KPFL-NZ latest Binary Update: Amazon is Doing Badly this Year and it's Showing

IQ Options Your No 1 Binary Options Broker.

Sign up NOW and Recieve 100% first deposit Bonus 

Amazon is Doing Badly this Year and it's Showin

Shares of Amazon (AMZN, Tech30) fell more than 8% Friday as the market has decided it wouldn't touch the stock with a thirty-nine and a half foot pole. And it's been that way all year.

The stock is now down 28% in 2014, making it the worst performer in the Tech 30 index. (Mobile chip company ARM Holding (ARMH, Tech30) had been the biggest loser before Friday.)

The huge loss in the third quarter is troubling enough. It's a sign that not all of Amazon's big investments are paying off. The Fire Phone, which Amazon hyped to death because it was a 3-D smartphone, has been an unmitigated flop.

But it's even more alarming that Amazon's fourth quarter sales projections are worse than expected.

Amazon, like all retailers, live and die by holiday shopping. If Amazon has a lousy fourth quarter, it's hard to make a compelling case for why the stock could go much higher anytime soon.

Amazon Lost Around $3billion Recently

Amazon, the US retail giant, has revealed it’s lost nearly $500m in the past three months, the largest amount in its history.

Jeff Bezos, Amazon’s chief executive and founder, has authorized the company to spend tens of millions of dollars developing drones, which could form the backbone of a new delivery network, and much more on new servers for Amazon Web Services, its online data storage business.

In the past, Amazon’s investors have been patient with Mr Bezos’ strategy, on the basis that any money it spends on growing its market share now will lead to riches down the line, on a par with Apple and Google which make billions of dollars every quarter.

However, Amazon’s losses have widened, stretching their patience to breaking point.

Check out all of KPFL -NZ latest Binary Stock and Indices updates, news and information or check out the website http://kiwiprofitforlife.com