Sure, sure, like most of us, you use Amazon often to buy things online and have them delivered to your home without the hassle of actually having to go out to the store. So, given your buying familiarity with Amazon, you might think you know quite a bit about the company. But perhaps there is much more to know.
Indeed, in a recent book by Brad Stone, titled “The Everything Store: Jeff Bezos and the Age of Amazon,” profiled by Business Insider, much is revealed that you might not know. (And yes, big surprise, you can purchase the book on Amazon). Continue reading What You Might Not Know About Amazon
Once upon a time, toward the beginning of the commercial internet, critics questioned Amazon’s aggressive approach in throwing money at the concept of becoming the full-purpose seller of all types of products online. Indeed, while Amazon was growing along the way, it was in the red, far from turning a profit. Detractors believed that Amazon’s “Hail Mary” approach would fail, and the only question was when Amazon would go under, like many other early dot coms.
Well, who is laughing now? Amazon, and CEO Jeff Bezos, of course. Continue reading Amazon Now Raking in the Dough
Should consumers be able to avoid paying state sales tax simply because they make purchases on the Internet?
Some legislators think not, believing that state coffers should not be deprived of sales tax revenue from online purchases. Consequently, they have enacted some laws designed to capture such revenue.
However, according to the Chicago Tribune, a recent law passed in the Land of Lincoln attempting to tax online purchases was just ruled unconstitutional by the Illinois Supreme Court.
Continue reading Illinois’ “Amazon Tax” Law Ruled Unconstitutional