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Amazon Boosts Cloud Investment in Singapore with $9 Billion Expansion Plan
Amazon Web Services (AWS) announced a significant expansion in Singapore, committing to invest an additional S$12 billion ($8.87 billion) over the next five years to enhance its cloud infrastructure. 
Amazon Web Services (AWS) announced a significant expansion in Singapore, committing to invest an additional S$12 billion ($8.87 billion) over the next five years to enhance its cloud infrastructure. -
Amazon, SpaceX, and Trader Joe's Unite in Constitutional Fight Against Labor Board
Amazon has aligned itself with Elon Musk's SpaceX and the popular grocer Trader Joe's in contending that the enforcement mechanics of the National Labor Relations Board (NLRB) infringe upon the U.S. Constitution. 
Amazon has aligned itself with Elon Musk's SpaceX and the popular grocer Trader Joe's in contending that the enforcement mechanics of the National Labor Relations Board (NLRB) infringe upon the U.S. Constitution. -
Jeff Bezos Sells $4 Billion in Amazon Stock Ahead of Florida Relocation
Amazon founder Jeff Bezos is continuing his divestment from the e-commerce giant, recent regulatory filings indicating the sale of more than $4 billion in stock over the past week. This follows earlier reporting of Bezos' 50-million share sell-off plan to be completed by 2025, through Morgan Stanley as his brokerage firm. 
Amazon founder Jeff Bezos is continuing his divestment from the e-commerce giant, recent regulatory filings indicating the sale of more than $4 billion in stock over the past week. This follows earlier reporting of Bezos' 50-million share sell-off plan to be completed by 2025, through Morgan Stanley as his brokerage firm. -
Amazon Responds to Competition from Rising Chinese Cross-Border E-Commerce Platforms Temu and Shein
The rise of Chinese cross-border e-commerce platforms in the United States, leveraging social media and low-cost product strategies, has significantly attracted a vast American user base, encroaching on Amazon's share in the U.S. online shopping market. The rise of Chinese cross-border e-commerce platforms in the United States, leveraging social media and low-cost product strategies, has significantly attracted a vast American user base, encroaching on Amazon's share in the U.S. online shopping market. -
Amazon Surpasses Forecasts with 14% Revenue Increase and AI Expansion
Amazon reported a stellar end to its fiscal year, surpassing Wall Street's forecasts with a 14% jump in revenue, reflecting robust performance across its cloud and e-commerce divisions, further buoyed by innovative generative AI features. The company's shares experienced an 8% surge in after-hours trading as the tech giant laid out an optimistic outlook for the forthcoming quarter. Amazon reported a stellar end to its fiscal year, surpassing Wall Street's forecasts with a 14% jump in revenue, reflecting robust performance across its cloud and e-commerce divisions, further buoyed by innovative generative AI features. The company's shares experienced an 8% surge in after-hours trading as the tech giant laid out an optimistic outlook for the forthcoming quarter. -
Amazon Calls Off $1.7 Billion iRobot Acquisition of iRobot, Vacuum Maker to Lay Off 350 Employees
Amazon and iRobot announced the termination of their previously planned acquisition deal, citing insurmountable regulatory challenges as the primary obstacle. This decision comes amidst heightened scrutiny from regulatory bodies in both the United States and Europe, concerned about the potential anti-competitive impacts of such a merger in the tech and consumer electronics sectors. 
Amazon and iRobot announced the termination of their previously planned acquisition deal, citing insurmountable regulatory challenges as the primary obstacle. This decision comes amidst heightened scrutiny from regulatory bodies in both the United States and Europe, concerned about the potential anti-competitive impacts of such a merger in the tech and consumer electronics sectors. -
Amazon's French Unit Fined $35 Million for Invasive Employee Monitoring
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees. 
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees. -
Amazon to Fully Venture into Online Car Sales Next Year, Starting with Hyundai
In a strategic move to maintain its dominance in the e-commerce sector, Amazon is set to place its next bet on car sales. Reports indicate that Amazon and Hyundai Motor Company have recently agreed to initiate an online car-selling service, with sales of Hyundai cars on Amazon's website starting next year. In a strategic move to maintain its dominance in the e-commerce sector, Amazon is set to place its next bet on car sales. Reports indicate that Amazon and Hyundai Motor Company have recently agreed to initiate an online car-selling service, with sales of Hyundai cars on Amazon's website starting next year. -
Amazon Prime Adds Health Care Perk with Discounted One Medical Memberships
Amazon has introduced a health care advantage for its members by offering access to One Medical services at a discounted rate. Prime members now have the option to subscribe to One Medical for just $9 a month or $99 annually, a significant markdown from the standard $199 yearly fee. Amazon has introduced a health care advantage for its members by offering access to One Medical services at a discounted rate. Prime members now have the option to subscribe to One Medical for just $9 a month or $99 annually, a significant markdown from the standard $199 yearly fee. -
FTC Lays Bare Amazon's Controversial Ad and Pricing Tactics
In a series of revelations, Amazon finds itself embroiled in a series of allegations brought forward by the Federal Trade Commission (FTC). From flooding its platform with irrelevant ads to potentially manipulating the online pricing landscape, the tech behemoth's tactics are under scrutiny. In a series of revelations, Amazon finds itself embroiled in a series of allegations brought forward by the Federal Trade Commission (FTC). From flooding its platform with irrelevant ads to potentially manipulating the online pricing landscape, the tech behemoth's tactics are under scrutiny.
