Amazon is moving into another sector: photo printing.
The e-commerce giant this week debuted a new service called Amazon Prints that allows customers to print their digital photos and order souvenirs like photo books, stationery and calendars.
So far, that market has been dominated by companies like Shutterfly, which has offered similar options since its founding in 1999. Shutterfly’s stock plunged 12 percent in one day after news broke of Amazon’s entry into the market, Bloomberg reported.
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