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April 28, 2003

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Amazon sales reach $1 billion:

Amazon sales reach $1 billion: "The company yesterday said first-quarter revenue rose to $1.08 billion, a 28 percent increase over the same period last year. The surge was spurred by free shipping on orders of more than $25 and discounts on books, electronics and other items. Amazon's net loss was $10.1 million, or 3 cents per share, compared with $23.2 million, or 6 cents per share, a year ago."
$1 billion in sales... and they still can't make a profit. How much more of a lousy businessman can you be?

Posted by madman at April 28, 2003 9:47 AM