Well, late last week the Washington Post told us that:
It was the sixth consecutive quarter the company showed a decline in profit, sending the company's stock price down 22 percent Wednesday in Nasdaq trading.Indeed, the one year stock chart for Amazon doesn't look good at all:
The article also tells us that, instead of narrowing its focus, Amazon is entering the grocery and movie businesses.
Amazon has a great name and built a great brand when it stood for "online books". Now I fear the warnings of Ries and Ries are coming true.