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Amazon's (AMZN +7.9%) Q2 results helped Groupon (GRPN +14.8%) in more ways than one. Found...

Amazon's (AMZN +7.9%) Q2 results helped Groupon (GRPN +14.8%) in more ways than one. Found within Amazon's 10-Q for the quarter is the news that top Groupon rival LivingSocial, in which Amazon has a 31% stake, posted Q2 revenue of $138M (+133% Y/Y), and an operating loss of $96M. Groupon is currently expected to generate Q2 revenue of $578M, and an operating profit of $73M. (more on AMZN) (transcript)
Comments (1)
  • Watch insider sales. Amzn speaks glorious of the company, stock skyrockets, they sell, then repost not so good info, stock tanks, they buy. When will the market stop manipulating this stock?
    28 Jul 2012, 07:03 AM Reply Like
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