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 Studios partners with Homeboy Industries to support poll workers on Election Day by providing meals in Los Angeles County. Targeting under-resourced areas like East LA and Compton, the initiative aims to serve around 800 poll workers at 55 voting centers. Homeboy Industries' Feed HOPE program will prepare the meals, contributing to over 150,000 meals delivered during the pandemic. This partnership emphasizes community support during a challenging election period, aiming to enhance civic engagement and support local communities.
Amazon Web Services has launched AWS Nitro Enclaves, a new feature aimed at enhancing security for processing sensitive data. This capability provides a highly isolated environment for applications, ensuring that data remains inaccessible to even the owner. Nitro Enclaves supports various instance types and integrates with AWS Key Management Service for secure data processing. Customers can now better protect critical information such as financial data and healthcare records, addressing requests for improved security measures. Availability spans multiple global regions.
Amazon plans to open its first fulfillment center in Papillion, Nebraska, expected to launch in 2021, creating 1,000 full-time jobs with competitive pay and benefits from day one. Employees will utilize Amazon robotics to manage shipping of various small items. The company offers a starting wage of $15 per hour, along with comprehensive benefits including medical insurance and a 401(k). The investment is anticipated to generate approximately $204 million in local economic impact annually.
Amazon announced that over 35,000 Operations employees were promoted in 2020 and 30,000 employees utilized the Career Choice program. The company will also create 100,000 seasonal jobs across the US and Canada, aimed at providing flexible job options during the holiday season. The seasonal roles offer benefits and opportunities for career advancement. Amazon's commitment to employee growth was highlighted with a focus on its Career Choice program, which helps workers gain skills in high-demand fields.
Amazon.com announced plans to open its first fulfillment center in Waco, Texas, expected to launch in 2021. This facility will create over 1,000 new full-time jobs with competitive pay and comprehensive benefits from day one. The 700,000 square-foot center will handle small item shipments including electronics and toys. Since 2010, Amazon has generated over 43,000 jobs in Texas and invested $16.9 billion, impacting the state's GDP significantly.
Amazon (AMZN) and J.L. Childress have filed a lawsuit against 11 individuals for counterfeiting Childress’ products, including travel bags for car seats and strollers. Filed in the U.S. District Court for the Western District of Washington on August 10, the lawsuit claims that the defendants conspired to sell counterfeit products on Amazon's platform. Amazon has invested over $500 million in anti-counterfeit measures, resulting in 99.9% of products viewed by customers being free of valid counterfeit complaints.
Amazon (AMZN) has announced support for over a thousand charities globally through product and monetary donations, aimed at providing essential items to communities in need. This initiative will commence immediately across multiple countries, including the U.S., U.K., and India. Celebrity partnerships, like with Gabrielle Union, will help promote the campaign. AmazonSmile will facilitate donations, contributing over $215 million to charities to date. Key organizations like Covenant House and Second Harvest Food Bank will receive specific aid, enhancing Amazon's commitment to community support during the ongoing challenges of the pandemic.
Amazon.com (NASDAQ: AMZN) announced plans to open two new fulfillment centers in Kansas, expected to create over 1,000 full-time jobs with competitive pay and benefits starting immediately. These centers will focus on shipping large items like patio furniture. Amazon also plans to establish a delivery station in Wichita. The company has invested over $700 million in employee training and generated more than $2.9 billion in Kansas, contributing significantly to the local economy with job creation and GDP growth.
Amazon (NASDAQ:AMZN) has launched its Holiday Dash deals event, offering early Black Friday deals with significant discounts across various categories including toys, fashion, electronics, and home products. Customers can access daily deals at amazon.com/holidaydash and through the Amazon App, promoting early shopping and a wide selection of products. Amazon is also providing over a million deals worldwide, along with extended return policies for items purchased during the holiday season. Prime members have access to exclusive savings and fast delivery options, enhancing the overall shopping experience.
Amazon.com, Inc. (NASDAQ: AMZN) is set to hold a conference call on October 29, 2020, at 2:30 p.m. PT to discuss its third quarter 2020 financial results. The call will be available via live webcast, and the audio along with associated presentation slides will remain accessible for at least three months on the company's investor relations page at www.amazon.com/ir.
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