The Christmas shopping season has proven to be a gift for Amazon. The online retailer doubled its profit in the last quarter of 2015 to 440 million euros. Even that's not enough for investors, who had expected even more.
Worker's at Amazon's main hubs in Germany and Italy have launched walkouts to hit the US e-commerce giant at a time when it hurts most — Black Friday and Cyber Monday — the busiest online shopping days of the year.
Searching for bargains on Black Friday and Cyber Monday is quickly spreading across the globe as retailers are using what was once a truly American tradition for their advantage.
Facebook, Amazon, Google — why did they get so big, so fast? Economists say winner-takes-all "network effects" make such firms natural monopolies — and that we can expect network effects to become ever more important.
Internet giants Google and Amazon have both posted results for the third quarter. Google parent Alphabet posted stronger than expected revenues. Expenses for Amazon rose and its forecast disappointed analysts.
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