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Friday, July 15, 2005

Amazon faces the challenges of its second decade

CNET News.com: "Ten years after Jeff Bezos started Amazon.com in his garage, the company is celebrating three things that evaded legions of other Internet start-ups: survival, independence and profitability.

But as Amazon celebrates itself with 10 days of concerts and special offers, profound challenges face the e-commerce pioneer. Profits are stagnating, competition is blooming, and even people who are bullish about the company are concerned about downward pressure on prices."

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