Amazon continues to grow at the rate of a startups, even though it’s the next likely company to hit the $1 trillion market capitalization threshold. The retailer’s stranglehold on U.S. e-commerce shows no signs of easing. Amazon is now responsible for roughly 50% of digital sales in the country, and more and more brands—from Nike to Party City—now sell products on their rival’s website, after years of hesitation. Retailers like Best Buy and Kohl’s have also decided to partner with Amazon. With its Web Services division generating a steady stream of profit, Amazon continues to run away with the e-commerce prize.
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News about Amazon.com
Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion.
Company trying to weane itself off dependency of only hardware sales.
It will be like opening a cash register at the end of the day and knowing the source of every dollar.
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