The attention-getting business in the U.S. is enormous. Everyone with a product, service, or even an idea to sell has to put it in front of potential customers. Last year, they spent $212 billion on that task, and an ever-growing share of that spending is going online. Specifically, a lot more of them are advertising on Amazon.com (NASDAQ:AMZN), which last year doubled its ad revenue to about $6 billion, making it the third largest player in the entire industry, behind Google and Facebook.
In this segment of the Motley Fool Money podcast, host Chris Hill and Fool senior analysts Andy Cross and Jason Moser discuss the reasons that the e-commerce and cloud-computing giant has accelerated into the top tier of ad platforms, what it means for the company and its rivals, and more. They also reflect on Amazon's latest move to trim some prices at Whole Foods.
To catch full episodes of all the Motley Fool's free podcasts, check out our podcast center. A full transcript follows the video.
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