Friday, October 23, 2009

The all-encompassing maw of Amazon

NEW YORK -- Amazon.com Inc. shares surged as much as 23% Friday and hit an all-time high after the e-commerce's giant strong third-quarter results suggested the company is taking market share, even in a down economy, thanks to its business formula.
"Continued success in adding new customers," Morgan Stanley analyst Mary Meeker said, "indicates that Amazon.com's value proposition (lowest prices +

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