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The stock is down from when it was up, but it's still up from when it was down!! In all seriousness, 8-10% is a big move, but definitely not "seismic", especia

The stock is down from when it was up, but it's still up from when it was down!! In all seriousness, 8-10% is a big move, but definitely not "seismic", especially after an earnings release. Apple went up that much yesterday. Today YELP fell 8% and TWTR fell over 7%.

r00fus 12y ago
It's not the move per-se, just that AMZN has previously been impervious to (or even benefited from) unprofitable quarters and missed wall st. estimates. Unless there's another reason for this sell-off, it means perhaps Amazon's teflon-coating when it comes to it's profit-aversion might be wearing a bit thin. That's a shift.
- spacehome 12y ago
  Earnings don't miss estimates; estimates miss earnings.
  - wpietri 12y ago
    Possibly the most ignored fact in finance and management.
jeffers_hanging 12y ago
Seismic shift inside Amazon. S-team now emphasizing making money on the previous "strategic" projects. Dismissing directors and restructuring projects currently scored unprofitable. Project I was worked on is reevaluated to maybe not launch. Other project worked on replaced management team and using new engineering teams from Bangalore and Chennai.