"There's an elephant in the room," says David Einhorn at Ira Sohn, unveiling bearishness (but no...

|By:, SA News Editor

"There's an elephant in the room," says David Einhorn at Ira Sohn, unveiling bearishness (but no short of yet) on Amazon (AMZN). He wonders if it's really a better business than the companies it's taking a bite out of. "Operating profits haven't grown at all. They've taken $30B in profitless revenues from other retailers." (previous)