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 expands its Career Choice program by partnering with more than 140 universities to offer fully-funded college tuition for its 750,000 hourly employees in the U.S.. This initiative complements the company's $1.2 billion commitment under the Upskilling 2025 pledge, aiming to upskill over 300,000 employees by 2025. The partnerships include well-known institutions like Southern New Hampshire University and Western Governors University, enhancing career advancement opportunities through various educational programs for employees.
Amazon has announced that its Luna cloud gaming service is now available to all customers in the United States. The service offers a new Prime Gaming Channel with a selection of free games for Prime members, and introduces two new channels: Retro Channel and Jackbox Games Channel. New features include live broadcasting to Twitch and the option to use smartphones as controllers. Subscription pricing begins at
Code-X, Inc. has partnered with Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), to integrate Code-X's security software into the AWS ecosystem. This collaboration, part of AWS's Independent Software Vendor Accelerate Program, aims to enhance security capabilities by safeguarding data from creation throughout its lifecycle. The partnership supports national security initiatives, emphasizing secure edge computing. The collaboration is showcased at the St. Pete Grand Prix from February 25-27, where Code-X's branding will appear on the race car.
Amazon (NASDAQ: AMZN) has initiated legal action against fake review brokers like AppSally and Rebatest to combat fraudulent product reviews that compromise customer trust. These lawsuits aim to shut down operations of these brokers, who allegedly recruit members to post misleading reviews across various platforms, including Amazon. In 2020 alone, Amazon thwarted over 200 million suspected fake reviews. This legal move underscores Amazon’s commitment to maintaining a trustworthy shopping environment, having previously succeeded in similar legal actions in Germany and the UK.
Lauren Ridloff, known for her roles in Eternals and The Walking Dead, has received the IMDb “Fan Favorite” STARmeter Award, based on data from over 200 million monthly IMDb visitors. This recognition coincides with Black History Month, during which IMDb showcases Black talent through exclusive videos and galleries. Ridloff's prominence on the STARmeter chart has been fueled by her performances in these top-rated productions. IMDb also celebrates her achievements and invites fans to view her award acceptance video.
Mindy Kaling has partnered with Amazon Publishing and Amazon Studios to launch Mindy's Book Studio, a boutique publishing initiative focused on diverse voices. Starting in late 2022, the studio will publish various genres, including romantic comedies and suspenseful dramas featuring strong female leads. Additionally, Amazon Studios will adapt these works into feature films for Prime Video, with Kaling holding the first-producer option. Kaling's debut novel and a new essay collection are also set for publication through Amazon Publishing in the coming years.
Capital Square 1031 announced the acquisition of a 2,690,000-square-foot distribution facility in Bondurant, Iowa, under a long-term lease to Amazon.com (AMZN). This investment, valued at $52.2 million, is part of a DST offering aimed at accredited investors seeking tax advantages through Section 1031 exchanges. The facility, designed with advanced technology, can process nearly one million packages daily. Amazon's investment-grade credit rating of AA enhances the offering’s appeal, presenting both significant tax efficiency and exceptional economics for investors.
Amazon Music has announced BRELAND as its next Breakthrough Artist, recognizing his innovative blend of hip-hop and country. He will benefit from a global campaign featuring enhanced playlist visibility, marketing opportunities, and an Amazon Original song. The Breakthrough program also introduced the Breakthrough Development Fund to support independent artists financially, assisting with costs like hiring PR teams and funding tours. Since 2022, this initiative has already backed artists like Lauren Spencer-Smith and Muni Long, showcasing Amazon's commitment to nurturing new talent.
Amazon continues to build anticipation for its upcoming series The Lord of the Rings: The Rings of Power, releasing its first teaser during Super Bowl LVI on
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