Tech Stock News
Friday, March 31, 2023
Amazon.com, Inc (NASDAQ:AMZN) introduced a two-hour delivery option in its main app and website. It reduces the delivery time from days to hours and meeting the immediate needs of consumers. As a result, the e-commerce giant decided to shut down its Prime Now delivery App by the end of this […]
Online small and mid-sized businesses on Amazon.com, Inc. (NASDAQ:AMZN)’s platform are forced to accept a binding arbitration clause. Such clauses in the agreement make online sellers settle the disputes on an individual basis only and outside of the court. Sellers are barred from teaming up Amazon barred the sellers from […]
Amazon.com Inc. (NASDAQ:AMZN) has committed $278 million to the opening of two logistic centers in Italy this year. The company will open a new sortation center and a fulfillment center in the country by fall ahead of the holiday shopping season. Amazon to open new logistic centers in Italy The […]
Itau Unibanco (NYSE:ITUB) has selected amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services (AWS) to be its strategic cloud provider. The bank seeks to enhance efficiency and increase agility in delivering customer-centric services. Pursuing digital transformation with AWS The Latin American bank will leverage AWS’s leading cloud to expedite digital transformation and […]
Amazon.com Inc. (NASDAQ:AMZN) faces antitrust charges from European Union regulators regarding abuse of its dominant position in the eCommerce space. Regulators have also opened a second probe about the e-commerce retailer’s business practices. European Commission accuses amazon of abusing antitrust regulations European Commission’s top antitrust officer, Margrethe Vestager, said that […]
Amazon.com Inc. (NASDAQ:AMZN) has said that this year’s Prime Day shopping event was a unique one whereby third-party sellers earned over $3.5 billion. This is an almost 60% increase in sales from a year ago and a record for small-sized and medium-sized businesses making up the marketplace. Small and Medium-sized […]
Amazon.com, Inc. (NASDAQ:AMZN) has heard this rhetoric before. Over the weekend, President Trump came out and hinted at possible antitrust action against Amazon, Google, and Facebook. It may just be populist jibing ahead of an important election. Or it may be more. Our suspicion is that it is just populist […]
Amazon.com, Inc. (NASDAQ:AMZN) dropped to a new multi-month low on Friday based on Q4 revenue guidance that came materially under analyst assumptions for the new quarter. In addition, the company broke an important streak by guiding its earnings estimates below analyst expectations for the first time this year. If you […]