Amazon.com: Wal-Mart of the Web, or Web 2.0?
Would someone help us figure out if Amazon.com is a Web 2.0 player or just the Wal-Mart of the Web? With the latest additions to its lineup -- groceries and DVDs of old TV shows -- it's looking more like the latter.

After beta-testing its grocery store in June, Amazon officially launched the store today with a $10-off promotion. The company claims to include a wide selection of natural or organic products among the more than 14,000 items it stocks, but its virtual shelves mostly carry nonperishables it can safely ship from its warehouses. The store may encourage more customers to sign up for Amazon Prime, the retailer's $99-a-year membership program that gives discounts on faster shipping. After all, who wants to wait for diapers and mac-and-cheese mix?

Amazon's other new retail venture is selling DVDs of old CBS news shows -- but there, it's applying some clever innovation. Shoppers can buy DVDs of entire shows, or select specific news segments and have Amazon subsidiary CustomFlix Labs burn a custom DVD for them.

We're not convinced that there's much of a demand for permanent copies of old CBS news segments -- but if do you want to make your own collection of "60 Minutes"'s greatest hits, have at it.
Posted by Owen Thomas 11:26 AM 0 Comments comment | Add a Comment

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.