Amazon

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 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.

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.

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".

‘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.

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.

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