Technology and media circles are abuzz at how e-commerce wunderkind Jeff Bezos plans to modernize The Washington Post, a money-losing bastion of the old economy.Among the top predictions: the man who transformed retailing will want to wean the venerable paper off its print edition; expand the Post's real-time content for a Twitter generation; share Amazon's near-unparalleled data on online buyers; and devise novel avenues to sell anything from books to smartphones to the Post's half a million readers.The founder and CEO of Amazon.com Inc hasn't given much away since he struck a deal to purchase the 135-year-old paper for $250 million. But he did tell employees on Monday that they will have to "invent" and "experiment" as the Internet revolutionizes the news business.Although Bezos, not Amazon, is buying the Post, it is widely expected that he will in some way 'Amazon-ify' the news business, bringing across strategies imprinted on the company he founded in a garage 19 years ago.
Amazon.com, Inc. (Amazon.com), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience. Shares of AMZN remained unchanged at $296.91. In the past year, the shares have traded as low as $218.18 and as high as $313.62. On average, 2807560 shares of AMZN exchange hands on a given day and today's volume is recorded at 100.
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