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Amazon Slips On $274M Quarterly Loss




Seattle-based e-commerce retailer Amazon.com slipped in the markets yesterday, dropping to $220.75 per share, after announcing a $274M loss on sales of $13.81 billion. The loss was its first in more than five years. The loss came from the firm's investment in LivingSocial, as well as a slowdown in Europe. The loss came despite a 27 percent rise in sales in the third quarter.

 

 

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