Tech Terrain

Virtual currency can be used to acquire virtual commodities that are sold by a variety of communities. The most popular are the social networking sites, virtual worlds, and other online gaming sites. This kind of purchase and sale of goods or services, whatever their nature, is gaining ground rapidly. You could be short of currency the is required to continue playing the game you are engrossed in on Facebook or for any other make believe online business transaction. You are prompted to acquire more currency and you do so without giving it a second thought, such is the compelling nature of addiction to games online. It is not just goods or services, you could acquire a piece of land that you can virtually own, in addition to farm supplies and other items. Virtual currency often denotes cyber currency or electronic money, which cannot be classified legal tender. It is actually an intangible ass et, however it is backed by virtual goods that are again not materially real. Virtua...

In the race to become the leader for the future of innovation among Google , Facebook , Apple , and Amazon ; the big four are hard at work designing and implementing a successful strategy for 2013. Of the four tech businesses, Amazon is the only content oriented competitor. Although Amazon is a buying machine that dabbles in advertising, the heart of the company lies in selling you stuff plain and simple. With internet speeds continuing to speed up through ISP 's, hotspots and wireless internet providers, the race is heating up to be #1. What can we expect from Amazon in 2013? Despite the sales driven guiding principle, analysts predict that Amazon will go head to head with two out of the three 2013 predominant ecosystems. This comes to no surprise because in order to increase market share and grow, you have to expand into arenas that already exist. The catch is that Amazon will have to differentiate itself from its competitors in previously existing markets and find ...

Source :  NYT   Amazon.com removed more than 4,000 e-books from its site this week after it tried and failed to get them more cheaply, a muscle-flexing move that is likely to have significant repercussions for the digital book market. Amazon is under pressure from Wall Street to improve its anemic margins. At the same time, it is committed to selling e-books as cheaply as possible as a way to preserve the dominance of its Kindle devices.

Amazon, the internet shopping giant has sprouted it’s offshoot in India as Junglee. Amazon decides to try a different tactic to woo Indian customers from competing websites like Flipkart and Infibeam by acting as an yellow page where big and small retailers can upload their catalogues and sell their products. Amazon does this so that  it can boast a wider variety of products than it’s competitiors.