Amazon posts $274 million quarterly loss, weighed down by LivingSocial

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Amazon.com’s third quarter financial results are out and it’s not looking good for the Seattle retailer. The company said net sales rose 27 percent to $13.81 billion in the third quarter. However, Amazon posted a net loss of $274 million, or a loss of 60 cents per share. That compared to analyst expectations of a… Read More…