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.
(NASDAQ:AMZN)—Amazon has announced the Prime Day Show, a three-part musical event featuring artists Billie Eilish, H.E.R., and Kid Cudi, premiering on June 17 on Prime Video. The shows, available for 30 days, blend music and storytelling in unique settings, such as Paris and outer space. Eilish will release exclusive merchandise on the same day. The announcement coincides with Prime Day on June 21-22, during which members will enjoy over 2 million deals. Subscribers can access the official Prime Day Show playlist now on Amazon Music.
Amazon (NASDAQ: AMZN) has launched the Amazon Returnship program, aimed at helping professionals, particularly women, re-enter the workforce after job loss or underemployment, especially due to COVID-19. The initiative plans to hire 1,000 professionals, offering a 16-week paid opportunity in various roles. Participants receive tailored support and coaching, with the potential for full-time positions afterward. The program reflects Amazon's commitment to upskilling the workforce, aligning with its goal to provide free cloud computing training to 29 million people globally.
Amazon was ranked the No. 1 U.S. company for investment by the Progressive Policy Institute (PPI) for the second consecutive year. In 2020, Amazon invested $34 billion in American infrastructure, resulting in over 400,000 new jobs. The investments included logistics, green initiatives, and tech expansions, bolstering economic recovery during the pandemic. Amazon's infrastructure projects aim to enhance delivery, promote sustainability, and support community health.
(NASDAQ: AMZN)—Amazon has announced its annual Prime Day event scheduled for June 21 and 22, featuring over 2 million deals across various categories. The event is available to Prime members in multiple countries and includes exclusive offers on fashion, electronics, and more. Amazon is dedicating over $100 million to support small businesses during this period. Additionally, Amazon is hiring 75,000 new employees and increasing pay for its fulfillment network. However, Prime Day plans are postponed in Canada and India due to COVID-19 concerns.
Amazon Web Services (AWS) has launched Amazon Location Service, a new service designed to provide cost-effective location functionalities for applications. Utilizing data from Esri and HERE Technologies, the service allows for features like mapping, geocoding, and tracking at a cost as low as 1/10th of typical providers. Emphasizing user privacy, the service ensures that customer location data is protected and not shared with third parties. AWS aims to simplify the integration of location services, allowing businesses to focus on application development without the overhead of complex setups.
IMDb has launched IMDb Trivia, a live monthly virtual game starting June 8, 2021, at 12 pm PDT/3 pm EDT. This interactive event allows fans to test their knowledge of movies and TV shows, with the first theme centered on the Marvel Cinematic Universe. Participants can sign up for free at www.imdbtrivia.com. Hosted by notable IMDb personalities, the game will award prizes to the top 10 players, including various Amazon streaming devices. This initiative aims to enhance audience engagement and utilize IMDb’s rich database effectively.
Amazon (NASDAQ: AMZN) has launched its first Disaster Relief Hub in Atlanta, designed to enhance response to natural disasters across the southeastern U.S., the Caribbean, and Central America. This hub will store over half a million emergency supplies, enabling rapid deployment when disasters strike. The initiative supports partnerships with six global humanitarian organizations, utilizing Amazon's logistics to provide essential relief supplies quickly. Since 2017, Amazon has donated over $29 million toward disaster relief.
Amazon Web Services (AWS) has announced the general availability of Amazon Elastic Container Service (ECS) Anywhere, allowing customers to run container-based applications on-premises using the same APIs and management tools as in AWS. This fully managed service eliminates the need for manual orchestration on local infrastructure, enhancing operational efficiency. Available in numerous regions, ECS Anywhere supports businesses aiming for seamless integration of on-premises and cloud operations without upfront fees. Prominent companies like Siemens and CyberAgent are already leveraging this service.
Amazon (NASDAQ: AMZN) has announced a definitive merger agreement to acquire MGM for $8.45 billion. This acquisition aims to enhance Amazon Studios' offerings by integrating MGM's extensive library of over 4,000 films and 17,000 TV shows. The deal is expected to preserve MGM’s heritage while expanding storytelling opportunities. The completion of the transaction is contingent on regulatory approvals and customary closing conditions.
Amazon Web Services (AWS) has announced the launch of a new infrastructure region in the United Arab Emirates (UAE) in the first half of 2022. This AWS Middle East (UAE) Region will feature three Availability Zones and is aimed at enhancing cloud services in the region. This expansion follows the existing AWS Region in Bahrain, promoting local data residency and lower latency for UAE customers. AWS now operates 80 Availability Zones globally and plans further expansion, reinforcing its commitment to technological innovation in the UAE's growing digital economy.
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