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Amazon.com - THE Web 2.0 success story
Not Google, not Facebook, I nominate Amazon for the best Web 2.x Success story award.
The betting before Amazon.com posted second-quarter earnings was that it couldn’t live up to the 80% uptick in its stock price so far this year. But the rising number of short-sellers who have been hoping for Amazon’s comeuppance took it in the shorts instead. Amazon’s stunning 257% jump in profits on a 35% rise in sales surprised even the bulls. Its stock is up
more than 8%almost 12% in the initial minutes after the market closed.
Amazon Blows ‘Em Away Again - BusinessWeek
Of course, the reason Amazon is my favorite web 2.x -enabled company because it adapted itself so quickly and so perfectly to the changing internet, that it would have gone unnoticed if their earnings didn’t reflect all this growth. They have been into open web services, affiliate marketing, user generated content, and all the web 2.x buzzword things since even before those words were first used.
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