Amazon shares are getting slammed amid heavy trading volume on Friday after the ecommerce retailer reported lukewarm earnings.
It has been a brutal 2014 for the company’s stock. Investors sent shares 9% lower in the first hour of trading on Friday, extending 2014 losses to 22.8%.
The company reported earnings Thursday afternoon that met investor expectations. Revenue continues to grow at a rapid pace, but that has not translated into significant profit growth.
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Via: Mashable: Business