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Amazon's next targets: FedEx and UPS

Illustration: Lazaro Gamio / Axios

Amazon has gotten so good at moving merchandise that it now accounts for 43 cents of every dollar spent online in the U.S., according to eMarketer. An ebullient Wall Street last week sent the company's share price soaring after a record-breaking third quarter, and made CEO Jeff Bezos the richest man in the world.

What's next: Lost in this torrent of news are indications that Amazon's revenue formula is fundamentally changing: from a reliance on retail and cloud services, the e-retailer appears likely to power future growth with fulfillment and shipping services to third-party sellers.