Amazon
Jeff Bezos sells off $2 bn in Amazon shares
Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings.
Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share, according to documents sent to stock market regulatory authorities Friday.
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Meta, Amazon beat expectations with stellar results
Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street.
Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter.
Amazon cuts hundreds of jobs at Twitch, Prime Video and MGM
Amazon's gamer streaming unit Twitch on Wednesday announced that it was laying off 500 staff, reportedly one third of the company, as it struggles financially despite strong popularity among players.
Amazon Prime ads on movies and TV shows will begin in late January
If you are an Amazon Prime Video user, get ready to see ads on movies and TV shows starting next month.
Prime will include ads beginning on Jan. 29, the company said in an email to U.S. members this week, setting a date for an announcement it made back in September. Prime members who want to keep their movies and TV shows ad-free will have to pay an additional $2.99 per month.
Tech titan Amazon sees profit climb as cloud promises boon
Online retail colossus Amazon on Thursday said profit surged in the recently ended quarter on growing sales and more efficient deliveries, with its cloud business promising even better days ahead.
Amazon and Apple beat earnings forecasts
Amazon and Apple have reported earnings that topped market expectations, aiming for even better days ahead with the help of artificial intelligence (AI).
"Inside Amazon, every one of our teams is working on building generative AI applications that reinvent and enhance their customers' experience," chief executive Andy Jassy said during an earnings call.
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EU probes Amazon-iRobot deal
The EU has opened an antitrust investigation into Amazon's $1.7-billion purchase of U.S. robot vacuum maker iRobot over competition concerns.
Brussels said it was probing whether the acquisition would allow Amazon to "restrict competition" and "strengthen its position as an online marketplace provider".
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Multinational companies vow to hire thousands of refugees in Europe
Multinational companies including Amazon, Marriott and Hilton pledged yesterday to hire more than 13,000 refugees, including Ukrainian women who have fled the war with Russia, over the next three years in Europe.
‘Lord of the Rings’ now a video game
U.S. tech giant Amazon has announced it is developing an open-world style video game based on the classic "Lord of the Rings" saga.
J.R.R. Tolkien's stories of mythical creatures struggling with the mystical power of the rings have become a staple on the video game scene, most famously the tie-ins with Peter Jackson's epic film trilogy in the early 2000s.
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Amazon’s Whole Foods to cut hundreds of corporate roles
Amazon-owned Whole Foods says it is cutting several hundred jobs as part of a process to simplify the grocery chain's operations.
The company plans to make changes to some regional and global support teams over the next two months, according to a memo sent to employees by the Whole Foods executive team.