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The Latest Breaking News from Amazon.com Inc

Amazon Consummates MGM Deal Post Clean Chit From Regulators

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Benzinga · Mar 17, 2022

1Huddle To Help Amazon's Audible In Employee Training

Workforce tech company 1Huddle has signed a $1 million deal with Amazon.com Inc's (NASDAQ:AMZN) audio storytelling creator, Audible. The partnership will make 1Huddle's offerings available to Audible employees through onboarding and learning. 1Huddle's gamified approach will help Audible launch new ways to train and develop its employees, moving beyond traditional methods. "Data shows most traditional job training…

Benzinga · Mar 16, 2022

Amazon Introduces Game Replicating Metaverse to Help Users Learn Cloud Computing

Amazon.com Inc (NASDAQ:AMZN) launched an online role-playing game to help the users pick up cloud-computing skills. AWS Cloud Quest: Cloud Practitioner allows the users to create their avatar who moves through a virtual city, helping its denizens solve technology-related cloud issues, CNBC reports. Also Read: Read How Facebook’s Metaverse Ambitions Are Shaping Up In Mark…

Benzinga · Mar 16, 2022

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China's Lockdown Of Tech Hubs To Hamper Amazon, Walmart's Online Delivery: Report

China's recent lockdown looks to hamper the online order delivery of global e-commerce firms like Amazon.com Inc (NASDAQ:AMZN) and Walmart Inc (NYSE:WMT), Bloomberg reports. China had to initiate lockdowns and restrictions in its crucial manufacturing hubs like Shenzhen and Dongguan following a Covid-19 resurgence. Related Content: China Restricts Activities In Shenzhen, Shanghai Following Covid-19 Resurgence The…

Benzinga · Mar 15, 2022

Amazon Announces 20-For-1 Stock Split, Share Buyback: Here Are The Details

Amazon.com Inc (NASDAQ: AMZN) made two big announcements after market close Wednesday.

Benzinga · Mar 9, 2022

Here's How Amazon Looks To Cope Up With Booming Demand For Delivery

In late February, Amazon.com Inc (NASDAQ:AMZN) informed its U.S. gig workers who fetch delivery items would become its Whole Foods division's employees with more extended shifts, CNBC reports. Whole Foods' recent job post disclosed that the schedules would be made three weeks in advance and cover two-week periods. The job post contradicted Amazon…

Benzinga · Mar 9, 2022

Want To DJ Your Own Live Radio Show? Amazon Launched An App For It

Amazon.com Inc (NASDAQ:AMZN) showcased Amp, a new app that lets users DJ their radio shows. Users can access a music catalog including “tens of millions” of songs from Universal Music Group NV (OTC: UMGNF), Sony Group Corp’s (NYSE:SONY) Sony Music Entertainment, Warner Music Group Corp (NASDAQ:WMG), and independent labels. Amp allows users to launch their live show, where callers can…

Benzinga · Mar 8, 2022

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AWS Chief Exhibits Optimism Despite Recent Outages

Amazon.com Inc (NASDAQ: AMZN) Amazon Web Services head assured that its rapid growth would not lead to broader disruption for customers and internet users despite its recent "incredibly pa

Benzinga · Mar 8, 2022

Amazon Prime Video Eyes Sony's Popular PlayStation Franchise For TV Adaptation

Amazon.com Inc's (NASDAQ:AMZN) Amazon Prime Video is eyeing the television adaptation of Sony Group Corp's (NYSE:SONY) popular PlayStation franchise "God of War," Deadline reports. Amazon is discussing a live-action TV series based on the mythology-themed video game. "The Expanse" creators and producers Mark Fergus and Hawk Ostby and "Wheel of Time" showrunner Rafe Judkins…

Benzinga · Mar 8, 2022

Amazon Remains JPMorgan's Top Overall Idea In Internet

JPMorgan analyst Doug Anmuth says Amazon.com Inc (NASDAQ:AMZN) remains his top overall idea in the internet space. The re-rating came after the Department of Commerce released Q4 U.S. e-commerce sales of $258 billion, shy of the firm's $270 billion estimates. The e-commerce sales were due to a softer than expected holiday season, the continued resurgence…

Benzinga · Mar 8, 2022

Amazon Confidentially Scooped Veeqo In November

Amazon.com Inc (NASDAQ:AMZN) had confidentially acquired Veeqo in November. The financial terms of the transaction remain undisclosed. Octopus Ventures, an investor in Veeqo, confirmed the deal. Veeqo makes tools to help online businesses sell products on and off Amazon. Amazon, which likely accounts for ~40% of the nation’s e-commerce sales, has long been pursuing…

Benzinga · Mar 7, 2022

Amazon's Twitch Loses Key Officials Since Early 2022

Amazon.com Inc's (NASDAQ AMZN) video game live streaming platform, Twitch, has lost six critical executives since the start of 2022, Bloomberg reports. Twitch is a popular site for watching other people play video games. The platform lost its COO Sara Clemens, Chief Content Officer Michael Aragon and Head of Creator Development Marcus…

