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Article: Taking Stock of Amazon's Niche in the Book Jungle
- Article from:
- The Washington Post
- Article date:
- June 29, 2000
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Suppose Amazon.com became Amazon.gone?
Speculation? Perhaps. Founder Jeff Bezos--he of the disarming
charm and maniacal laugh, the darling of the digerati and the most
recent Time magazine Person of the Year--is still the emperor of e-
tailing. The Bezosian belief that a company's worth should be
measured by its growth and market share--and not by its profits--
inflated the increasingly leaky tech stock bubble.
But last Friday a couple of analysts lowered the boom on Bezos,
opining that Amazon ain't so amazin' after all. Ravi Suria of Lehman
Brothers raised a red, and well-read, flag. Amazon, he wrote in a
report, has "extremely weak and deteriorating" credit. Suria