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 announced the launch of the next-generation Fire 7 and Fire 7 Kids tablets, enhancing their speed, performance, and value. The Fire 7 tablet now features a 30% faster processor and double the RAM, while offering 40% longer battery life for up to 10 hours. Priced at
Simu Liu, famed for his role in Shang-Chi and The Legend of The Ten Rings, has received the IMDb 'Fan Favorite' STARmeter Award, honoring significant page views from over 200 million monthly IMDb users. This recognition coincides with Asian and Pacific Islander Heritage Month, during which IMDb showcases notable talent and projects in this community. Liu has reached the top 10 on the STARmeter chart several times and has been recognized for his work, including a People's Choice Award. He continues to engage audiences with upcoming projects and shares his inspiration as an Asian American actor.
IMDb has launched the What to Watch app exclusively for Fire TV customers in the U.S. The app features interactive mini-games that help users discover movie and TV series recommendations tailored to their moods. Key features include:
- Games like Quick Draw, Watch Challenge, and This or That for personalized suggestions.
- Integration of IMDb user ratings for informed viewing decisions.
- Customizable settings to prioritize titles from preferred streaming services.
This initiative enhances user experience by simplifying the title selection process.
Amazon has announced a $10.6 million investment to build and renovate over 130 affordable homes in Nashville, partnering with the Metropolitan Development and Housing Agency and CrossBridge Inc.. This initiative is part of the Amazon Housing Equity Fund, which has committed over $94 million to affordable housing in Nashville over the last two years. The funds will also support supportive services for individuals overcoming substance abuse. Amazon's commitment aims to create 20,000 affordable homes across various regions including Washington and Arlington.
Amazon has announced a new donation of
Seritage Growth Properties (SRG) announced that Amazon (AMZN) has signed a lease for 123,000 square feet at The Collection at UTC in La Jolla, California. This deal is expected to create over 700 corporate and tech jobs.
The Collection at UTC is 93% leased and includes 212,000 square feet of Class A office and retail space. This marks Seritage's largest office lease to date and is part of a broader vision to develop tech and life science hubs within their property portfolio.
Amazon.com, Inc. (NASDAQ: AMZN) reported Q1 2022 financial results, indicating a 41% decline in operating cash flow to $39.3 billion and a free cash flow outflow of $18.6 billion, compared to an inflow of $26.4 billion last year. Net sales rose 7% to $116.4 billion, with a 9% increase when adjusted for foreign exchange. However, operating income dropped to $3.7 billion, and a net loss of $3.8 billion was reported, largely due to a $7.6 billion valuation loss related to Rivian Automotive. CEO Andy Jassy emphasized ongoing improvements amid inflation and supply chain challenges.
Amazon (NASDAQ: AMZN) announced its Counterfeit Crimes Unit (CCU) collaborated with Salvatore Ferragamo to report a counterfeiter of Ferragamo's Gancini belt in Yiwu City, China. The investigation led to the seizure of hundreds of counterfeit items. Amazon remains committed to combating counterfeits, having invested over $700 million in protections and employing 10,000 staff against fraud. Since launching the CCU in 2020, Amazon has actively worked with law enforcement to uphold brand integrity and protect consumers from inauthentic products.
Amazon has launched a new benefit for Prime members called Buy with Prime, which allows members to shop directly from participating merchants' online stores while enjoying the same trusted experience they have on Amazon.com. Initially available by invitation only for merchants using Fulfillment by Amazon, this feature offers fast, free delivery, seamless checkout, and free returns. Merchants can easily integrate Buy with Prime into their sites, leveraging Amazon's logistics and brand trust to enhance customer relationships.
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