Amazin' Amazon Continues To Trouble Traditional Bricks And Mortar Operators: Analysis
When, earlier this week, Facebook saw around $120 billion wiped off the value of its shares, the lofty New York Times suggested that faith in tech firms' 'invincibility' was on tenterhooks.
Nobody, however, thought to tell Jeff Bezos at Amazon.
The Seattle-based online giant posted a 39% increase in second quarter sales, to $52.9 billion last Thursday, with operating income rising to £3 billion, up from $628 million in the same quarter last year.
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