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ECT News Community   »   E-Commerce Times Talkback   »   Re: Disappearance of Books and Movies Shoves Amazon Into Tight Corner

Re: Disappearance of Books and Movies Shoves Amazon Into Tight Corner
Posted by: Erika Morphy 2009-04-14 15:29:28
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What is worse: to be accused of prejudice, or accused of incompetence? In the e-commerce world, where how well one safeguards one's customer data is paramount to any reputation, taking a hit on the latter is a bitter pill to swallow. That is better, though, than to be viewed as a company that would deliberately and stealthily delist gay-themed books and movies, among other materials, from its sales ranks, as Amazon was thought to have done this past weekend. There were numerous cases of books dropping from the sales rankings and even product search terms, according to media accounts.

AMZN stock losses in the wake of #amazonfail
Posted by: hbobrien 2009-04-14 15:37:13 In reply to: Erika Morphy
AMZN closed today at 77.22. This is down 2.55 since #amazonfail began, underperforming Dow, S&P, NASDAQ. Bezos is personally down $247.8 million.

Under most circumstances, it's difficult to pinpoint a specific cause/effect relationship, for the very reason of the statistical noise you mention. Stock movement happens without any particular action on the company's part. In this case, though, there *was* a specific action, and so far it has had specific results -- just shy of $1.1B of market cap.

Whether such large losses will lead to a shareholder lawsuit is anyone's guess.
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