Just about a year ago, in the crater that was the stock market, shares of Amazon were $35. After a bang-up third quarter, Amazon shares now trade at $119. That is a moon-shot of 240%.
The e-reader market is diversifying, and people who want devices to display digital books now have several choices: Amazon's Kindle, Sony's Reader and, as of last week, Barnes & Noble's Nook.
It's beginning to look a lot like Christmas in October for online retailing stocks. Christmas 1999, that is.
Shares of Amazon.com surged to an all-time high Friday as investors bet that the online retailer would dominate e-commerce as shell-shocked consumers gradually begin spending again.
It may not have won the book price war (yet), but Amazon defeated Wall Street expectations on Thursday, reporting a 69% surge in third-quarter profit, led by strong sales of its Kindle e-reader.
Amazon is cutting the price of its Kindle e-book reader in the U.S. and launching a version that can be used worldwide, the company said Wednesday.
Amazon.com has reached an agreement to purchase Zappos.com, the online retailer known for its selection of shoes, for $807 million, according to a statement released Wednesday.
A battle is brewing over U.S. state sales taxes on online purchases. Internet retailers Amazon.com and Overstock.com are scaling back their operations in states that demand they collect these taxes. While this won't dent their revenues much, it foreshadows a larger clash over the taxation of internet commerce. Cash-strapped states are firing the first shots.
On a bright May morning Jeffrey Bezos descended from atop Mount Seattle unto the press corps. He appeared casually on stage in a standing-room-only theater in New York City. Like another messenger of long ago, he carried a tablet. And he said unto the people: "Ladies and gentlemen, I'm excited to introduce Kindle DX." Keyboards tapped. Shutters clicked. And as the Amazon founder and CEO turned a 9.7-inch display toward the masses, they saw an inscription: The New York Times.
The question of whether Amazon's Kindle will overhaul the news industry in the same way it has already begun to shake up book publishing may soon be answered.
Just about a year ago, in the crater that was the stock market, shares of Amazon were $35. After a bang-up third quarter, Amazon shares now trade at $119. That is a moon-shot of 240%.
The e-reader market is diversifying, and people who want devices to display digital books now have several choices: Amazon's Kindle, Sony's Reader and, as of last week, Barnes & Noble's Nook.
It's beginning to look a lot like Christmas in October for online retailing stocks. Christmas 1999, that is.
Shares of Amazon.com surged to an all-time high Friday as investors bet that the online retailer would dominate e-commerce as shell-shocked consumers gradually begin spending again.
It may not have won the book price war (yet), but Amazon defeated Wall Street expectations on Thursday, reporting a 69% surge in third-quarter profit, led by strong sales of its Kindle e-reader.
Amazon is cutting the price of its Kindle e-book reader in the U.S. and launching a version that can be used worldwide, the company said Wednesday.
Amazon.com has reached an agreement to purchase Zappos.com, the online retailer known for its selection of shoes, for $807 million, according to a statement released Wednesday.
A battle is brewing over U.S. state sales taxes on online purchases. Internet retailers Amazon.com and Overstock.com are scaling back their operations in states that demand they collect these taxes. While this won't dent their revenues much, it foreshadows a larger clash over the taxation of internet commerce. Cash-strapped states are firing the first shots.
On a bright May morning Jeffrey Bezos descended from atop Mount Seattle unto the press corps. He appeared casually on stage in a standing-room-only theater in New York City. Like another messenger of long ago, he carried a tablet. And he said unto the people: "Ladies and gentlemen, I'm excited to introduce Kindle DX." Keyboards tapped. Shutters clicked. And as the Amazon founder and CEO turned a 9.7-inch display toward the masses, they saw an inscription: The New York Times.
The question of whether Amazon's Kindle will overhaul the news industry in the same way it has already begun to shake up book publishing may soon be answered.
Online retailer Amazon has said a system error caused it to remove a number of gay and lesbian-themed books from its sales charts.
The tech world loves a good prank. Today is the day when the world's propeller heads show us what they've cooked up in their secret April Fool's labs and it turns out that the funniest "gotchas" circulating online happen to come from companies that typically don't have much of a sense of humor at all.
