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. reports developments across its online retail marketplace, third-party seller services, Amazon Web Services, advertising, logistics, pharmacy, and digital media businesses. Company news commonly covers financial results, retail and international activity, AWS cloud and generative AI services such as Amazon Bedrock and Graviton processors, and enterprise partnerships that use AWS infrastructure.
Updates also address consumer and business-customer services, including Amazon Business, Amazon Supply Chain Services, prescription delivery through Amazon Pharmacy, and Audible audio storytelling. Other recurring themes include delivery speed, fulfillment and distribution capabilities, seller services, sports and media partnerships, and sustainability-related technology used in Amazon facilities and operations.
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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.
Amazon has announced its annual Prime Day event, set to take place from July 12 at 3 a.m. EDT to July 13. The event features significant discounts on popular brands, including up to 55% off Amazon devices and 50% off Fire TV products. Early deals kick off on June 21, and Prime members can engage in a chance to win prizes by supporting small businesses until July 11. Customers can expect new deals across various categories and an enhanced shopping experience with personalized recommendations and rewards.
Amazon has unveiled its Best Books of the Year So Far for 2022, featuring Shelby Van Pelt's debut novel, Remarkably Bright Creatures, as the top pick. Other notable selections include Stephanie Foo's What My Bones Know and Sabaa Tahir's All My Rage. The list covers various genres and highlights titles perfect for summer reading. Amazon's editorial team meticulously reviews countless books, showcasing their passion for connecting readers with exceptional literature. The authors will discuss their works on Amazon Live on June 15.
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.
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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.