This blog is about the Internet online industry, the trends, news and latest happenings
Amazon's Amazing Fourth Quarter
The online retailer crushed the Street's expectations by snaring customers and snapping up market share as traditional merchants foundered. Being bullish on Amazon.com proved to be a smart bet in the fourth quarter. Even as traditional retailers founder amid the worst economic malaise since the Depression, the pioneering e-tailer under CEO Jeff Bezos is using competitive pricing and an ever-expanding arsenal of services and products to produce better-than-expected results.