So far, 2022 has hit Amazon where it hurts — in the wallet. During the first three months of the year, the e-tailer suffered a $3.8 billion net loss, shocking analysts and Wall Street. It was the comp...
Tag: Amazons
Bitcoin Falls To $38K Following Amazon’s Decision To Stop Accepting Bitcoin As Payment
Bitcoin reached a high of roughly US$40,545 as investors hurried to place their bets on a gloomy trend. Crypto shorts were liquidated in excess of $950 million, the greatest amount since May of this y...
Why Amazon’s Shares Plunged After Revealing Nearly $4 Billion Loss
Amazon shares plunged 10% after the market closed on Thursday after reporting disappointing earnings for the first quarter of 2022. The Seattle-based tech company reported a $3.8 billion net loss in t...
Rivian Killed Ford Earnings. Now It’s Crushing Amazon’s.
Text size Rivian’s wild stock swings are distorting earnings at both Ford and Amazon. Courtesy Rivian Ford Motor and Amazon.com were early investors in Rivian Automotive . They still own Rivian ...
A 5:49 A.M. Next Day Delivery Is An Inconvenient Answer for Amazon’s Critics
At its height as the world’s most prominent sports magazine, and realistically one of the world’s most prominent magazines regardless of genre, Sports Illustrated (SI) was a weekly event of sorts. It ...
Meet The Startups That Amazon’s New $1 Billion Industrial Innovation Fund Is Backing
Agility Robotics’ Damion Shelton and his team, along with three Digit robots. Courtesy of Agility Robotics The founders that Amazon’s industrial innovation fund is backing include a serial entre...
Crash Raises Doubts For Amazon’s $2 Billion Drone Program
It was not so long ago that package delivery drones, specifically ones from Amazon AMZN .com, seemed poised to take flight as soon as the right regulatory bodies signed off. At present, however, the c...
Amazon’s Revitalized Whole Foods Is a Neighborhood Savior, and a Myth Slayer
In the Spring of 2017, the Whole Foods located in Washington, D.C.’s Glover Park neighborhood shut down ahead of plans for major renovations. The problem was that the owner of the building in which th...
Here’s what Amazon’s stock split could mean to you
If you are an average investor, a cheaper stock price for Amazon (AMZN) could be just the moment you need to get into a growth company with major potential catalysts, analysts say. This week Amazon re...
‘Reacher’ Is Amazon’s Biggest Hit, Putting Up Netflix-Sized Viewership Numbers
Reacher Amazon While Nielsen isn’t exactly the speediest of metrics in the streaming era these days, its measurements have some good news for fans of Reacher, the recent Amazon Prime hit that is more ...
Amazon’s Growth In Healthcare Is Unparalleled
Earlier this month, famed tech and e-commerce company Amazon announced that it will be expanding its in-person healthcare model nationwide, as demand for the retail giant’s healthcare services is surg...
Amazon’s $191 Billion Jump Sets Record for Market Value Gain
(Bloomberg) — Amazon.com Inc. gave the market back what Meta Platforms Inc. took away — or at least a big chunk of it. Most Read from Bloomberg The e-commerce giant’s shares surged 14% on ...
You Should Be Watching Amazon’s ‘Reacher,’ Finally, A Book-Faithful Adaptation
Reacher Amazon Jack Reacher is one of the most beloved characters in modern mystery fiction, a burly ex-Military Police investigator initially accused of murder himself, who goes on to solve all numbe...
Amazon’s Odd New Apparel Store Is Really Nothing New, And That’s The Beauty Of It
View of display-only merchandising at Amazon Style, Amazon’s new apparel store concept. … [+] Amazon At first glance, Amazon’s latest foray into the physical world of apparel retailing, re...
Amazon’s ‘The Lord Of The Rings’ Show ‘The Rings Of Power’ Gets A Trailer And Release Date
The Lord Of The Rings: Rings Of Power Credit: Amazon Amazon released the first trailer for its upcoming Lord of the Rings live-action show this week. It’s not much—just a narrator reciting the Ring Ve...
Amazon’s Stellantis deal brings its Rivian purchase into question — Quartz
When Amazon announced it would buy 100,000 electric delivery vans from Rivian in 2019, it gave the little-known electric vehicle (EV) startup immediate credibility. Now Amazon is giving Rivian investo...
Rivian Falls Most Since November After Amazon’s Stellantis Deal
(Bloomberg) — Rivian Automotive Inc. fell the most since mid-November after Amazon.com Inc., one of its biggest backers and customers, agreed to buy battery-electric delivery vans from rival aut...
Amazon’s price targets are slashed and stock sinks after first quarterly loss in seven years
Amazon.com Inc. shares sank more than 12% in Friday trading after the e-commerce and tech giant reported its first quarterly loss in seven years. Amazon AMZN, -14.05% fell to the lowest level since Ju...