Is it truly going to happen in the near future or was it simply a brilliant marketing ploy?
On 60 Minutes this past Sunday Amazon.com CEO Jeff Bezos created a huge buzz when he revealed that Amazon is working on delivering goods by drone.
His target date? Perhaps as soon as 2015.
Amazon (NASDAQ:AMZN) is not a stock for value investors. With a market cap of $180 billion and exactly no earnings it is the ultimate valuation based on faith.
Faith in big profits somewhere in the future.
Here is the full video with Bezos:
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