Internet Retailer

Amazon said that it will be using its ever increasing revenue to expand into areas such as Web content and cloud computing rather than boost its margins.

This week the Internet retailing giant reported a surge in its quarterly revenue gained on sales of Kindle e-book reader and other electronics, forecasting better than expected profits for the third quarter.

While Amazon saw big gains from growth in e-commerce its margins remained narrow as a result of heavy spending on distribution, technology and digital content.

eBay has expressed its concerns over the proposed legislation on additional taxation of the ecommerce merchants. Tod Cohen, Vice President for Government Relations and Deputy General Counsel at eBay Inc., made the following statement upon the introduction of legislation to expand sales tax collection on the Internet, H.R. 5660 by Congressman Bill Delahunt (D-MA).