Placeholder canvas

Amazon readying an attack on Googles ad business

Date:

US online giant Amazon is preparing to take on Google in one of its core businesses, Internet advertising, the Wall Street Journal said, citing sources familiar with the matter.

Amazon is developing its own program to target ads using the information it gathers about the preferences of its customers.

Tests of the new platform could start later this year, the business daily said.

Google is for now the uncontested top dog in online publicity, with around a 31.45 percent share of the global market this year, according to figures from research firm eMarketer.

The company earns around $50 billion a year from its advertising business, compared to the just $1 billion Amazon is expected to earn this year, the Wall Street Journal said on Friday.

From its beginnings as an online bookstore, Amazon has enormously expanded its activities over the years. Among other businesses, the company has become a major seller of digital content, including ebooks, streamed video and online music, as well as of devices like smartphones and tablets.

It has also become a marketplace where third-party venders can sell products, taking advantage of Amazon’s massive customer base.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Fact Check: Image of Bridge In China Falsely Shared As That From Mumbai

A photo of a bridge spanning a body of...

Fact Check: 2018 Video From Saudi Viral As Camels Stuck In Dubai Flood

A video of camels being swept away in water...

Fact check: Old Pictures Of PM Modi At Sant Kabir Das Mausoleum Shared As Recent

Amid the ongoing general elections in India, a few...

US Announces Historic $6Billion Military Aid For Ukraine

This security assistance package from the US will address Ukraine's ongoing battlefield needs and demonstrate unwavering US support for Ukraine