Amazon Takes Stake in Gear.com
from the margin-margin-everywhere-but-not-a-drop-for-Bezos dept
Amazon announced today that they have acquired a “significant minority stake” in Gear.com. The press release then defines that stake as 49%, which, gosh, is about as significant as a minority stake can be. Glad to see Amazon branching out into more high-margin niches like closeout sporting goods. Time to short AMZN?
