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SAN FRANCISCO (Reuters) - Amazon.com Inc posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in after-hours trading. The online retail company reported a net loss of $126 million, or 27 cents per share, compared to a loss of $7 million, or 2 cents a share a year earlier. Amazon reported a 23 percent increase in revenue to $19.34 billion, in line with Wall Street's average prediction of $19.3 billion, according to Thomson Reuters I/B/E/S. ... more...


By Chuck Mikolajczak NEW YORK (Reuters) - In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of the Dow industrials, but if it were, it would be larger than two-thirds of that index's 30 members. "A 100-year-old company with real assets versus a company admittedly with virtual assets and they are trading at the same market cap – crazy," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. The speed of Facebook's rise to mega-cap status is what's notable. more...


Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. At that price, Facebook's market value is just short of $200 billion, putting the company in position to overtake IBM Corp as the fourth-largest U.S.-listed tech company. The top three are Apple Inc , Google Inc and Microsoft Corp . At $100, Facebook would be valued at more than $250 billion. more...


By Chris Francescani NEW YORK (Reuters) - A mobile app from a law enforcement technology firm could soon allow emergency responders from different agencies to communicate seamlessly with each other in a crisis for the first time, sharing files and conducting impromptu conference calls. BlueLine Grid's applications target what has long been one of the most vexing challenges facing U.S. law enforcement and emergency responders. β€œIt tells you who is near you, who can help you and allows you to communicate effectively with them,” said David Riker, chief executive officer of privately held BlueLine Grid. The app works on devices running on Google Inc's Android and Apple Inc's iOS operating system. more...


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