Amazon Com Stock Price, News & Analysis

Amazon (NASDAQ: AMZN) has announced registration for its annual seller conference, Accelerate 2022, taking place in Seattle on September 14-15, 2022. This year's conference will feature keynote speakers such as Doug Herrington, the new CEO of Worldwide Amazon Stores, and Venus Williams, a renowned entrepreneur. Attendees can expect major announcements, breakout sessions, and personalized event experiences aimed at enhancing their selling journey, both in-person and virtually.

The Amazon Literary Partnership has announced over $1 million in funding to 74 nonprofits in the U.S. This initiative supports diverse and marginalized voices in literature, empowering writers through various programs. Noteworthy grants include $140,000 awarded to the Academy of American Poets and the Community of Literary Magazines and Presses. Since 2009, the partnership has distributed more than $15 million to over 160 organizations, significantly impacting writers and the literary community.

Amazon has initiated legal action against over 10,000 Facebook groups promoting fake reviews in exchange for money or products. This lawsuit targets fraudulent activities across various countries, including the U.S., UK, Germany, France, Italy, Spain, and Japan. Amazon aims to enhance its measures against fraudulent reviews, having already blocked millions of suspicious reviews yearly. The company has previously reported over 10,000 fake review groups to Meta, resulting in significant removals. This action underscores Amazon's commitment to customer protection and the integrity of its review system.

IMDb will host a three-day event at San Diego Comic-Con from July 21-23, featuring exclusive portrait studios, a Meta studio for social media content, and original celebrity interviews. The IMDboat will dock at Fifth Avenue Landing, serving as a floating content-creation studio for casts of major shows like The Lord of the Rings: The Rings of Power and Shazam! Fury of the Gods. Fans can experience special events, including a cast party for A24's Bodies Bodies Bodies, and interactive experiences sponsored by Conair and Prime Video.

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.