Amazon Com Stock Price, News & Analysis

Amazon has announced a new donation of $2.2 million to its Right Now Needs Fund, aimed at supporting underserved students in the Puget Sound region. Since its inception in 2018, Amazon has contributed over $8 million, aiding more than 55,000 requests for necessities like food, clothing, and school supplies across all schools in Seattle Public Schools and Bellevue School District. The latest donation will specifically benefit 106 schools in Seattle and 29 in Bellevue, addressing pressing needs for families facing financial hardships.

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 plans to create over 2,500 corporate and technology jobs in California over the coming years, enhancing its Tech Hubs in San Diego, Santa Monica, and Irvine. The expansion aims to recruit local talent, following the creation of more than 17,000 jobs in 2021. New roles will focus on cloud infrastructure, Alexa, and gaming, with Amazon committing substantial investments to bolster California's economy.

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.

Amazon has announced 37 new renewable energy projects, adding 3.5 GW to its portfolio and advancing its goal to run on 100% renewable energy by 2025, five years ahead of its original target. This expansion increases Amazon's total renewable capacity to 15.7 GW across 310 projects in 19 countries. The projects are projected to avoid 17.3 million metric tons of carbon emissions annually. CEO Andy Jassy emphasized the company's commitment to sustainability and leadership in renewable energy procurement.

Amazon.com, Inc. (NASDAQ: AMZN) has scheduled a conference call to discuss its Q1 2022 financial results on April 28, 2022, at 2:30 p.m. PT/5:30 p.m. ET. This event will be webcast live, allowing access to the audio and associated slides for at least three months post-event. Stakeholders can access the information via www.amazon.com/ir.

Amazon has announced a commitment of $10 million to fund 250 scholarships for high school seniors from underserved communities through its Future Engineer program. Each recipient will receive $40,000 for college, alongside a paid internship at Amazon after their freshman year. This investment more than doubles last year's funding, totaling $22 million awarded since 2019 to 550 students. The initiative aims to increase diversity in the STEM fields, with over 70% of recipients identifying as Black, Latinx, or Native American.