John Paczkowski in News on October 23, 2009 at 2:59 pm PT
$118.49. That’s the price at which Amazon shares closed Friday, a day after the company reported a 69 percent jump in third-quarter profit and a 28 percent gain in revenue. It was a new 52-week high and the stock’s best since December 1999, when it hit $106.68. Which is saying something. Because as you might recall, in 1999, Nasdaq was soaring on the back of the dot-com bubble to levels never before seen.
John Paczkowski in News on October 22, 2009 at 1:04 pm PT
According to comScore, Web traffic to Amazon in the U.S. rose 14.8 percent, far outstripping that of overall U.S. Internet traffic, which grew just 3.5 percent. “It appears that Amazon is gaining share the old-fashioned way,” ThinkEquity analyst Ed Weller noted last week, “by acquiring more and more customers…and selling more to each of them.” Judging from the nice gain in third-quarter earnings the company posted after Thursday’s closing bell, that would seem to be the case.
John Paczkowski in News on October 22, 2009 at 1:04 pm PT
According to comScore, Web traffic to Amazon in the U.S. rose 14.8 percent, far outstripping that of overall U.S. Internet traffic, which grew just 3.5 percent. “It appears that Amazon is gaining share the old-fashioned way,” ThinkEquity analyst Ed Weller noted last week, “by acquiring more and more customers…and selling more to each of them.” Judging from the nice gain in third-quarter earnings the company posted after Thursday’s closing bell, that would seem to be the case.
John Paczkowski in News on October 21, 2009 at 10:01 am PT
Here’s an interesting Windows 7 stat as we near the operating system’s official release: It’s Amazon U.K.’s biggest pre-ordered product of all time. In fact, the online retailer has received more pre-orders for Windows 7 than it did for J.K. Rowling’s final “Harry Potter” book.
John Paczkowski in News on August 26, 2009 at 1:07 pm PT
The Open Book Alliance–or “Sour Grapes Alliance,” as Google likes to call it–formally launched Wednesday afternoon, debuting a new Web site, as well as the manifesto with which it is challenging Google’s settlement with authors and publishers.
John Paczkowski in News on August 21, 2009 at 4:30 am PT
As the Google Book Search Settlement nears a Sept. 4 deadline for rights-holders to opt out of the deal, some powerful interests are rallying to oppose it. Rallied by the Internet Archive and veteran Silicon Valley antitrust lawyer Gary Reback, Amazon, Microsoft, Yahoo and others are forming a coalition called the Open Book Alliance. Its purpose: To make the case to an already concerned Justice Department that the $125 million settlement is anticompetitive.
John Paczkowski in News on July 30, 2009 at 4:17 pm PT
Amazon CEO Jeff Bezos’s hair-shirt apology for Kindlegate was a nice gesture, but it didn’t go over particularly well with Justin Gawronski, a Michigan high school senior who lost his homework when the retailer remotely deleted a copy of George Orwell’s “Nineteen Eighty-Four” from his Kindle earlier this month. He’s filed a class action suit against Amazon seeking to prevent it from deleting books from Kindles in the future.
John Paczkowski in News on July 22, 2009 at 2:37 pm PT
If eBay shares were to be listed among the company’s other auctions, buyer feedback would more likely be negative than not. Hurt by the souring economy and increased competition, eBay reported its third consecutive earnings decline Wednesday.
John Paczkowski in News on July 22, 2009 at 1:40 pm PT
Well, this is unexpected. Amazon has agreed to purchase online shoe retailer Zappos.com in a deal valued at about $850 million. Under its terms, the retailer will acquire all outstanding Zappos shares in exchange for roughly 10 million shares of Amazon common stock, valued at about $807 million, and some $40 million in cash and restricted stock. If the shoe fits, right?
John Paczkowski in News on July 22, 2009 at 1:40 pm PT
Well, this is unexpected. Amazon has agreed to purchase online shoe retailer Zappos.com in a deal valued at about $850 million. Under its terms, the retailer will acquire all outstanding Zappos shares in exchange for roughly 10 million shares of Amazon common stock, valued at about $807 million, and some $40 million in cash and restricted stock. If the shoe fits, right?
