SEATTLE (Washington): Amazon.com Inc shares have dropped to levels not seen since March on concern that big spending and aggressive pricing by the No 1 Internet retailer will hit profit during the crucial holiday season and well into next year.
The shares slipped 30 cents (90sen) to close at US$180.21 (RM540.63) on Wednesday, but touched US$170.25 (RM510.75) earlier in the day. That put the stock at the lowest level since late March and left it in negative territory for the year.
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