|Out-of-patience investors sell off Amazon|
|News - St Augustine Area & St Johns County|
NEW YORK — Amazon has long acted like an ideal customer on its own website: A freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos’ invest-and-expand strategy flooded into the stock as the company revolutionized shopping, upended the book industry and took on the cloud — even though its vast range of initiatives ate up all the company’s profits.
Read entire article: Out-of-patience investors sell off Amazon