Amazon Com Stock Price, News & Analysis

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.

On June 23, 2021, Amazon Web Services (AWS) and Salesforce announced a significant expansion of their strategic partnership. This initiative aims to streamline customer experiences by integrating AWS and Salesforce capabilities for faster application development. Key highlights include new low-code tools for quicker app creation, real-time data interchange for improved workflows, and enhanced security integration. Customers can expect pre-built applications leveraging AWS AI/ML services, starting with solutions tailored for industries like healthcare. The partnership marks a pivotal step in digital transformation across various sectors.

Amazon (NASDAQ: AMZN) has launched 14 new renewable energy projects in the U.S., Canada, Finland, and Spain, aiming to achieve 100% renewable energy by 2025. This initiative accelerates their goal by five years, and their total renewable energy capacity now stands at 10 GW, enough to power 2.5 million U.S. homes. This expansion includes Amazon's first solar projects in Arkansas, Mississippi, and Pennsylvania, as well as the largest solar farm in Canada. The move will support job creation and demonstrate Amazon's commitment to tackling climate change.

Amazon (Nasdaq:AMZN) has announced the 2021 recipients of the Amazon Future Engineer Teacher of the Year Award, honoring ten educators for their impact on underserved communities in computer science and robotics. Each awardee receives over $30,000 in prizes, including $25,000 for educational programs and a $5,000 cash award. This initiative aligns with Amazon's broader commitment to STEM education, aiming to reach 1.6 million students in underrepresented communities globally. The Amazon Future Engineer program also offers scholarships and internships to encourage student engagement in technology.

Amazon Web Services (AWS), a subsidiary of Amazon (NASDAQ: AMZN), has partnered with Ferrari to become its Official Cloud, Machine Learning, and AI Provider. This collaboration aims to enhance innovation in Ferrari’s vehicle design, performance, and customer engagement. Ferrari will utilize AWS’s infrastructure and services to streamline car development, including complex simulations and data analytics for performance insights. Additionally, Scuderia Ferrari plans to launch a digital fan engagement platform using AWS to connect with millions of fans globally through personalized content.

Amazon (AMZN) announces Prime Day 2021, starting June 21 at 12 a.m. PDT, featuring over 2 million deals across 20 countries, the largest in its 7-year history. Prime members can enjoy significant savings on a wide array of products, from electronics to fashion and home goods. Promotions include discounts on Amazon devices, small businesses, and seasonal items from Whole Foods. Additionally, customers can access exclusive offers leading up to Prime Day. Amazon emphasizes its commitment to providing exceptional shopping and entertainment experiences for its Prime members.

Amazon Studios has unveiled a comprehensive Inclusion Policy and Inclusion Playbook aimed at enhancing diversity, inclusion, and equity in its content and productions. Key goals include ensuring at least 30% representation of women and underrepresented racial/ethnic groups in key creative roles, aiming for 50% by 2024. Additional measures include inclusive casting practices and vendor diversity. These initiatives reflect Amazon's commitment to accountability in amplifying diverse voices in storytelling, supported by industry experts and organizations.

Amazon plans to establish its second robotics fulfillment center in Baton Rouge, Louisiana, creating over 1,000 full-time jobs with a starting wage of $15 per hour and comprehensive benefits. The new 820,000 square-foot facility will handle smaller items like books and electronics. Amazon's investments in Louisiana from 2010-2019 totaled $250 million, contributing an additional $220 million to the state’s economy and creating over 750 indirect jobs. The company emphasizes health, safety, and employee career development through programs such as Career Choice.

Amazon (NASDAQ: AMZN) announced a $75 million commitment to develop 800 affordable homes in Nashville, Tennessee, as part of its Housing Equity Fund, totaling over $2 billion aimed at creating more than 20,000 affordable units nationwide. This initiative supports moderate- to low-income families and enhances access to public transit, education, and essential services. The investment will prioritize projects near WeGo transit corridors, directly benefiting local communities and fostering long-term stability for residents.