[PGR88]

I saw an excellent article (wish I could find it again) explaining how all this tech craziness - Amazon’s invested capital basically equalling its total sales, with zero profits, Google’s expensive project for driverless cars, and now Facebook’s ridiculous purchase of WhatsApp - all the side effects of a pipeline of cheap money at zero interest rates from the FED.

[zeestephen]

I think Facebook issued stock, which essentially dilutes the share value for other shareholders.

[Jim from C-Town]

Amazon is an actual business that sells products. I simply marvel that this company was able to create and dominate on-line retail by starting to sell books. After all, it is not like Wal*Mart or Sears didn't grasp catalog sales, on-line retail is just catalog sales.

Amazon has not made consistent profit, but they have a valid business model and have decided to full bore invest in complimentary businesses.

Some of the tech companies just bewilder me as to how they have garnered such massive buyouts on what is quite a limited income stream or even usefulness.