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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Cymeed who wrote (40175)2/15/1999 3:22:00 PM
From: IceShark  Read Replies (1) of 164684
 
The latest news regarding the Amazon being critisized for taking $10,000 for a recommendation seems more like a positive to the company than a negative. It seems that somebody is trying to remind the shareholders that Amazon has such an influence that its mass reach to the book readers and a recommendation on their behalf can be converted into actual profits :o)

I think the negative spin was because AMZN was caught being a common StreetWalker. Everyone knows grocery stores charge slotting fees for good shelf space but grocery stores don't hold themselves out to be The New York Times, reporting all the news that is fit to print. AMZN was doing that with their recommended lists. And think about how much you like AMZN gathering all that information on you and what they might end up doing with it in light of this event.

Now, to be fair, the NYTimes is a StreetWalker also - they just charge a whole lot more to buy their favors, kinda like Mary Meeker. -g-

Regards, Ice
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