The Financial Page had Amazon's critics misunderstand the books

Amazon’s New Fees on Sellers Likened to 'Kick in the Gut' Earlier this year, the e-commerce giant rolled out changes to the fees its charges them. The changes essentially shifted more of its operating costs to the merchants. Amazon.com Inc. merchants have found themselves caught in an economic vice.

Talk story about the valuation of Amazon.com, based on its long-term investment strategy, comparing it to Wal-Mart... Judging from the financial media, …