Amazon Inc. reported Thursday fourth-quarter earnings and revenue that beat Wall Street expectations despite a difficult environment for retail sales.
Amazon.com Inc. said Wednesday that its profit climbed 48 percent in the third quarter, but the company reduced its full-year sales outlook, showing that the online retailer cannot escape the weak economy
Amazon.com Inc. showed that it wasn't being hurt by economic weakness and high fuel prices
It's no secret that the economy is in a slump, and that Americans are keeping a closer eye on how much they spend.
Still haven't finished buying all the gifts you need for the holidays? If so, odds are you may be rushing to Amazon.com for those last minute presents.
Amazon.com Inc. reported healthy increases in third-quarter sales and earnings that beat analysts' expectations fueled by competitive prices and free shipping.
If you're thinking about buying hand tools for that lucky lady in your life -- or if that lady is you -- the home-improvement industry is clamoring to sell the long-neglected do-it-herselfer lightweight hammers and hacksaws with ergonomic grips.
Amazon.com Inc. has opened its payment system to other Web sites in a move that would pit it against eBay Inc's PayPal.
Worries about credit markets and the housing sector derailed stocks for the second straight session, even amid strong corporate earnings from Amazon.com and Boeing.
Upbeat earnings from Amazon.com and Boeing helped stocks bounce back Wednesday from the previous session's selloff, but gains were tempered by a disappointing reading on home sales.
Stocks struggle to stay higher following a mixed existing home sales reading Wednesday, despite upbeat earnings from Amazon.com and Boeing.
Stocks rebounded Wednesday from sharp selloff just a day earlier as investors embraced strong earnings from Amazon.com and planemaker Boeing.
In the wake of Amazon.com's rousing first quarter--profits of $111 million, up 115% from last year--it seems relevant to look back on an article this writer reported seven years ago (Fortune, May 1...
Blue chips dipped Friday morning, one day after the Dow hit a record trading high, while the broader market was mixed, as investors focused on the positives in the January jobs reading and the negatives in Amazon.com's earnings report.
Amazon.com Thursday said profits fell for the critical holiday selling season, but the numbers still beat Wall Street forecasts.
If gift-giving was easy, everyone would get the holiday presents they wanted and no one would have to stand in line to return unwanted merchandise in the last days of December.
Stocks slipped at the open Wednesday, as investors looked past the morning's mostly upbeat spate of earnings and focused on Amazon.com's disappointing results and bet that the previous session's advance couldn't last.
Amazon.com Inc. said Tuesday sales jumped 22 percent in the latest quarter but the online retailer's earnings fell short of Wall Street targets after it severed its contract with Toysrus.com and increased spending on technology.
Online retailer Amazon.com announced Wednesday the opening of its new toy and baby stores, after severing its contract with Toysrus.com.
Online retailer Amazon.com faces the possibility of no longer having the rights to its "one-click" shopping feature now that it faces a re-examination of its original patent, according to a report published Thursday.
You can already buy just about anything from Amazon.com. But now, TechCrunch reports, you can buy space on Amazon.com's servers. Unlike Google's Gdrive, though, Amazon's online-storage offering isn't meant for consumers. Amazon, whose servers already host terabytes of book-cover images, music-CD reviews and sales data, is offering online storage space to companies who want to store their own data. The new service could make it easier for startups to build new services without worrying about buying and maintaining their own storage servers, writes former Goldman Sachs analyst Michael Parekh on his blog.
Retailer Toys 'R' Us said Thursday that it has prevailed in its long-standing legal dispute with Amazon.com and that a verdict expected later in the day will allow it to dissolve a partnership with Amazon and set up its own Web site.
A venture capital firm known for being an early investor in such companies as Amazon.com, Google and Genetech is creating a $200 million pandemic and bio defense fund to invest in new firms in that field.
Stocks slumped Friday, falling for the second session, as investors eyed Amazon.com's disappointing results, higher oil prices and inflationary signs in the January jobs report.
