NEW YORK (TheStreet) -- As predicted and as is often the case, Amazon.com (AMZN) stock continues to rebound nicely after its most recent earnings-related drop. If you're a swing trader, there's no such thing as a sure thing, however buying AMZN on a "crash" bucks the hysteria and comes pretty darn close:
But, even with its stock performance and consumer marketplace ubiquity, lots of people like to dog Amazon. And they'll seek out every last factoid to do so.
Google's (GOOG) wildly profitable; Amazon's not. We know this. Now somebody did the work to quantify it. Where does this leave us?
As of the most recent quarter, advertising accounted for 90% of Google's revenue. Granted that's down from 92% a year ago and the days of 96% and 97% thanks to, as Google puts it in the above-linked 10-Q, "growth of our digital content, such as apps, music and movies, and to a lesser extent, an increase in our hardware revenues." In other words, we're starting to make a little bit of money with Google Play, but not so much selling hardware or via Android. Though, to be fair, Android and related ventures presumably help generate advertising revenue.