Even as the rest of the retail world stumbled in the past year, Amazon kept cruising and increasing market share. So if a cratering economy can’t hurt the e-commerce giant, what could? Citigroup analyst Mark Mahaney throws out a suggestion: Movies, books and music–the same stuff that helped Amazon get the lead it enjoys today.
For much of 2008, the big ad conglomerates seemed unaffected by the global slowdown. But that had to stop sometime: Omnicom Group just announced that its fourth-quarter revenue and earnings dropped seven percent and 13.7 percent, respectively. The good(ish) news: The company thinks things will stink for at least another nine months, but sees a light at the end of the tunnel.
Yet another sign that even mighty Google feels unnerved by the slowdown: A “Hey! Don’t Forget About Us!” note sent out to its AdSense customers.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
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