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July 25, 2014

Amazon shares fall on 2Q loss

SEATTLE (AP) — Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a larger than expected second quarter loss as expenses outpaced a surge in revenue.

Amazon has long focused on spending the money it makes to grow and expand into new areas. The company introduced a smartphone due out this week, for instance, expanded Sunday deliveries and recently began offering a set-top video streaming box.


 
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