Einhorn Says Amazon’s Future a ‘Riddle’ as Profit Lags Sales
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Greenlight Capital Inc. co-founder David Einhorn said Amazon.com Inc.’s future is a “riddle” because the world’s largest online retailer hasn’t shown it can increase profit in tandem with sales.
Einhorn made the remarks about Amazon today at the Sohn Investment Conference in New York. The Seattle-based company’s full-year sales have more than doubled since 2008, while operating income is up 2.4 percent in the same period.