Amazon
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Amazon's Q3 Earnings Surpass Expectations with Robust Ad Revenue Growth
Amazon has once again demonstrated its financial prowess, surpassing Wall Street's predictions. The tech giant reported a total revenue of $143.1 billion, with a net income of $9.9 billion for the third quarter. These figures not only reflect the company's continued dominance in the e-commerce sector but also highlight its growing influence in the digital advertising realm. 
Amazon has once again demonstrated its financial prowess, surpassing Wall Street's predictions. The tech giant reported a total revenue of $143.1 billion, with a net income of $9.9 billion for the third quarter. These figures not only reflect the company's continued dominance in the e-commerce sector but also highlight its growing influence in the digital advertising realm. -
Amazon Faces Historic Antitrust Lawsuit: Secret 'Project Nessie' Revealed
On Tuesday, the U.S. Federal Trade Commission (FTC) and attorneys general from 17 states filed a landmark lawsuit against Amazon, accusing the e-commerce giant of using "anti-competitive tactics and unfair strategies" to maintain an illegal monopoly. 
On Tuesday, the U.S. Federal Trade Commission (FTC) and attorneys general from 17 states filed a landmark lawsuit against Amazon, accusing the e-commerce giant of using "anti-competitive tactics and unfair strategies" to maintain an illegal monopoly. -
Amazon Pours $4 Billion into Anthropic, OpenAI's Top Rival
On Monday, reports revealed that Amazon is investing up to $4 billion in Anthropic and announced plans for broader collaboration in the future to compete in the AI sector against growing rivals. 
On Monday, reports revealed that Amazon is investing up to $4 billion in Anthropic and announced plans for broader collaboration in the future to compete in the AI sector against growing rivals. -
Amazon Echo Frames: A Stylish Leap Forward in Personal Audio
In the ever-evolving world of wearable tech, Amazon has taken another significant step with its latest iteration of the Echo Frames. These smart glasses, embedded with the Alexa voice assistant, are designed not just to be functional but to be stylish enough to be worn all day. In the ever-evolving world of wearable tech, Amazon has taken another significant step with its latest iteration of the Echo Frames. These smart glasses, embedded with the Alexa voice assistant, are designed not just to be functional but to be stylish enough to be worn all day. -
Amazon and FTC on Collision Course: E-commerce Giant's Final 'Ceremonial' Meetings Ahead of Antitrust Lawsuit
On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. On August 7, sources informed media outlets that Amazon is set to individually meet with each member of the Federal Trade Commission (FTC) next week. The discussions will revolve around a potential antitrust lawsuit the FTC might launch against Amazon. This move is widely seen as a last ceremonial gathering before either heading to court or reaching a settlement. -
Amazon Q2 Earnings Surpass Predictions, Futures Soar Nearly 8% After Hours
On August 3, after U.S. market close, Amazon announced its second-quarter earnings. The online retailer's Q2 revenue and Q3 guidance both exceeded market expectations. On August 3, after U.S. market close, Amazon announced its second-quarter earnings. The online retailer's Q2 revenue and Q3 guidance both exceeded market expectations. -
Amazon's Biggest Shake-Up Since $13.7 Billion Whole Foods Acquisition: Fresh Produce for All, E-commerce Integration on the Horizon
Amazon is now taking serious strides towards its offline operations. Ever since its largest acquisition in company history - purchasing Whole Foods for $13.7 billion in 2017 - Amazon has never embarked on such a comprehensive overhaul of its food and sundry goods business. 
Amazon is now taking serious strides towards its offline operations. Ever since its largest acquisition in company history - purchasing Whole Foods for $13.7 billion in 2017 - Amazon has never embarked on such a comprehensive overhaul of its food and sundry goods business. -
Amazon's $120 Million Countermove: Bezos Challenges Musk with Florida Satellite Hub
In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. In a move that signals a direct challenge to Elon Musk's SpaceX, Amazon is investing $120 million in a new satellite processing facility at NASA's Kennedy Space Center in Florida. This development is part of the company's ambitious Kuiper project, which aims to launch thousands of internet satellites to provide broadband service to underserved areas worldwide. -
Amazon Cloud Challenges Microsoft, Google with $100M Generative AI Innovation Hub
Amazon is making a strong bid to catch up in the ongoing generative artificial intelligence (AI) race sparked by ChatGPT, pitting itself against tech giants like Microsoft and Google. Amazon is making a strong bid to catch up in the ongoing generative artificial intelligence (AI) race sparked by ChatGPT, pitting itself against tech giants like Microsoft and Google. -
FTC Files Lawsuit Against Amazon Over Deceptive Prime Subscriptions and Difficult Cancellation Process
On Wednesday, June 21, the U.S. Federal Trade Commission (FTC) sued Amazon, accusing the e-commerce giant of deceiving customers into subscribing to its Prime service and deliberately making it difficult to cancel. 
On Wednesday, June 21, the U.S. Federal Trade Commission (FTC) sued Amazon, accusing the e-commerce giant of deceiving customers into subscribing to its Prime service and deliberately making it difficult to cancel.
