today’s victim is Amazon.com, Inc.(Public, NASDAQ:AMZN)
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Jan. 30 (Bloomberg) — Amazon.com Inc., the world’s largest Internet retailer, said fourth-quarter profit more than doubled on higher holiday sales of electronics, video games and toys.
The shares fell in late U.S. trading after it forecast full-year operating income that trailed analysts’ estimates.
Net income climbed to $207 million, or 48 cents a share, from $98 million, or 23 cents, a year earlier, Seattle-based Amazon.com said today in a statement. Revenue increased 42 percent to $5.67 billion.
Amazon.com said last month the 2007 holiday season was its “best ever,” helped by sales of DVD players, GPS systems and games for Nintendo Co.’s Wii console. The company is expanding beyond sales of books and DVDs by adding more product categories and taking market share from EBay Inc. by giving outside sellers a place to hawk their goods.