Company
Amazon.com Inc
NASDAQ:AMZN
Amazon.com Inc provides a range of products and services to customers. The products offered through its stores include merchandise and content that it purchased for resale and products offered by third-party sellers. The company manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo and Ring, and it develops and produces media content.
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Worst offenders for ‘dubious’ Black Friday deals named by Which?
Some 98% of discounts in 2021 were not the cheapest price the product had been sold for that year
Penguin Random House scraps $2.2bn deal to merge with Simon & Schuster after regulatory block
Bertelsmann, the German media group which owns Penguin, had initially said it would appeal a US judge's decision at the start of this month that said its purchase of Simon & Schuster would be illegal because it would hit authors' pay
Jeff Bezos promises to give away his fortune despite thousands of job cuts at Amazon
In an interview with CNN, Bezos said he plans to donate much of his wealth of around US$124bn to climate change causes as well as social and political movements
Archive
FTSE 100 closes lower despite Wall Street optimism that inflation may have peaked
CMC's Michael Hewson felt that the pound held back any gains from the US PPI data
Amazon.com set to axe 10,000 jobs - New York Times
The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation and follow similar moves by Meta and Twitter
Dolly Parton receives US$100mln from Amazon billionaire Jeff Bezos
The Queen of Country is this year's recipient of the Bezos Courage & Civility Award
FIVE at FIVE: UK government’s gas windfall; Amazon drops below one trillion; Rishi goes to COP27; GSK lifts guidance
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Amazon booted out of one-trillion-dollar club as big tech cops a beating
Revenue miss and macro headwinds cause shares to fall to 31-month lows
Is Amazon stock in lasting trouble or will investors pick up a pre-Christmas bargain?
The market pummelled Amazon as it reported only 15% revenue growth for the third quarter.
Amazon ramps up efforts towards satellite network, announcing new Project Kuiper factory
First unveiled in 2019, Project Kuiper will see 3,236 satellites placed in low Earth orbit, contesting with Elon Musk's SpaceX network, with Amazon set to invest over US$10bn in the plan
Amazon.com lowers fourth quarter guidance sending shares down 16%
The company said it expects to post fourth-quarter revenue between $140 billion and $148 billion, representing growth of 2% to 8%, well below current analyst forecasts of around $155.15 billion (according to Refinitiv).
Jeff Bezos may have already told us Amazon's outlook ahead of its Q3 earnings
The 58 year old billionaire tweeted that consumers in this economy will 'batten down the hatches' with regards to consumer spending
Amazon might have to pay £900mln in UK compensation over favouring its own products
A collective action lawsuit, which is headed by consumer rights advocate Julie Hunter, is due to be filed to the Competition Appeal Tribunal this month and includes anyone who made a purchase online or on the Amazon app since October 2016
Amazon founder Jeff Bezos says consumers will 'batten down the hatches'
Amazon shares closed higher regardless of the comments from the company's founding CEO
Amazon.com delays prototype internet satellites to ULA rocket for early 2023 launch
The prototype satellites will be the first to launch as part of Amazon's Kuiper network, a planned constellation of 3,236 low-Earth orbiting satellites designed to beam broadband internet to remote parts of the world
TikTok wants to open warehouses in US to rival Amazon.com - report
The Chinese social-media company, whose parent company ByteDance is partially state-owned, currently offers a shopping option called TikTok Shop in select markets, including the UK and Indonesia
Amazon.com kicks off second early access sale in 2022
The sale takes place six weeks ahead of Black Friday and runs across 15 countries, including the UK
Amazon.com plans to invest over €1 billion in European electric van, truck fleet
The online retail giant noted that the investment would help its electric van fleet in Europe more than triple from 3,000 vehicles to more than 10,000 by 2025