Tag: $Amazon

Amazon Prepares for FTC Fight. A Breakup Might Not Be the Worst Outcome for the Stock.

Amazon.com is facing a long-awaited lawsuit from the Federal Trade Commission. While the company being broken up is the most dramatic potential outcome, it might not be the worst outcome for the online retailer and cloud company. 

Amazon to invest up to $4 billion in Anthropic, a rival to ChatGPT developer OpenAI

E-commerce giant Amazon on Monday said it will invest up to $4 billion in artificial intelligence firm Anthropic and take a minority ownership position in the company.

Amazon to add limited ads to Prime Video starting in early 2024

Amazon.com Inc. said Friday it will add limited advertising to its Prime Video product starting in early 2024.

Amazon plans to hire 250,000 US workers for holiday season

Amazon said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers.

Amazon relaunches a delivery service it put on hold during the pandemic

Amazon.com Inc. has relaunched its Amazon Shipping delivery service after a pandemic-era pause, the company confirmed on Friday. The news, reported on earlier in the day by the Wall Street Journal, marks the return of a segment of the online retailer that went head-to-head with the likes of FedEx Corp. FDX, -0.85% and United Parcel Service Inc.

Exclusive: Amazon in talks to become anchor investor in Arm ahead of IPO

Amazon.com is in talks about joining other technology companies as a cornerstone investor in SoftBank Group Corp’s Arm Ltd ahead of its initial public offering (IPO), people familiar with the matter said on Tuesday.

Amazon reports blowout profit, beats on sales and issues optimistic guidance

Amazon reported second-quarter earnings on Thursday that sailed past analysts’ estimates and issued guidance that points to accelerating revenue growth. The stock rose more than 10% in extended trading.

Amazon rolls out its virtual health clinic nationwide

Amazon is rolling out its virtual health clinic service nationwide, the company announced Tuesday.

Amazon dangles deeper ‘Prime Day’ discounts for stressed US shoppers

July 11 (Reuters) – Amazon.com (AMZN.O) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts.

U.S. antitrust regulator plans to target Amazon’s online marketplace

The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.

iRobot Stock Shoots Up After U.K. Approves Sale to Amazon

The British competition regulator approved Amazon U.K.’s ‘s $1.7 billion purchase of iRobot , the maker of smart vacuum cleaners.

Amazon’s cloud unit is considering AMD’s new AI chips

Amazon Web Services, the world’s largest cloud computing provider, is considering using new artificial intelligence chips from Advanced Micro Devices Inc, though it has not made a final decision, an AWS executive told Reuters

Amazon’s Cloud Business Makes a Big Bet on India. Big Tech Loves the World’s Most Populous Country.

Amazon ’s cloud computing unit plans to invest $12.7 billion in India by 2030 to meet growing demand for cloud services in the world’s most populous country, the company announced Thursday.