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Amazon's shares fell 10% last night, following news of its second quarter loss. Retail Week asks if it is time for Amazon to start focusing on profits?
More than $16bn (£9.4bn) was shaved off its value when the online giant reported a net loss of $126m (£74.2m) in the second quarter to June 30.
The loss was Amazon's largest in a quarter for almost two years, after it invested heavily in new technologies and logistics such as Prime Music, Sunday delivery and its first smartphone, Kindle Fire, during the quarter.
The resulting share plummet is a clear indication that investors are getting...