Ask your typical investor to name the Walmart online, and many will reflexively say Amazon.com, Inc. (NASDAQ:AMZN) In one very narrow sense, we agree with that description. Amazon has been successful at attaining its original goal. Last year, it became the fastest company to reach $100 billion in annual sales, and it is now the world’s largest online retailer. But we think of Amazon as much more than that.
Take, for instance, Amazon Web Services, the cloud computing business that reached $10 billion in annual sales last year – a pace faster than the original Amazon. There’s also Amazon Prime, with 60 to 80 million members, the Kindle and other electronic devices, streaming videos with proprietary original content, and an online marketplace used by more than 70,000 third-party sellers. Amazon Logistics Services is starting to compete in the trillion-dollar freight industry. Most recently, it introduced its grocery delivery service AmazonFresh. Practically every month, it seems, Amazon unveils a new innovation, product, or service. Continue Reading »