Amazon.com may be hemorrhaging red ink, but at the same time the growth of its customer base is exploding. Its number of registered customers grew to 10.7 million from about 3.14 million a year earlier. So despite posting a $138 million (US$) loss last week — when it reported the results of its second quarter — its growth strategy is still firmly in place.
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Will Stockholders Tolerate Amazonian Losses?
Posted by: Chet Dembeck July 27, 1999 12:00 AMAmazon.com may be hemorrhaging red ink, but at the same time the growth of its customer base is exploding. Its number of registered customers grew to 10.7 million from about 3.14 million a year earlier. So despite posting a $138 million (US$) loss last week — when it reported the results of its second quarter — its growth strategy is still firmly in place.