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.
Amazon has reported a 45% increase in employee participation in its Career Choice program since 2021, with more than 25,000 employees joining in the last six months alone. The program, aimed at enhancing skills for career advancement, offers benefits such as pre-paid tuition and unlimited annual education funds. Amazon invests heavily in employee education, partnering with over 200 providers and has pledged $1.2 billion to upskill 300,000 individuals by 2025.
Amazon has announced its annual Prime Day event, set to take place from July 12 at 3 a.m. EDT to July 13. The event features significant discounts on popular brands, including up to 55% off Amazon devices and 50% off Fire TV products. Early deals kick off on June 21, and Prime members can engage in a chance to win prizes by supporting small businesses until July 11. Customers can expect new deals across various categories and an enhanced shopping experience with personalized recommendations and rewards.
Amazon has unveiled its Best Books of the Year So Far for 2022, featuring Shelby Van Pelt's debut novel, Remarkably Bright Creatures, as the top pick. Other notable selections include Stephanie Foo's What My Bones Know and Sabaa Tahir's All My Rage. The list covers various genres and highlights titles perfect for summer reading. Amazon's editorial team meticulously reviews countless books, showcasing their passion for connecting readers with exceptional literature. The authors will discuss their works on Amazon Live on June 15.
Amazon (NASDAQ: AMZN) has filed two lawsuits against a social media influencer and eight businesses for promoting counterfeit Cartier luxury goods. The litigation, initiated in the United States District Court for the Western District of Washington, accuses the defendants of colluding to sell fake products on Instagram and other platforms, undermining consumer trust. Amazon's Counterfeit Crimes Unit emphasizes its commitment to combatting counterfeiting and has invested over $900 million in anti-counterfeit measures in 2021 alone. The lawsuits affirm Amazon's ongoing efforts to protect intellectual property.
Amazon Fashion introduces Virtual Try-On for Shoes, enabling customers to visualize thousands of sneaker styles from brands like New Balance, adidas, and Reebok using augmented reality. Available on the Amazon shopping app for iOS, users can see how shoes fit at home or on the go. The feature aims to improve customer experience and make shopping more interactive. Muge Erdirik Dogan, president of Amazon Fashion, emphasizes innovation and customer feedback as key for future enhancements.
Simone Ashley, known for her role in Bridgerton, has been awarded the IMDb STARmeter Award in the 'Breakout' category, based on data from IMDbPro. The award recognizes stars who are highly viewed by IMDb's 200 million monthly visitors. Previous winners include notable figures like Regé-Jean Page and Brie Larson. Ashley's popularity surged after Bridgerton's second season debuted on March 25, 2022. She also stars in Sex Education, which has consistently ranked high on IMDbPro's charts.
Amazon released its second Brand Protection Report, emphasizing its dedication to combating counterfeiting and ensuring product authenticity. In 2021, the company invested over
Amazon Publishing, in collaboration with Mindy Kaling, announces the launch of Mindy’s Book Studio, focusing on diverse storytelling. The first two titles include The Vibrant Years by Sonali Dev, publishing on December 1, and I’ll Stop the World by Lauren Thoman, set for April 2023. Readers can access these books early via Amazon First Reads and Kindle Unlimited. Amazon Studios will adapt these works into films. Kaling aims to uplift underrepresented voices in literature.
Amazon announced the expansion of its Global Disaster Relief Hub in
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