Amazon's heavy investing eats into bottom line

Jul 25, 2014, 1:45 AM EDT
Amazon.com founder and CEO Jeff Bezos presents the company's first smartphone, the Fire Phone, on June 18, 2014 in Seattle, Washington.
AFP/Getty Images

Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Amazon's stock price has dropped 10 percent so far in 2014, with investors leery of betting on its long-term growth at the expense of little to no profit.
Background:
Amazon's heavy investing eats into bottom line, shares drop [Reuters]
Amazon shares tank after big Q2 loss [USA Today]

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