““Amazon did not meet earnings expectations of $1.42 per share, not even close. … Investors…”

“Amazon did not meet earnings expectations of $1.42 per share, not even close. … Investors would normally be angry over such a miss. Instead the market mostly shrugged. …

Why are these weird things happening? Perhaps because the market has finally started to regard Amazon as a monopoly.

Amazon just proved—again—that it can do whatever the hell it wants

This is the major cultural chasm between Wall Street and Silicon Valley: Wall Street doesn’t understand why everyone isn’t dying to go public, Silicon Valley doesn’t understand why anyone would want to go public. To Wall Street an IPO is success; to the Valley it’s a necessary evil.