Summary the content into bullet point Essay Example | Topics and Well Written Essays - 250 words

Summary the content into bullet point - Essay Example During the second quarter, Amazon recorded a loss of 27 cents per share that is equivalent to $126 million in net loss. The loss of higher than that recorded during the first quarter, $7 million that is equivalent to 2 cents per share loss. Although Tom Szkutak, Amazon’s Chief Financial Officer, maintains that the company will continue to invest, it is recording losses in shares and drop in its stock price. Amazon is currently investing in innovative products including digital content and trading in consumer electronics. Its current investments are intended to compete other companies such as Apple Inc and Google Inc. On Thursday, 24 July 201, Amazon also experienced a fall in shares by 10 percent in late trade and a 27 cents loss per share. Seetharaman, Deepa and Orr, Bernard. Amazons heavy investing eats into bottom line, shares drop. Reuters. Web. Thu, Jul 24, 2014. Accessed Thu, Jul 24, 2014.