Benzinga · Mar 4, 2022

Amazon Shuts 68 Physical Stores: All You Need To Know

Amazon.com Inc (NASDAQ: AMZN) looks to shut down its Amazon Books physical bookstores, Amazon 4-star and Amazon Pop Up shops,

Benzinga · Mar 3, 2022

Sony Merges Anime Offerings

Sony Group Corp (NYSE:SONY) merged its anime offerings under the Crunchyroll brand, Bloomberg reports. The move will help Crunchyroll leverage its understanding of Western anime fans to tap the booming interest in Japanese animation as competition heats up from Netflix Inc (NASDAQ:NFLX), Amazon.com Inc (NASDAQ:AMZN), and Hulu LLC. Sony makes a move seven months after acquiring the…

Benzinga · Mar 1, 2022

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Benzinga · Feb 28, 2022

Amazon Looks To Sell Digital Ad Space In Its Physical Stores

Amazon.com Inc (NASDAQ:AMZN) looks to sell digital advertising on the plethora of screens within its physical stores to boost those stores' profitability, Business Insider reports. Amazon aims to roll out digital signage ads in physical stores during Q2. Amazon is discussing other ideas, including personalized ads on its smart shopping cart screens,…

Benzinga · Feb 28, 2022

Why Teladoc Shares Are Trading Higher Today

Teladoc Health Inc (NYSE: TDOC) is trading higher Monday after the company announced it teamed up with Amazon.com Inc (NASDAQ: AMZN) to launch Teladoc services on Alexa-enabled devices.

Benzinga · Feb 25, 2022

This Tesla Competitor Targets 10% EV Market Share By 2030

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference. The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030. Scaringe said Rivian had replaced some chipsets in certain…

Benzinga · Feb 23, 2022

Microsoft Security Chief Stresses On Importance Of Combating Cyberattacks Through Cloud Adoption

Microsoft Corp's (NASDAQ:MSFT) new security chief, Charlie Bell, emphasized the importance of solving cyberattacks by embracing cloud, the Wall Street Journal reports. Microsoft has built a $15 billion business and one of the world's most enormous private cyber armies to counter cyberattacks. WSJ notes that U.S. banks flagged nearly $600 million in…

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Benzinga · Feb 22, 2022

Read How JPMorgan Views Meta, Apple, Amazon, Netflix

Tech-dominated "growth" stocks are still not cheap despite sharp falls over the last six months, analysts at U.S. investment bank JPMorgan cautioned, Reuters reports. The so-called FAANGs have seen some of their COVID-era surges cut back this year. Meta Platforms Inc (NASDAQ:FB) fell 38%, Apple Inc (NASDAQ:AAPL) was down 5.7%, Amazon.com Inc (NASDAQ: AMZN) down 8.5%, and was Netflix Inc (NASDAQ: NFLX)…

Benzinga · Feb 18, 2022

Amazon's Physical Stores Ambition Trails Expectations; Tigress Financial Sees 53% Upside

Amazon.com Inc's (NASDAQ: AMZN) big bet on cashier-less technology is seeing less usage than expected,

Benzinga · Feb 17, 2022

Amazon-Visa Finally Reach Settlement

Amazon.com Inc (NASDAQ: AMZN) has agreed to accept Visa Inc's (NYSE: V) cards across its global network,

Benzinga · Feb 17, 2022

Here's Why Activist Investor Daniel Loeb Sees ~$1 Trillion Untapped Value In Amazon

The Wall Street Journal reports that activist investor Daniel Loeb sees about $1 trillion in untapped value at Amazon.com Inc (NASDAQ:AMZN). Loeb's Third Point LLC counts the e-commerce major as one of its most significant holdings. Third Point, as of the end of 2021, had an Amazon stake valued at $784 million. The fund…

Benzinga · Feb 14, 2022

Here's Why BofA Calls Roblox 'Category Leader' In The Emerging Metaverse Media Category

BofA analyst Omar Dessouky reinstated coverage of Roblox Corp (NYSE:RBLX) with a Buy rating and $84 price target, calling the company the "category leader" in the emerging "Metaverse" media category. The price target implies an upside of 20.8%. Roblox has no "old media" businesses to cannibalize and invests 100% of its resources exclusively towards leadership…

Benzinga · Feb 11, 2022

Amazon Got Tax Breaks Worth At Least $4.7B Over Last Decade

Amazon.com Inc (NASDAQ:AMZN) scooped at least $4.7 billion in tax breaks globally during the past ten years as per watchdog group and a global labor federation, the Vice reports. The tax breaks pertained to its warehouses, data centers, offices, call centers, and film production projects. The vast majority of these tax breaks…

Benzinga · Feb 9, 2022

Facebook Parent Meta Falls Behind Nvidia

Meta Platforms Inc (NASDAQ:FB) continued its slide on February 8 and has now dropped so much in the past week that the company is worth less than chipmaker NVIDIA Corp (NASDAQ:NVDA), CNBC reports. Meta shares dropped 2.1% to close at $220.18 on Tuesday. The stock is down 35% this year and has reached its…

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