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Stock impact report

A Warning To Seattle: Don't Become The Next Cleveland [zero hedge]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: zero hedge
A Warning To Seattle: Don't Become The Next Cleveland Authored by Charles Fitzgerald via GeekWire.com, Consider a successful mid-sized American city. One with decades of population growth. Median household incomes on par with or exceeding New York City. A bustling port in a prime location. Bold civic architecture. A vibrant arts and cultural scene. And home to some of the world’s biggest and most valuable companies. That could be Seattle. It also describes Cleveland about 75 years ago. In the 1950s, Cleveland was an epicenter for the era’s “Big Tech.” Industrial giants like Standard Oil, Republic Steel, and Sherwin Williams were all founded in Cleveland. Like engineering outposts in Seattle, other leading companies including General Motors, Westinghouse, and U.S. Steel were well represented locally. Yet Cleveland’s success unraveled remarkably quickly. Within 20 years, when the Cuyahoga River caught fire in 1969, the city was seared into history as “the mistake on the lake.” The popul Show less Read more
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