Amazon bubble bursting?

[temi]

Internet retailer Amazon has seen quarterly profits drop 35%, hit by costs related to updating technology.
Net income was $51m (£29m; 48m euros) in the three months to March 31 compared with $78m a year earlier.

full story: news.bbc.co.uk/1/hi/business/4944964.stm

 

[OTguy]

yea Amazon are not very cheap anymore plus there are so many other shop sites out there now that people feel ok in using.

 

[temi]

OT Guy you are absolutely right, they were great when the started, now they are getting fat and complacent plus they are dipping their fingers into too many other 'pies' like search engine, games and what have you.

 

[OldWelshGuy]

Jack of all trades, master of none.

A phrase that Google would do well to keep in mind.

Their SERP's are no longer really the best, yet they are not panicking. Brand loyalty only lasts so long. Ask Altavista