Amazon and its potential
27 May 2008You may have noticed that this site is hosted on the EC2 platform powered by Amazon. EC2 provides various functionality that suit the needs for a new start up technology company. Instead of introduce you the features of EC2, I would like to talk about Amazon’s business as a whole.
A recent news by Marketwatch, “Goldman set a buy rating and USD98/share target price” , aroused my thought on the development strategy of Amazon. Despite some of the external forces affecting company growth such as strong online retail sales during economic downturn in United State, one should also focus on its effort on developing technological products and services: Kindle and MP3 sales are the good examples, or services like MTurk show that Amazon is still one of the best player who know how to make use of wisdom of the crowd.
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