Internet Commerce — Hot Cakes and Dead Ducks
Amazon.com is the world’s biggest bookshop and is one of the hottest stocks on the US stock market — its sales for the third quarter of 1998 were US$153.7 million (a 306% increase over the corresponding quarter of the previous year) and its profit was negative — a loss of US$21.0 million. In each of the four years since its foundation in 1995 it has returned a loss.
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