Amazon has reported a first-quarter loss of $3.8 billion due to lower online sales and a fall in the value of its shares in electric vehicle firm Rivian. This is the company’s first quarterly loss since 2015. The multinational technology company sees its sales slip three percent in the first three months of the year, as the boom in its […]
There was no letup in New York when Amazon workers took to the poll to vote for a trade union to represent their interests. This is the first time the company will have to meet a trade union at the bargaining table since its U.S. operations. Workers at a warehouse in New York voted 55% in favor of joining the […]
If you think business is not booming, then ask Amazon. The American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence continues to perform beyond expectations. The company has recently become a powerful player in the online advertising space, and its number doesn’t lie. Amazon notched up $31.2 billion in ad revenues last year, representing […]
Amazon has announced that it would be boosting the price of its Prime membership for U.S. customers, citing rising costs as the reason behind the decision. In a letter to investors outlining its fourth-quarter earnings, the company stated that increased wage and transportation costs along with its expansion of membership benefits have led the online retail giant to increase its […]
Amazon.com, Inc., the American multinational technology company based in Seattle, Washington is seeking to hire 33,000 new employees. According to the company, the job vacancies are in corporate and technology, with pay for many positions rising into six figures. On average, the jobs will offer a total annual compensation of $150,000, including salary and stock awards. The company also plans […]
Amazon.com, Inc., the Seattle, Washington-based, multinational technology company that focused on e-commerce, cloud computing, and artificial intelligence is shifting its strategy by closing all 87 of its U.S. pop-up kiosks. The kiosks over the years have facilitated an easy and convenient purchase of electronic gadgets by customers in malls, Kohl’s department stores, and Whole Foods groceries. “Across our Amazon network, […]
Amazon’s decision to pull the plug on New York as one of its headquarters’ locations has provoked a lot of debate and moreover viewed as egg on the face of not only New York’s Gov. Andrew Cuomo but also Mayor Bill de Blasio. However, Cuomo is not taking the blow lying down and has had several discussions with Amazon’s executives […]
Amazon.com, Inc., the American electronic commerce and cloud computing company based in Seattle, Washington, is set to opening a physical store in New York that will only sell products that receive a high rating on its website. The store will sell toys, household goods, and other items that have a rating of four stars or more online. Customers who visit […]
Again, Amazon is on a roll; this time it’s forging its way into the pharmaceutical industry. The announcement has already shaken up the pharmaceutical industry sending stocks on a downward spiral. The giant American electronic commerce and cloud computing company has announced plans to buy online pharmacy PillPack, thus creating fears among rival healthcare firms of new competition from the […]
Amazon’s Whole Foods Market has found itself in a spot of bother on social media after the newest store in its 365-grocery chain partnered with an Asian restaurant with the racially charged name of Yellow Fever. The newly opened Yellow Fever restaurant inside Whole Food, is owned by Kelly Kim, a Korean-American. It started four years ago and there are […]
