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Ballmer Says Amazon Isn't a "Real Business"

Slashdot -

theodp writes According to Steve Ballmer, Amazon.com is not a real business. "They make no money," Ballmer said on the Charlie Rose Show. "In my world, you're not a real business until you make some money. I have a hard time with businesses that don't make money at some point." Ballmer's comments come as Amazon posted a $437 million loss for the third quarter, disappointing Wall Street. "If you are worth $150 billion," Ballmer added, "eventually somebody thinks you're going to make $15 billion pre-tax. They make about zero, and there's a big gap between zero and 15." Fired-up as ever, LA Clippers owner Ballmer's diss comes after fellow NBA owner Mark Cuban similarly slammed IBM, saying Big Blue is no longer a tech company (Robert X. Cringely seems to concur). "Today, they [IBM] specialize in financial engineering," Cuban told CNBC after IBM posted another disappointing quarter. "They're no longer a tech company, they are an amalgamation of different companies that they are trying to arb[itrage] on Wall Street, and I'm not a fan of that at all."

Read more of this story at Slashdot.

A Swedish Defense Farce: What Submarine in Sweden?

Socialism OnLine! -

URL: http://www.counterpunch.org/2014/10/22/what-submarine-in-sweden/

A Swedish Defense Farce: What Submarine in Sweden? "You have heard that Sweden is hunting a ”submarine” and that it is ”presumed to be Russian”...There are only three problems with this..."

Topic(s): Geography:  Vote Up/Down


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