Amazon Com Stock Price, News & Analysis

Amazon has announced the largest commercial procurement of launch vehicles, securing agreements for up to 83 launches over five years for its Project Kuiper, aimed at expanding global broadband access with a constellation of 3,236 satellites in low Earth orbit.

This initiative involves launches through Arianespace's Ariane 6, Blue Origin's New Glenn, and ULA's Vulcan Centaur rockets. The contracts are expected to foster innovation and create jobs across the space industry in the U.S. and Europe.

Amazon Glow, a new interactive device for children, is now available in the U.S. The device combines video calling with playful features, enabling engaging interactions between kids and remote family members. Users can enjoy a one-year subscription to Amazon Kids+, offering access to nearly 100 games, visual arts activities, and thousands of books from major brands like Disney and Sesame Workshop. Priced at $299.99, Glow aims to create meaningful family connections, transforming video calls into immersive experiences.

Amazon has launched the 'Welcome Door' program to support refugee and humanitarian-based immigrant employees. Key resources include reimbursement for Employment Authorization Document (EAD) renewal fees averaging $500 biennially, a Citizenship Assistance Portal, free legal support, and upskilling opportunities like free college tuition and ESL training. The initiative aims to address barriers faced by refugees in the job market and will be available to U.S. employees starting next month, with global expansion planned by year-end.

JFrog Ltd (NASDAQ: FROG) announced its collaboration with Amazon Web Services (AWS) under the AWS for Games initiative, aimed at enhancing game development. This partnership provides developers with a scalable, secure repository for software packages, leading to improved productivity and security. JFrog's platform supports over 30 package technologies, enabling faster software updates. The gaming market is projected to reach $14B by 2022, and JFrog's tools are designed to meet the growing demands for rapid feature updates. Major gaming companies already utilize JFrog's solutions.

Amazon's eero division has launched two new mesh Wi-Fi systems: the eero Pro 6E and eero 6+, enhancing connectivity and affordability. The eero Pro 6E is the first Wi-Fi 6E-enabled system, offering speeds up to 2.3 Gbps and supporting over 100 devices simultaneously. Meanwhile, the eero 6+ is positioned as the most affordable gigabit-capable system, supporting 75 devices and priced at $239 for a 2-pack. Notably, the eero 6 series now starts at $89, making it accessible for a broader audience.

Presidio, Inc. has announced a strategic collaboration with Amazon Web Services (AWS) to enhance cloud solutions and support for clients' digital transformations. This agreement aims to bridge the skills gap in cloud implementation and management, targeting significant growth in public cloud services, projected at 21.5% for 2022. The collaboration includes training initiatives for Presidio's teams and an expansion of their Managed Service Provider model. Through this partnership, Presidio seeks to streamline clients' transitions to cloud-native services, demonstrating a commitment to advancing cloud technology modernization.

QTS Realty Trust announced an expansion of its connectivity ecosystem with Amazon Web Services (AWS) deploying network infrastructure in its mega data centers located in Chicago, Atlanta, and Piscataway. This long-term agreement provides AWS with high-density colocation, supporting scalable connectivity for AWS customers. QTS facilitates efficient growth for AWS with dedicated resources and enhances its connectivity ecosystem to bolster cloud interconnections and global backbone access. This move aligns with QTS' vision to decentralize network architecture and improve connectivity across major U.S. markets.

Amazon Music has announced its upcoming original documentary, For Love & Country, aimed at highlighting the role of Black artists in the evolution of country music. Directed by Joshua Kissi, the film will premiere on April 7 on Amazon Music and Prime Video. The documentary features interviews and performances from a new generation of Black artists, including Grammy nominees and breakthrough artists. Additionally, an acoustic version of 'Black Myself' by Amythyst Kiah is now available as an Amazon Original.

Amazon has announced a significant investment of $81.7 million to develop 742 new affordable homes in Maryland, part of its commitment to tackle the housing crisis. This follows a total of over $795 million invested in the Arlington-Washington, D.C. area since the launch of the Amazon Housing Equity Fund in January 2021. This initiative aims to create and preserve more than 20,000 affordable homes across multiple regions.