Amazon stock plunges as loss widens

New York (AFP) - Amazon said Thursday its loss in the last quarter widened to $437 million after a series of product launches including new phones, tablets and television programs.

The online retail giant, which is known for prioritizing investment over profits, nonetheless produced a disappointing quarterly report which sent its stock price tumbling.

Amazon shares sank 10.5 percent to $280.32 in after-hours trade following the report .... http://news.yahoo.com