espite being coastally challenged (currently living in Philadelphia), Josh has been an active entrepreneur and investor in the Internet industry since its commercialization. In 1992, while he was a student at the Wharton School of the University of Pennsylvania, Josh co-founded Infonautics Corporation – an Internet information company. In 1996, Infonautics went public on the NASDAQ stock exchange.
Amazon ProductAds
If this post from ComparisonEngines.com is correct, Amazon is launching something big -- ProductAds. Instead of trying to capture all ecommerce transactions on the Amazon.com platform or marketplace, Amazon is now referring transactions to other non-Amazon merchants. Basically, Amazon.com is becoming a comparison shopping engine.
Perhaps this is a result from Amazon's recognition that "the percentage of shoppers who started at Amazon has continued to fall,
while the percentage of consumers who say they start shopping at a
search portal has risen." Given that ecommerce search represents a big portion of Google's Adwords revenue -- and almost 100% of eBay's revenue -- if this takes off, it could have a pretty big impact on the ecommerce world.
Comments