile in-app buys

SAN FRANCISCO (Reuters) – Amazon.com Inc is fighting U.S. regulators’ demands that it pay a penalty over its policies on purchases made by children on smartphone applications, according to documents seen by Reuters.

Amazon, the largest U.S. online retailer, faces a potential lawsuit from the Federal Trade Commission, which wants the company to enter into a settlement similar to the one reached with rival Apple Inc in January.

Jun 24, 2014

Startup Stripe, China’s Alipay strike payments agreement

SAN FRANCISCO (Reuters) – Startup Stripe and China’s Alipay have struck a deal to allow Chinese buyers to pay for purchases on the U.S. service, in a rare agreement between a Western payments service and the Alibaba affiliate.

Alipay, once part of Chinese e-commerce giant Alibaba before it was split off, handles about half of all online transactions in China. Stripe said the deal will let its own customers more easily handle purchases from the world’s second largest economy.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
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