Tech Biz Recap: Amazon Beset By RIVALS, Google Goes FORWARD With Self-Drive

Amazon.com, Inc. (NASDAQ:AMZN) is experiencing increased rivalry from both clothing start-ups and eBay Inc. (NASDAQ:EBAY). The start-ups’ strategy includes cutting out ‘middle men’ and producing items to order which obviates warehouses and this allows them to even undersell Amazon. eBay competes by aiding retailers by putting store fronts on its site as Barnes & Noble Inc. (NYSE:BKS), and GNC Holdings, Inc. (NYSE:GNC) have already done.

Don’t Miss: Is This Amazon’s New ENEMY?

Google Inc. (NASDAQ:GOOG) continues to progress with its self-driving car initiative as the firm says in a blog post that select employees will commute to work in the cars and they can “take over” if the algorithm falters. This self-driving idea has the attention of the industry as a whole, but Google selecting the Lexus RX450h for its test runs could give Toyota a hand as well.

Don’t Miss: Apple versus Google: Who Will Win Kodak’s Patent TREASURE TROVE?

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.