Amazon Buys Zappos, We’re Concerned

Remember when Zappos.com was just a cute little website where you could get amazing deals on shoes? Well, today our fave place to score heels and flats alike is a multi-million dollar company that has attracted the attention of Amazon. In fact, the online giant has scooped up the company for almost one billion dollars. (We made the same face too!) The purchase was announced earlier this month and will be fully completed in the fall. Despite the major news, don’t expect any dramatic changes. Tony Hsieh, Zappos’ CEO, recently sent out a video promising, “We plan to continue to run Zappos the way we have always run Zappos.” If that means continued great selection, amazing customer service and an uber-generous return policy, then the deal is A-OK by us. But we’ll be paying close attention. [Tech Crunch]