AMAZON ACQUIRES ZAPPOS FOR US $ 900 MILLION

AMAZON ACQUIRES ZAPPOS FOR US $ 900 MILLION

Amazon.com, a multimillion enterprise serving online products and services market, is finally up with acquiring an online shoe retailing company Zappos.com. The company has expectantly taken this decision after seeing the exponentially growing turnover of online shoe markets.

Zappos.com is a privately founded company and has a reputation in the markets and among its customers since the past 10 years for its customer royalties such as free shipping and credit card shopping and loads more.

Online shoe markets have seen a growth of a whole of US $ 1 Billion in the past year accounting for US $ 4.3 Billion in 2008 as compared to US $ 3.3 Billion of 2007. And hopefully this is what has affined Amazon towards Zappos.

The current stats say that Amazon has acquired Zappos for 10 Million shares worth US $ 900 Million. The company has also announced an additional $ 40 Million for the employees working at Zappos.

This has been one of the largest transactional decisions in the history of Amazon.com

MULTIPLE MICROSOFT SERVICES RETIRE TOMORROW

MULTIPLE MICROSOFT SERVICES RETIRE TOMORROW

Microsoft, The Multimillion Software Enterprise has decided to pull off its MSN Web messenger online chat software, asking its users to use the Messenger integrated with Live People and Hotmail. Microsoft had provided an official deadline of 30th June, 2009 (Tomorrow!) to shut down it's Web Messenger Service. The company has also planned to pull off its Microsoft Money and Encarta on the same date.

Microsoft came up with this decision in order to streamline its investment on updates and to realign its services under one brand. Microsoft says that its main advantage lies in the fact that it lets you know if a person is online or not, so that you decide whether to send him/her a message or make a direct chat. Now how innovative is this idea? Google and Yahoo! have been doing this since generations. And that's what they call innovation- Same as they did with the multi-touch feature introduced in Windows 7. :P

Will the world like this change in Microsoft's strategy?

What's your reaction to it? Speak out through your comments!