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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 on Feb 4, 2002 - 19 comments

AOL gives pre-ICU infusion to Amazon. Jeff, baby. It's over. Your place as an e-commerce pioneer is secure, but face it, selling mass-market atoms on the Web was never going to work.
posted by ParisParamus on Jul 24, 2001 - 16 comments