Amazon Seeks to Become Earth’s Biggest Store

Discussion
Dec 16, 2002
George Anderson

By George Anderson


There may be items that consumers can’t buy on Amazon.com, but those are becoming harder and harder to identify.


Allison Linn writes in the Rocky Mountain News that Amazon has grown from a bookstore to selling everything from apparel to Segway scooters.


Although Amazon has only one quarter of profitability on its side of the ledger, many are now convinced that the company’s model will work. Investors certainly have been willing to plunk down dollars to own shares of the e-tailer. Amazon shares have almost doubled this year.


Moderator’s Comment: What is your assessment of Amazon.com?


The company has made many positive steps with belt-tightening
and developing partnerships with existing brick and mortar operations. Right
now, Amazon has investor dollars behind it. This quarter, (doing well by all
accounts) is critical. If Amazon makes money here, more investment dollars will
come rolling in and so on and so on… [George
Anderson – Moderator
]

 

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