Amazon Com Stock Price, News & Analysis

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.

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.

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.

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.