Amazon: Walmart of the web - The internet giant's new tablet computer fits its strategy of developing big businesses by charging small prices

Posted in: Miscellaneous at 03/10/2011 18:31

A couple of years after it launched its website in 1995, Amazon was the subject of an unflattering report entitled "Amazon.Toast". The pundit who penned it predicted that the fledgling online bookseller would soon be crushed by Barnes & Noble, a book-retailing behemoth which had just launched its own site.

Far from being crushed, Amazon is doing the crushing. Borders, a once-mighty book chain, was flattened this year. B&N looks like a frightened capybara running from a fierce Brazilian she-warrior. Amazon is now one of the web's most successful e-tailers. Even Apple is feeling the heat.
http://www.economist.com/node/21530980

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