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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Glenn D. Rudolph who wrote (17634)	9/20/1998 4:00:00 PM
From: OtherChap	Read Replies (1) of 164684

>Indeed, in the course of a single weekend, Raghavan and his fellow >researchers produced a directory that had 600 topics, about a >quarter the number that Yahoo! currently has. So in a 8 days, Yahoo can be recreated for virtually no cost. "high barriers to entry" my butt. But at least Yahoo actually has a business model that comes close to making profits, whereas the truth is slowly leaking out that Amazon is losing tons of cash on every sale. The point at which Amazon stock will be in single digits will be the same day I can find a newbie investor who no longer thinks amazon is making millions of dollars a day in profits. Unfortunately, that myth still persists in EVERY PERSON i ever discuss the stock with, outside of the SI investor boards and financial circles. The sad fact is that a large majority of the small-fry investors buying those 100 share blocks have been led to believe that Amazon is turning a profit.

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