Amazon.com's Daily Dose Of Reality
By Paulo Santos:Amazon.com (AMZN), the amazing Teflon stock that trades at more than three times Facebook's (FB) earnings multiple in spite of having declining earnings and having seen its estimates for the present quarter slashed by 90%, just had a couple more pieces of interesting and relevant news.
Microsoft (MSFT) slashed Azure pricing per transaction by 90%
Microsoft Azure, an Amazon.com AWS competitor, slashed its pricing per transaction by 90%, to $0.01 per 100,000 transactions. It seems other companies can play at Amazon.com's loss leader game too. Companies, I must add, with a lot more cash to burn.As is in Amazon.com's character, one should expect that soon enough Amazon will announce price cuts of its own to match Microsoft's.
FedEx (FDX) increases shipping rates by 6.9%, from July 9
FedEx just announced another pricing increase. This is somewhat surprising as we've been seeing lower crude prices recently. This increase isn't structuredComplete Story »