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Amazon posts bigger-than-expected loss

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Taylor Winkel

Amazon today said it lost $437 million during the third quarter, somewhat larger than analysts had expected. Are investors getting tired of the company's big investments in new lines of business as well as existing areas? GeekWire's John Cook notes that the company's shares have fallen 21 percent since the start of the year. But there's also the famous Jeff Bezos patience in looking ahead — which is no secret to those who invest in the company. As Yahoo Finance's Henry Blodget, a longtime investor in Amazon, puts it, “If the stock moves sideways for three to five years as they develop these big opportunities, that’s fine with them.”

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Taylor Winkel

By Taylor Winkel

Taylor Winkel is a Journalism and Political Science student at the University of Washington. Follow her on Twitter: @twinkelnews. She can be emailed at Taylor.Winkel@crosscut.com.