Amazon (AMZN) Stock Blows Off Worker, Competitive Concerns

If you don't watch stock charts you would probably think Amazon (NASDAQ: AMZN) has had a rough week.

First, there was scathing New York Times article discussing work conditions at the company.

At Amazon, workers are encouraged to tear apart one another’s ideas in meetings, toil long and late (emails arrive past midnight, followed by text messages asking why they were not answered), and held to standards that the company boasts are “unreasonably high.” The internal phone directory instructs colleagues on how to send secret feedback to one another’s bosses. Employees say it is frequently used to sabotage others. (The tool offers sample texts, including this: “I felt concerned about his inflexibility and openly complaining about minor tasks.”)

Next, Liberty Interactive's QVC Group (Nasdaq: QVCA) agreed to acquire zulily, inc. (Nasdaq: ZU), which will help it compete against Amazon.

"... we believe offering consumers differentiated merchandise is one of the keys to competing against Amazon.com for the future of retail," Brean Capital analyst Tom Forte said in a note to clients.

So, how has the stock done so far this week? It's up fractionally.

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