Amazon Remains Focused on Long-Term Growth

Amazon reported a $41 million loss for the third quarter of 2013, as the company continues to sacrifice short-terms profits in favour of long-term growth. The Seattle-based e-commerce giant continues to invest heavily into warehouses, cloud services and its Kindle business as it strives to become a diversified online business competing with the likes of Apple, Google or Microsoft. Amazon posted net revenue of $17.09 billion, a 24 percent increase over last year’s third quarter.

Amazon’s shareholders remain remarkably trustful of CEO Jeff Bezos’ long-term vision. Despite the lack of profits, the company's stock price continues to climb, putting Amazon among the most valuable companies in the world at a current valuation above $150 billion.



Infographic: Amazon Remains Focused on Long-Term Growth | Statista
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