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Amazon.com Inc.
Investors flee Amazon as losses mount
Investors flee Amazon as losses mount

Investors are losing patience with Jeff Bezos' game plan for Amazon.com Inc. Shares of the online retail giant sank 8.3% on Friday, driving its year-to-date stock value down 28%, after the company reported weak earnings Thursday and predicted a dismal holiday season. Since Amazon began in 1994, founder and Chief Executive Bezos has focused on category expansion, revenue growth and staving off competition — and not so much on profits, which have rarely exceeded the razor-thin. Long-term investors have done extremely well. Some have seen increases of several hundred percent as Bezos expanded far beyond retail into e-readers and tablet computers, cloud data storage, music and...

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