Amazon Invests in Kozmo

from the it's-just-money dept

Because there's just too much money around, Kozmo has recieved another $100 million, mostly from Amazon.com which now owns 23% of the company which will deliver items you order over the internet to your door within an hour. I always thought Kozmo was pretty cool, but a difficult business to scale and make money. Of course, when you have $100 million in cash, making money seems like less of an issue.