Capping a tough week for tech stocks, Amazon.com's closely watched fourth-quarter earnings failed to impress Wall Street, even though its earnings beat the analysts' consensus estimate. Revenue of just under $3 billion fell about $100 million short of expectations.
Amazon.com wants your short stories.
News flash. People still buy stuff online. Apparently lots of it too.
Amazon.com will celebrate its 10th birthday on Saturday with a big bash featuring performances by Bob Dylan and Norah Jones.
NEW YORK (CNN/Money) - July 16 is going to be a big day for Amazon.com.
A technical glitch caused online retailer Amazon.com to suffer at least two periods of extended slowdowns Thursday, one during late morning and a second during the peak lunch-time browsing period.
Stocks slipped early Wednesday after a surprise fall in durable goods orders and some uninspiring corporate earnings revived worries about a broader slowdown.
Stocks slumped Tuesday, erasing the previous session's rally, as worries about earnings and economic growth trumped any upbeat corporate news.
Stocks finished lower Thursday, after languishing throughout the session, as investors decided to cash in their gains from the market's recent rally.
Stocks opened lower Thursday, weighed down by a disappointing fourth-quarter profit report from Amazon.com.
Online retailer Amazon.com released its "Best of 2004" lists, and it seems that many of you got just what you wanted...but a few others are wondering why your aunt thought you needed the Black & Decker jar opener.
Strong online holiday sales helped Amazon.com get what it wanted: a record holiday season and the biggest single sales day in its history.
Ah, the holidays, a time for parties, gifts -- and overspending.
Amazon.com is giving shoppers another reason to visit its site as the holidays approach.
Technology stocks finished mostly lower Friday after Microsoft Corp. issued a weaker-than-expected earnings outlook and Amazon.com Inc. posted lower quarterly profits than anticipated.
Amazon.com Inc. said Thursday it posted a profit on higher revenues as it continued to drive stronger sales with aggressive pricing and free-shipping incentives.
The online unit of Toys "R" Us Inc. is suing Amazon.com Inc., saying it is violating Toysrus.com's contract to be the exclusive seller of toys and baby products on Amazon.com.
Like a phoenix, Amazon.com (AMZN, $45) has risen from the dot-com ashes. Shares of the Internet retailer have zoomed from a low of $6 during the 2001 tech meltdown to as much as $58 this past Janua...
Still bundling up with a bulky parka? Get hip to the latest in winter-apparel technology: soft shells. They're deceptively light, about the weight of a sweatshirt, and their construction (of fleece and a tightly woven, stretchable nylon) keeps you warm even at 32 degrees farenheit and breathes freely enough to prevent you from sweating inside all that insulation. That's right: No more doffing your coat when running into the supermarket.
Amazon.com Inc. Tuesday reported higher fourth-quarter profits that met Wall Street forecasts, boosted by stronger-than-expected sales growth.
Sure, the likes of Yahoo and Amazon.com are all the rage this year on Wall Street. But venture capitalists appear to be over their online obsession. According to the most recent MoneyTree Survey--a...
We were all set to review More Mirth of a Nation (Perennial), a terrific anthology of humor writing, but then we found this, about to be posted on Amazon.com...
This year's stock market carnage has not only been depressing but also bizarre. Warren Buffett is buying telecom stocks. SEC chairman Harvey Pitt wants a raise. And--get this--the best-performing s...
BAIT FOR BOOKWORMS E-commerce site Buy.com has declared a battle of the books, promising to beat any book's price at megaretailer Amazon.com by 10%--and to ship it for free. (Currently, Amazon offe...
Want a painless way to give more? Shop through a Web portal that funnels a small portion of what you spend at major e-commerce sites to a charity of your choice. At least half a dozen sites do so, ...
Here's fair warning: I'm going to say nice things about Amazon.com. The carnage has gotten bad enough that I've heard people say that only one Net business will be left standing--eBay. In other wor...
The dot-coms are dead. Long live the dot-coms! That's the message from more than 2,000 MBA students at 35 schools surveyed by academic consulting firm Universum.
