Thursday, November 22, 2012
This is interesting:

"The central question about [Amazon] has always been: How will it choose to make money? It has invested for the future for 18 years now, in the process demolishing much of the competition while giving it one of the priciest stocks on Wall Street. But at some point, somehow, it will have to become a normal business, which means selling things for more than it paid. One way to do that: erase discounts on books that readers cannot easily get anywhere else.

Another possibility: Amazon is intentionally pricing its books higher so buyers will instead purchase from the cheaper third-party sellers, which are more profitable for Amazon. In other words, Amazon would rather run a mall or bazaar than try and be Wal-Mart."

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