The good news, if you're Amazon? You just sold £38.75 billion worth of stuff in 2012. That's roughly the GDP of Croatia! The less good for you but pretty funny for everyone else news? You somehow lost £25 million doing it. Business! Read More >>
If you thought Amazon's prices seemed too good to be true, well, it turns out they might be—for Amazon, at least. The company managed to turn $13.8 (£8.5) billion of revenue into a $274 (£170) million loss this past quarter. And while a big chunk of that was due to losses at LivingSocial and foreign-exchange rates, all is clearly not well on Mount Bezos. Read More >>