Thanks to a relatively new feature on most major shopping sites, feigned happiness and covert returns could become a thing of the past. With an online wish list, you compile a list of what you want...
Determining a company's worth in today's schizophrenic market is, well, difficult, to say the least. Is the fundamental value of Amazon.com the $40 billion-plus the stock market gave it last Decemb...
FORTUNE: Last year e-tailing was hot. Now it's completely out of favor.
Annual reports and shareholder letters are supposed to tell investors what happened to a company over the past year. Reading them, you'd be amazed at how many companies had banner years or record g...
$75 an hour is the average cost for a professional organizer. These neatniks can help you manage the space in your home or office. Call the National Association of Professional Organizers at 512-20...
$350 If a dozen roses don't feel like enough, order 12 months of bouquets from www.proflowers.com. The roses are shipped straight from growers and come with a seven-day freshness guarantee.
So what core values do Amazon.com and the Ku Klux Klan share? Both ardently champion their First Amendment rights and both celebrate the importance of anonymous criticism.
From the time the Internet was known only to small bands of geeks to its explosion as a cultural and economic force, FORTUNE has been its Boswell, faithfully chronicling every (well, virtually ever...
On the morning of Sept. 28, Amazon.com announced that on the morning of Sept. 29 it planned to make an "announcement significantly affecting the world of e-commerce." From Wall Street to Silicon Va...
By all accounts, this will be the biggest holiday season ever for shopping on the Internet. Those who make a living predicting such things say consumers buying gifts online will spend as much as $9...
Royce Holland is CEO and co-founder of Allegiance Telecom, a competitive local exchange carrier providing voice, data, and Internet service to businesses. He started the Dallas company two years ag...
The Treasury Department's recent announcement that it wants to buy back bonds as part of an effort to eliminate the federal debt may have some unforeseen implications. Sure, the move toward debt-fr...
GOLDMAN COOKS UP A NET FUND
Mark Cuban is co-founder, chairman, and president of Dallas-based broadcast.com, the Internet audio and video broadcast site. In April, Yahoo announced it would buy the company in a stock deal valu...
Back in 1994, when Jeff Bezos chucked his job at hedge fund D.E. Shaw in New York City and headed west to open the Web store that would become Amazon.com, he hadn't thought through all the details....
Americans have traditionally bought cars by visiting cigar-smoking men in checked sports coats who patrol large glass boxes surrounded by stretches of blacktop blanketed with new vehicles. The smil...
Are there any industries that should not be Amazoned? This is a big question for a venture capitalist. As you well know, electronic commerce seems all the rage these days. For the most part, it mea...
When Amazon.com announced in mid-November that it would sell videos online, its stock soared 22 1/4 points, and its market cap rose by $1.2 billion. That and a three-for-one stock split gave Amazon...
Last month, Matt Glickman and Mark Selcow made a bid to turn their cool Website, www.babycenter.com, into a cool business. Already one of the most popular Net sites for information about pregnancy ...
MARKET MEASURES % Total Return Level 3 Months 1 Year 3 Years[2] S&P 500 1,081.2 -2.6 18.7 27.1 Russell 2000 395.6 -15.1 -4.0 10.7 Morgan Stanley EAFE1 1,259.2 -9.4 -2.2 5.0 Dow Jones Industrial Av...
Since May everyone who watches the market has been wondering, What's with Amazon? From about $40 on June 1, Amazon.com's stock doubled to more than $80 within 22 days. It hit $100 on June 24 and cl...
Have you heard that electronic commerce is the hottest thing since sliced bread? Yup, that's right. The reason I know is that I'm one of 18 leading lights in California to have been appointed by ou...
Internet ads, like magazine and newspaper ads, have always been priced according to a metric known as CPM--the cost an advertiser pays per 1,000 people who supposedly see an ad. The Internet, howev...
Shopping hasn't changed too much since stripmalls transformed the roadsides of America. Catalogs, which have been around for a century, are convenient, but for most of us shopping still means getti...
Site: Amazon.com Books (www.amazon.com/). Think of this Website as an online megabookstore.
| Most Viewed | Most Emailed | Top Searches |
© 2009 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
