Welcome to our dedicated page for Amazon.Com news (Ticker: AMZN), a resource for investors and traders seeking the latest updates and insights on Amazon.Com stock.
Amazon.com, Inc. (NASDAQ: AMZN) is a leading multinational technology company based in the United States, renowned for its expansive e-commerce platform, robust cloud computing services, advanced artificial intelligence capabilities, digital streaming services, and online advertising. Founded in 1994 by Jeff Bezos, Amazon has grown into the world’s largest online retailer and marketplace for third-party sellers, with retail-related revenue contributing approximately 75% of its total income. International sales, particularly from Germany, the United Kingdom, and Japan, make up 25% to 30% of non-AWS sales.
Amazon Web Services (AWS), a pivotal segment contributing around 15% to its revenue, provides cloud computing, storage, and database solutions, and is integral to numerous enterprise operations worldwide. AWS has recently announced several innovative capabilities, including the addition of new models and features to Amazon Bedrock, enhancing generative AI applications. Amazon also extends its focus on artificial intelligence with the launch of Amazon Q Developer and Business, aimed at improving coding accuracy and leveraging enterprise data, respectively.
In e-commerce, Amazon continuously innovates to improve customer experience, such as its recently introduced grocery delivery subscription for Prime members, which offers unlimited grocery deliveries from Amazon Fresh, Whole Foods Market, and other local stores. The company also recently announced a significant partnership extension with Whole Foods Market, ensuring a continued supply chain relationship through 2032. Additionally, Amazon has expanded its entertainment footprint, offering a broad range of original content through Amazon Studios and streaming exclusive sports events on Prime Video.
The company’s commitment to operational excellence is reflected in its latest financial results for Q1 2024, with net sales increasing by 13% year-over-year to $143.3 billion and operating income reaching $15.3 billion, significantly up from $4.8 billion in the previous year. Amazon’s strategic investments in infrastructure, such as new AWS regions and data centers, further underscore its dedication to growth and innovation. Guided by principles like customer obsession and long-term thinking, Amazon continuously seeks to enhance its diverse portfolio of products and services to meet evolving customer needs globally.
Amazon (NASDAQ: AMZN) has launched Kindle Vella, an innovative mobile-first platform for serialized storytelling, available in the U.S. via the Kindle iOS app. The service allows stories to be released in short episodes, with the first three available for free. Readers can unlock further episodes using Tokens purchased within the app. Kindle Vella offers features such as tagging, following stories, and leaving feedback. Thousands of episodes are already available, with contributions from bestselling authors. The initiative aims to enhance reader engagement and cater to the growing demand for quick, on-the-go reading experiences.
Amazon (NASDAQ: AMZN) has announced a commitment to hire over 100,000 U.S. veterans and military spouses by 2024. Currently, the company employs over 40,000 individuals from these communities, with a starting wage of at least $15 per hour. Amazon's initiatives include specialized training programs to aid in the transition of military talent into high-demand careers. The hiring goal is praised by industry leaders, highlighting the potential to strengthen the workforce through diverse experiences. Additionally, veterans and military spouses will have access to various upskilling opportunities and support programs.
IMDb has released its list of the Top 10 New Television Shows of 2021 based on user ratings. Loki from the Marvel Cinematic Universe ranked first, followed by Invincible (#2), It’s a Sin (#3), and Mare of Easttown (#4). The list highlights shows airing or streaming their first season from January 1 to June 22, 2021, with each title receiving ratings from at least 10,000 users. IMDb continues to provide valuable insights into trending TV content.
Amazon Prime Video will premiere the highly-anticipated anime film EVANGELION:3.0+1.01 THRICE UPON A TIME globally on August 13. This film, the concluding chapter of the renowned Evangelion series, was the highest-grossing film directed by Hideaki Anno and had record-breaking box office success in Japan in 2021. To complement the release, Prime Video will also stream the first three films of the franchise in over 240 countries. The movie will be available in 10 languages and includes subtitles in 28 languages, enhancing accessibility for a global audience.
BetterInvesting Magazine has named Amazon (NASDAQ: AMZN) as its "Stock to Study" and Centene (NYSE: CNC) as its "Undervalued Stock" for the September 2021 issue, aiming to inform and educate investors. This selection is part of BetterInvesting's commitment to empower individuals towards financial independence. The organization has been providing investment education for nearly 70 years. More details on Amazon and Centene's investment potential can be found through BetterInvesting's online tools.
Amazon Web Services (AWS) has been selected by Swisscom as its preferred public cloud provider, aligning with Swisscom's cloud-first strategy to enhance IT agility and operational efficiency. This partnership will facilitate the migration of core applications, leveraging AWS's infrastructure for a cloud-native 5G Core and supporting analytics, machine learning, and data warehousing services. Swisscom aims to modernize its offerings, reduce complexity, and improve scalability while expecting new growth opportunities through enhanced 5G capabilities.
AWS has launched the AWS BugBust Challenge, a global event inviting developers to eliminate one million software bugs collectively. Developers can create AWS BugBust events via Amazon CodeGuru, competing to fix bugs and achieve $100 million in technical debt savings. Participants can earn prizes, badges, and a chance to attend AWS re:Invent 2021 in Las Vegas. This initiative aims to enhance code quality, reduce the tediousness of code reviews, and allow developers to focus on innovation while improving application performance.
Amazon (NASDAQ: AMZN) has filed a joint lawsuit with Asmodee Group against two defendants for allegedly counterfeiting the popular card games Dixit: Daydreams Expansion and Dixit: Revelations Expansion. The lawsuit, filed in the U.S. District Court for the Western District of Washington, accuses the defendants of infringing Asmodee’s trademarks and selling counterfeit products on Amazon. Amazon's Counterfeit Crimes Unit has already closed the defendants' account and refunded affected customers. In 2020, Amazon invested over $700 million to combat counterfeiting.
Amazon announced that Prime Day 2021 was a record-breaking event, achieving the biggest two-day sales period for third-party sellers, mostly small and medium-sized businesses. Prime members globally shopped more than 250 million items and saved more than ever before. The Spend $10, Get $10 promotion resulted in over $1.9 billion spent on small business products, marking a 100% year-over-year increase. Popular items included Fire TV Stick 4K, iRobot Roomba, and various electronics. Prime now serves over 200 million members worldwide.
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