Amazon reported sales continue to rise in the second quarter, but its net loss jumped to $126 million compared to a net loss of $7 million for the same quarter last year. The numbers surprised Wall Street analysts and prompted some observers to comment that investors are losing faith that growing top-line revenues without profit is a good investment strategy. Amazon has long confounded market analysts and investors as it has posted high stock prices and high sales but no profit.

One report questions that Amazon’s squeezing of Hachette and other publishers over pricing and margin, and limiting access to publisher titles through the retailer’s website is more about stanching the money hemorrhage through extortion than purported benefits to customers.

See Forbe’s write-up.