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“Amazon is doing something vitally important for book culture by making books readily available in places they might not otherwise exist,” said Ted Striphas, an associate professor at Indiana University Bloomington. “But culture is best when it is robust and decentralized, not when there is a single authority that controls the bulk of every transaction.”
Among Amazon skeptics, patience for the online retailer’s lack of profits has become a source of bemused agony. No other marquee tech company could get away with, at best, earnings in the low millions (to say nothing of ending last year in the red). Despite such low numbers, Amazon’s shares have enjoyed unprecedented success over the last few months.
But the past few days have seen the onset of what could turn into what the short sellers would see as a major correction. If so, it’s not only shareholders who could suffer. A major stock downturn led by investors no longer willing to wait for Jeff Bezos to work miracles could eventually mean higher prices for Amazon customers.
To understand why, first consider the fortunes of one of Amazon’s main rivals.
Where in the U.S. can you find the the biggest bibliophiles? Online e-tailer Amazon just reached into its mammoth pool of purchasing data to pull out its third annual list of cities in the U.S. where the “most well-read” among us apparently reside.
Anita Demetropoulos, a Maine shopkeeper, figured she would never see the day when her most relentless competitor, Amazon, would be forced to collect sales tax.
Now that Congress seems ready to do that, she is no longer sure it matters. Even in losing, the e-commerce powerhouse is triumphant. It no longer needs the tax break to vanquish its foes — and could even make money by collecting the new taxes for other retailers.
When you see the word "Amazon", what's the first thing that springs to mind – the world's biggest forest, the longest river or the largest internet retailer – and which do you consider most important?
From Guardian UK:
These questions have risen to the fore in an arcane, but hugely important, debate about how to redraw the boundaries of the internet. Brazil and Peru have lodged objections to a bid made by the US e-commerce giant for a prime new piece of cyberspace: ".amazon".
The Seattle-based company has applied for its brand to be a top-level domain name (currently .com), but the South American governments argue this would prevent the use of this internet address for environmental protection, the promotion of indigenous rights and other public interest uses.
Mr. Blum is the editor of Amazon Kindle Singles, a Web service that is helping to promote a renaissance of novella-length journalism and fiction, known as e-shorts.
Amazon Kindle Singles is a hybrid. First, it is a store within the megastore of Amazon.com, offering a showcase of carefully selected original works of 5,000 to 30,000 words that come from an array of outside publishers as well as from in-house. Most sell for less than $2, and Mr. Blum is the final arbiter of what goes up for sale.
First it was Goodreads....then...
(be sure to watch the video's gruesome climax!)
For the last few years, Bookish.com — the joint venture between S&S, Hachette, and Penguin — has seen a number of iterations and had its share of setbacks. Most articles — including this one — tend to lead with a description of all the difficulties Bookish has had, from CEO change-overs to more than a year in delays. Even fresh off its launch several weeks ago there’s a lot of discussion about what role Bookish.com fills in the ecosystem and whether or not it’s addressing a consumer need. When it was announced yesterday that Goodreads.com was being acquired by Amazon, one of Forbes’ headlines covering the announcement was Amazon Buys Goodreads. Take That, Bookish! As if it’s another string of bad luck in the Bookish saga.