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Amazon Rocking – No, Not the Forest

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Our buds at Amazon show a quarterly profit for the second time:

    Amazon’s performance, and the rebound in its stock price since last summer, might surprise those who assumed Internet companies were better left for dead after the dot-com implosion. But analysts say Amazon and a core group of Internet companies, including eBay Inc., Expedia Inc. and Yahoo Inc., have built what look like workable long-term businesses for the Internet era.

    “We’ve seen the worst of the shakeout” of companies that were long on hype and short on profit, said stock analyst David Kathman, who follows Amazon and eBay for Morningstar Inc. in Chicago. “Now there are some behemoths starting to emerge.” [Washington Post]

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About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: Twitter@amhaunted, Facebook.com/amhaunted, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.