Amazon Com Stock Price, News & Analysis

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.

Simone Ashley, known for her role in Bridgerton, has been awarded the IMDb STARmeter Award in the 'Breakout' category, based on data from IMDbPro. The award recognizes stars who are highly viewed by IMDb's 200 million monthly visitors. Previous winners include notable figures like Regé-Jean Page and Brie Larson. Ashley's popularity surged after Bridgerton's second season debuted on March 25, 2022. She also stars in Sex Education, which has consistently ranked high on IMDbPro's charts.

Amazon released its second Brand Protection Report, emphasizing its dedication to combating counterfeiting and ensuring product authenticity. In 2021, the company invested over $900 million in resources to protect customers and brands. Notable achievements include halting over 2.5 million fraudulent account attempts and seizing more than 3 million counterfeit items. The Brand Registry program grew to include 700,000 brands, while the Counterfeit Crimes Unit increased litigation efforts against counterfeiters by 300%. The report underscores Amazon's commitment to a safe shopping environment.

Amazon Publishing, in collaboration with Mindy Kaling, announces the launch of Mindy’s Book Studio, focusing on diverse storytelling. The first two titles include The Vibrant Years by Sonali Dev, publishing on December 1, and I’ll Stop the World by Lauren Thoman, set for April 2023. Readers can access these books early via Amazon First Reads and Kindle Unlimited. Amazon Studios will adapt these works into films. Kaling aims to uplift underrepresented voices in literature.

Amazon announced the expansion of its Global Disaster Relief Hub in Atlanta, increasing its capacity to store 1 million emergency relief supplies, doubling its previous operations. This initiative is aimed at enhancing the rapid response to natural disasters, supporting over 10 relief organizations. Since 2017, Amazon has delivered over 18 million items during 81 disasters worldwide. With the forecasted hurricane season expecting up to 21 named storms, Amazon is prepared to assist communities in urgent need.

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 $59.99, it provides access to various streaming services and apps. The Fire 7 Kids, priced at $109.99, includes a one-year Amazon Kids+ subscription, a kid-proof case, and a two-year warranty, making it an ideal choice for families. Both products will ship starting June 29.

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.