Amazon took a nose dive today (or rather yesterday after trading hours) in that their earnings report like other tech companies outside of google proved to be a disappointment. Ebay was the last tragedy in the online stock shakeup along with overstock. These companies are posting profits which is a great thing, but not meeting expectations or even their own forecast outside of google. However, while those stocks struggle, google seems quite firm in the online business, in fact growing at unprecedented rates. You can see part of that growth in Yahoo's own rally which, imo, is attributable to google's growth. It seems the online ad/search market is just a huge zone that might be in a bubble of its own world much like the housing bubble. The thing though is that the chief people are large companies putting tons of cash into this market. You see msn with their own search engine along with Amazon's A9 entering into the market. The big question of course is who is going to emerge when the smoke clears?
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