Amazon Com Stock Price, News & Analysis

Amazon (NASDAQ: AMZN) announced an additional $1 million investment in the Right Now Needs Fund in Northern Virginia for the academic year, aiding students from underserved communities in Arlington, Alexandria, and Fairfax. This initiative, in partnership with Communities In Schools NOVA, helps fulfill essential needs like clothing and school supplies. In its first year, the Fund supported 8,500 students. The company plans to donate backpacks filled with supplies and provide community educational programs, contributing to long-term educational access and equity.

Amazon and GoPro have filed a lawsuit against nine defendants for counterfeiting GoPro's camera accessories, such as 'The Handler' and '3-Way' grip. Filed in the U.S. District Court for Western Washington, the suit claims defendants misused GoPro's trademarks to mislead customers. Amazon proactively closed the defendants' accounts and refunded affected customers. The Counterfeit Crimes Unit, established by Amazon in 2020, plays a key role in combating counterfeit products, having invested over $700 million that year to protect its platform.

Amazon.com, Inc. (NASDAQ: AMZN) announced plans to open a new fulfillment center in Port St. Lucie, FL, creating over 500 full-time jobs with a starting wage of at least $15 per hour and comprehensive benefits. The facility, set to launch in 2022, will be more than one million square feet, enhancing Amazon’s operational capacity in Florida where it currently employs over 52,000 associates. Local leaders express enthusiasm for the economic boost from Amazon's investment, which has reached over $9.5 billion in Florida since 2010.

Amazon (NASDAQ: AMZN) has launched exclusive offers for Prime Student members ahead of the fall semester. New benefits include a six-month trial at half price, and partnerships with Grubhub+, Calm, StudentUniverse, and Course Hero for significant savings. Grubhub+ offers free unlimited delivery for orders over $12, while Calm provides a premium subscription for $8.99/year after a free trial. Discounts on travel and educational resources are also available. Overall, the initiative aims to enhance the value of Prime Student memberships, catering specifically to college students.

Amazon (NASDAQ: AMZN) and Best Buy (NYSE: BBY) unveiled the Insignia F50 Series Fire TVs, enhancing their three-year collaboration. The new TVs feature 4K Ultra HD resolution, Dolby Vision HDR, and integrated Alexa for a superior entertainment experience. With millions of TVs sold and an average rating of 4.4 stars, the Insignia line continues to be a market favorite. Customers can also benefit from a new in-store pickup option for online orders at Best Buy, further simplifying their shopping experience. The F50 Series will be available at Best Buy and Amazon later this summer.

Amazon.com, Inc. (NASDAQ: AMZN) reported strong Q2 2021 financial results, with net sales rising 27% to $113.1 billion compared to Q2 2020. Operating income increased to $7.7 billion, and net income reached $7.8 billion, or $15.12 per diluted share. Operating cash flow grew 16% year-over-year to $59.3 billion, while free cash flow decreased significantly to $12.1 billion. The company announced major investments in employee safety and job creation, including 10,000 new jobs in the UK and over $300 million for safety projects. AWS showed reaccelerating growth, supporting digital transformation for numerous businesses.

ReFrame, the gender equity coalition, and IMDbPro announced that 51% of the most popular scripted TV shows in the 2020-2021 season received the ReFrame Stamp for gender-balanced hiring. This marks the first time over half of these shows meet the criteria. Notably, 50% of shows nominated for Outstanding Drama and Comedy Series also earned the Stamp. The analysis expanded to include the Top 200 shows, revealing a 55% increase in shows earning the Stamp compared to the previous year. ReFrame aims for 100% commitment to equitable hiring in the industry.

Amazon Web Services (AWS) has launched Amazon EBS io2 Block Express volumes, offering a cloud-based SAN solution. This new product enables sub-millisecond latency, 256,000 IOPS, 4,000 MB/s throughput, and 64 TB capacity—marking a 4x increase in performance over existing options. The service boasts a pay-as-you-go model with no upfront fees, allowing customers to scale up without the typical SAN challenges. Major enterprises like Epic Systems and Amway have already reported significant performance improvements using these volumes.

Amazon.com, Inc. (NASDAQ: AMZN) will host a conference call to discuss its Q2 2021 financial results on July 29, 2021, at 2:30 p.m. PT/5:30 p.m. ET. The call will be available via webcast, with audio and presentation slides accessible for three months at www.amazon.com/ir.