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After Earnings Miss, Wall Street Cools on Amazon Just a Bit

Peter Kafka covers media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.

Wall Street’s year-long love affair with Amazon cooled just a bit today. Shares are down by about 10 percent after the e-commerce giant reported revenue, earnings and guidance that were all below consensus expectations. Important side note: Since Amazon gives investors very little help, terms like “consensus expectations” are woefully vague, as this Fortune story illustrates.

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