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Amazon.Com Inc - AMZN STOCK NEWS

Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.

Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.

Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.

In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.

The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.

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Amazon has launched custom electric delivery vehicles from Rivian in cities like Baltimore, Chicago, and Seattle, marking a significant commitment to sustainability. By the end of 2023, the companies aim to deploy thousands of these vehicles in over 100 cities, with a goal of 100,000 vehicles in the U.S. by 2030. This initiative is part of Amazon's Climate Pledge to achieve net-zero carbon emissions by 2040. The vehicles are designed for safety and efficiency, featuring advanced technology to integrate delivery workflows and improve driver experience.

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Amazon (NASDAQ:AMZN) has announced a definitive merger agreement to acquire One Medical (NASDAQ:ONEM) for $18 per share, totaling approximately $3.9 billion, including net debt. This acquisition aims to enhance healthcare accessibility and affordability by integrating One Medical's digital and in-person care services with Amazon's customer-focused approach. The transaction requires regulatory and shareholder approval, and upon completion, Amir Dan Rubin will continue as CEO of One Medical.

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Amazon (NASDAQ: AMZN) has announced registration for its annual seller conference, Accelerate 2022, taking place in Seattle on September 14-15, 2022. This year's conference will feature keynote speakers such as Doug Herrington, the new CEO of Worldwide Amazon Stores, and Venus Williams, a renowned entrepreneur. Attendees can expect major announcements, breakout sessions, and personalized event experiences aimed at enhancing their selling journey, both in-person and virtually.

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The Amazon Literary Partnership has announced over $1 million in funding to 74 nonprofits in the U.S. This initiative supports diverse and marginalized voices in literature, empowering writers through various programs. Noteworthy grants include $140,000 awarded to the Academy of American Poets and the Community of Literary Magazines and Presses. Since 2009, the partnership has distributed more than $15 million to over 160 organizations, significantly impacting writers and the literary community.

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Amazon has initiated legal action against over 10,000 Facebook groups promoting fake reviews in exchange for money or products. This lawsuit targets fraudulent activities across various countries, including the U.S., UK, Germany, France, Italy, Spain, and Japan. Amazon aims to enhance its measures against fraudulent reviews, having already blocked millions of suspicious reviews yearly. The company has previously reported over 10,000 fake review groups to Meta, resulting in significant removals. This action underscores Amazon's commitment to customer protection and the integrity of its review system.

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IMDb will host a three-day event at San Diego Comic-Con from July 21-23, featuring exclusive portrait studios, a Meta studio for social media content, and original celebrity interviews. The IMDboat will dock at Fifth Avenue Landing, serving as a floating content-creation studio for casts of major shows like The Lord of the Rings: The Rings of Power and Shazam! Fury of the Gods. Fans can experience special events, including a cast party for A24's Bodies Bodies Bodies, and interactive experiences sponsored by Conair and Prime Video.

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Amazon.com, Inc. (NASDAQ: AMZN) announced a conference call to discuss its Q2 2022 financial results on July 28, 2022, at 2:30 p.m. PT / 5:30 p.m. ET. The event will be available via a live webcast and will include audio and slides accessible for at least three months thereafter. For more details, visit www.amazon.com/ir.

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Amazon announced that its Prime members saved over $1.7 billion during this year's Prime Day, marking the highest savings recorded in any Prime Day event. The event saw over 300 million items purchased, making it the largest Prime Day in Amazon’s history. Sales from small and medium-sized business partners outpaced Amazon's retail growth, generating over $3 billion in sales. Record device sales were also reported, alongside significant consumer engagement with over 100 million views on Amazon Live.

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The upcoming Prime Day event by Amazon, set for July 12 at 3 a.m. EDT, will feature millions of deals exclusively for Prime members, with discounts up to 79% across various categories. Notable offers include the lowest prices ever on Fire TV smart TVs, starting at $49.99, and significant savings on electronics, beauty, and home items. Prime members can also enjoy discounts on school and college essentials alongside curated selections from celebrities. The event aims to enhance customer experience while promoting small businesses.

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FAQ

What is the current stock price of Amazon.Com (AMZN)?

The current stock price of Amazon.Com (AMZN) is $197.12 as of November 22, 2024.

What is the market cap of Amazon.Com (AMZN)?

The market cap of Amazon.Com (AMZN) is approximately 2.1T.

What are the primary business areas of Amazon.com, Inc.?

Amazon.com, Inc. operates in several key areas: e-commerce, cloud computing (through AWS), digital streaming, artificial intelligence, and online advertising.

How significant is AWS to Amazon’s revenue?

AWS contributes approximately 15% to Amazon’s total revenue, offering cloud computing, storage, and database solutions.

What recent developments has Amazon made in grocery delivery?

Amazon introduced a grocery delivery subscription for Prime members, offering unlimited deliveries from Amazon Fresh, Whole Foods Market, and other local stores for $9.99 per month.

How is Amazon innovating in artificial intelligence?

Amazon has launched Amazon Q Developer and Business, which enhance coding accuracy and leverage enterprise data. It also announced new generative AI capabilities in Amazon Bedrock.

What was Amazon’s financial performance in Q1 2024?

Amazon reported a 13% year-over-year increase in net sales to $143.3 billion and a significant rise in operating income to $15.3 billion from $4.8 billion in the previous year.

What is the scope of Amazon’s international sales?

Amazon’s international segments, especially from Germany, the UK, and Japan, account for 25% to 30% of its non-AWS sales.

What are some of the entertainment offerings from Amazon?

Amazon offers a wide range of original content through Amazon Studios and streams exclusive sports events on Prime Video.

How does Amazon support its logistics and infrastructure growth?

Amazon continues to invest in new AWS regions and data centers, enhancing its infrastructure to support global growth and innovation.

What are Amazon’s guiding principles?

Amazon's guiding principles include customer obsession, passion for invention, commitment to operational excellence, and long-term thinking.

How does Amazon support its Prime members?

Prime members enjoy benefits such as free and fast delivery, exclusive deals, streaming of music and videos, and free access to Grubhub+ for food deliveries.

Amazon.Com Inc

Nasdaq:AMZN

AMZN Rankings

AMZN Stock Data

2.08T
9.45B
10.14%
64.01%
0.73%
Internet Retail
Retail-catalog & Mail-order Houses
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United States of America
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