Amazon Com Stock Price, News & Analysis

Amazon has announced an investment of over $42.5 million to construct 318 affordable homes in Washington state, part of its broader $300 million commitment to affordable housing near public transit. Over the past 14 months, Amazon has allocated more than $344.3 million in Puget Sound, increasing affordable housing units by 20% in Bellevue. The company's Housing Equity Fund aims to create 20,000 affordable homes, benefiting moderate to low-income families and enhancing community access to jobs and services.

Amazon and Global Optimism announced that over 300 companies have now signed The Climate Pledge, marking nearly 600% growth in one year. This new wave includes Maersk, SAP, Weyerhaeuser, Sunrun, and HARMAN, collectively generating over $3.5 trillion in annual revenues. Signatories commit to reducing greenhouse gas emissions and achieving net-zero emissions by 2040. Amazon's participation has so far reduced emissions equivalent to 50 million vehicle miles. The initiative aligns with the Paris Agreement to combat climate change.

Mogo Inc. announced the appointment of Allan Smith as Head of its digital payments subsidiary, Carta Worldwide. This follows Mogo's acquisition of Carta in January 2021, which has significantly increased the company's market reach, targeting a global payments market projected to hit $2.5 trillion by 2023. In 2021, Carta's processing volume rose over 50% to approximately $8.5 billion. Smith brings 15 years of fintech leadership experience, including roles at SoFi and Amazon, and aims to drive Carta's growth amid rising digital payment adoption.

Amazon has expanded its Career Choice program, partnering with over 140 U.S. universities to provide fully-funded college tuition for its 750,000 hourly employees. This initiative, part of Amazon's $1.2 billion Upskilling 2025 commitment, aims to upskill 300,000 employees by 2025. Texas employees will benefit from partnerships with local institutions such as University of Texas at Dallas and Texas State University. Additionally, Amazon offers free high school completion, GED preparation, and English proficiency training, enhancing employee career advancement opportunities.

IMDb has awarded the inaugural IMDb “Icon” STARmeter Award to Salma Hayek Pinault in celebration of the 20th anniversary of IMDbPro. This award aims to recognize influential actors based on popularity among the platform's over 200 million monthly visitors. Hayek Pinault, known for her roles in notable films such as Eternals and House of Gucci, emphasized the ongoing fight for gender equality in the industry during her acceptance speech. IMDb is also honoring Women’s History Month with special content focusing on women's contributions to entertainment.

Amazon expands its Career Choice program by partnering with more than 140 universities to offer fully-funded college tuition for its 750,000 hourly employees in the U.S.. This initiative complements the company's $1.2 billion commitment under the Upskilling 2025 pledge, aiming to upskill over 300,000 employees by 2025. The partnerships include well-known institutions like Southern New Hampshire University and Western Governors University, enhancing career advancement opportunities through various educational programs for employees.

Amazon has announced that its Luna cloud gaming service is now available to all customers in the United States. The service offers a new Prime Gaming Channel with a selection of free games for Prime members, and introduces two new channels: Retro Channel and Jackbox Games Channel. New features include live broadcasting to Twitch and the option to use smartphones as controllers. Subscription pricing begins at $9.99 for Luna+ and $5.99 for the Family Channel, with founder’s pricing available for early subscribers.

Code-X, Inc. has partnered with Amazon Web Services (AWS), a subsidiary of Amazon.com (NASDAQ: AMZN), to integrate Code-X's security software into the AWS ecosystem. This collaboration, part of AWS's Independent Software Vendor Accelerate Program, aims to enhance security capabilities by safeguarding data from creation throughout its lifecycle. The partnership supports national security initiatives, emphasizing secure edge computing. The collaboration is showcased at the St. Pete Grand Prix from February 25-27, where Code-X's branding will appear on the race car.