Amazon Somehow Lost $274 Million Selling $13.8 Billion Worth of Stuff

If you thought Amazon's prices seemed too good to be true, well, it turns out they might be—for Amazon, at least. The company managed to turn $13.8 billion of revenue into a $274 million loss this past quarter. And while a big chunk of that was due to losses at LivingSocial and foreign-exchange rates, all is clearly not well on Mount Bezos. More »