Shareholders are getting increasingly impatient with Amazon and its casual attitude toward profits. The company just delivered a disappointing earnings report that surprised the Street — even though Amazon warned in its last report that the third quarter would be grim.
The numbers, which we will get to in a moment, are almost beside the point. There are larger issues at stake as the shareholder disgruntlement against Amazon grows.
As its losses mount, will Amazon be forced to stop making myriad — and expensive — investments in other companies and technologies and settle down to business, namely its e-commerce empire?
Or will shareholders be proved wrong about their growing ire over Amazon’s investment spree?
Or, to put it in its most stark terms: will Jeff Bezos’ vision for the company, no matter how seemingly schizophrenic right now, be proved correct in the end?