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To: Glenn Petersen who wrote (291)10/26/2012 11:17:42 AM
From: Sr K  Read Replies (1) | Respond to of 480
 
For several quarters Amazon has been required to use equity-method accounting for its LivingSocial investment. It gets to report a loss of its equity percentage times the loss, which means the $169 million loss is mostly from other people's money.

Amazon said yesterday that its LivingSocial investment is now on its books at $90-something million.

That's not a "complete wipe-out."