Henry Blodget: Advertising already a $1 billion business for Amazon
Amazon, for its part, is now hiring aggressively to build up its advertising business, which, according to one industry source, already does more than $1 billion of ad revenue a year.
As Henry notes, advertising on Amazon’s site is already a big business.
But don’t overlook its opportunity in mobile advertising. Amazon sells ad-supported Kindles (hiring!), the Kindle Fire, and runs an app store for Android apps. Lots of inventory there, and it’s only going to grow.
And thanks to its e-commerce business, it can charge many advertisers on the way in and on the way out.