|Bid||941.54 x 100|
|Ask||942.00 x 100|
|Day's Range||927.75 - 943.83|
|52 Week Range||727.54 - 988.25|
|PE Ratio (TTM)||31.82|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss Friday's GDP print of 2.6%, which came in right at expectations. Looking under the hood, there are some positives and some negatives.
After one of his lawyers mistook the name as “Cadaver,” the young CEO filed papers changing it to, you guessed it, Amazon—a name today that strikes fear in the hearts and minds of retailers everywhere, and stops traffic on Wall Street on a day like today when it reports earnings. Jeff Bezos, who currently has a net worth of approximately $90.9 billion (surpassing Bill Gates), came up with a business model so powerful that the largest retailers on the planet seem helpless as Amazon (AMZN) devours nearly everything in its path. In its infancy, the internet was a new communications medium, and Amazon initially was only a threat to book stores.
The search giant gives a cut of its revenues to outside ad partners. But why?