Fake profits are causing the stock market to descend.
February 4, 2002 6:37 PM Subscribe
Fake profits are causing the stock market to descend. Could someone explain to me the meaningful difference between Enron and Amazon.com?
One company recently reported fake profits of $5 million, while having billions in debt. Enron, well...no profits either, and billions in debt. So why is Amazon.com considered "promising"? Enron had a revenue stream too.... Prediction: Amazon.com's stock will be "revalued" sharply lower as people get lucid about real profits and as the accounting/profit scandals spread.
posted by ParisParamus (19 comments total)
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