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 Games, in partnership with Smilegate RPG, has launched the free-to-play MMORPG Lost Ark on PC via Steam. Players embark on adventures in the world of Arkesia, featuring 15 hero classes and extensive customization options. The game includes various end-game content, from dungeons to PvP modes. With millions of players in Korea, Russia, and Japan, Lost Ark aims to attract a global audience by offering content in multiple languages. The game is available for download now, with starter packs available for purchase on Steam and Amazon.
Amazon.com, Inc. (NASDAQ: AMZN) reported Q4 2021 results showing a 9% increase in net sales to $137.4 billion, despite a decrease in operating income to $3.5 billion. Net income surged to $14.3 billion, influenced by an $11.8 billion gain from Rivian Automotive's IPO. Operating cash flow dropped by 30% to $46.3 billion, and free cash flow fell to a $9.1 billion outflow. Full-year net sales rose 22% to $469.8 billion, and operating income increased to $24.9 billion. Amazon plans to raise Prime membership fees due to rising costs and significant expansions in services.
Amazon Original Stories announces the release of Trayvon: Ten Years Later, an essay by Sybrina Fulton, mother of Trayvon Martin. The essay reflects on her loss, the ongoing fight for social change, and the lessons learned over a decade. Fulton emphasizes the importance of community safety, love, and equity, encouraging readers to initiate positive transformations. The essay is available at no extra cost for Prime and Kindle Unlimited members. This release positions Amazon as a promoter of significant social narratives, highlighting its commitment to impactful storytelling.
Amazon.com (NASDAQ: AMZN) will host a conference call on February 3, 2022, at 2:30 p.m. PT to discuss its Q4 2021 financial results. The call will be streamed live, with audio and presentation slides available for three months following the event on www.amazon.com/ir.
Mogo Inc. (NASDAQ:MOGO) has appointed Allan Smith as its first Chief People Officer. Smith, with 15 years of experience in human resources, previously worked at SoFi (NASDAQ:SOFI) and Amazon (NASDAQ:AMZN). His expertise is expected to enhance Mogo's talent retention and organizational growth. CEO David Feller expressed optimism about Smith's leadership capabilities in scaling their fintech operations. Mogo serves nearly 1.8 million members with various digital financial solutions, including a prepaid card and cryptocurrency trading services.
Lockheed Martin (LMT), Amazon (AMZN), and Cisco (CSCO) are collaborating to integrate advanced human-machine interface technologies into NASA's Orion spacecraft for the Artemis I mission. This partnership aims to demonstrate how astronauts can leverage voice technology, AI, and video collaboration in deep space. The Callisto demonstration will feature Amazon Alexa and Webex technologies, enabling improved communication and operational efficiency during missions. Scheduled for early 2022, Artemis I will test these capabilities, potentially benefiting future crewed missions and engaging the public in space exploration.
Amazon (NASDAQ: AMZN) and Stellantis (Euronext Paris: STLA) have entered into a multi-year partnership to enhance in-vehicle experiences with the launch of STLA SmartCockpit in 2024. This collaboration positions AWS as Stellantis' preferred cloud provider, facilitating the development of innovative digital products. As part of their sustainability efforts, Amazon will also be the first commercial customer for the new Ram ProMaster Battery Electric Vehicle. This strategic alliance aims to transform Stellantis into a software-driven mobility tech leader.
Amazon has announced plans to create over 550 corporate and tech jobs in Tempe, Arizona, enhancing its Phoenix Tech Hub. These positions will span various roles including software engineers and project managers, reinforcing Amazon’s commitment to growth. The company has already established 5,000 jobs in the Phoenix area and will expand its office space by 63,000 square feet. This initiative reflects Amazon's investment strategy, aiming to create 3,000 jobs across multiple cities including Austin and Chicago. Additionally, Amazon supports local educational programs and communities in Arizona.
Amazon plans to create over 2,000 corporate and tech jobs at its Austin Tech Hub over the coming years, building on the existing 3,000 staff. This expansion will involve roles in Operations Technology, Amazon Retail, Amazon Business, and AWS, among others. To support this growth, Amazon is leasing a new 330,000 square foot office in Austin, set to open in early 2024. This initiative is part of a broader effort to generate 3,000 jobs across Austin, Chicago, and Phoenix, enhancing the local economy and workforce opportunities.
IMDb has announced its list of the most anticipated movies and series of 2022, determined by actual page views from over 200 million monthly visitors. The top movie is The Batman, followed by Scream and Thor: Love and Thunder. The most anticipated series includes House of the Dragon and The Lord of the Rings. IMDb's rankings provide clear insights based on real viewer interest, helping fans track upcoming entertainment easily.
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