Amazon’s stock is up about 5% on Monday (June 6), the first day of the 20-for-1 split announced by the retail behemoth in March, but shares are still trading at about 25% less than they were at the start of the year. Alphabet, which announced...
Amazon has launched Road to Ownership, a 16-week training and development program to help drivers and team members of Amazon Delivery Service Partners (DSPs) someday open their own delivery businesses, according to a company announcement published Friday (June 3). “The program provides a blended learning...
Dave Clark, CEO of Amazon’s Worldwide Consumer operation, is stepping down from the company after 23 years. According to a Friday (June 3) announcement from Amazon CEO Andy Jassy, Clark is leaving the company “to pursue other opportunity.” His last day will be July 1....
Amazon is giving customers in Egypt access to buy now, pay later (BNPL) thanks to a consumer financing offering from valU Consumer Finance. According to multiple media accounts, valU will offer the payment method on amazon.eg to eligible customers, who will gain the option to...
The U.S. Senate Budget Committee plans to hold a hearing on Amazon’s labor practices with an appearance from a key union organizer, Christian Smalls, Reuters writes. This comes as the chair of the panel urged the White House to end federal government contracts with the...
The Biden administration has asked a judge to review a suit accusing Amazon of anticompetitive behavior, Bloomberg writes, to possibly bring it back after it was dismissed. The suit, previously dismissed in March, alleged Amazon’s contracts with merchants had inflated prices. The judge found no...
Sounding a bit like the pandemic is over and done, Amazon is talking of a return to “normal” patterns, as Prime growth continues despite some slowing at the world’s largest retailer. On a Q1 2022 earnings call with analysts Thursday (April 28), Amazon Senior Vice...
Amazon has reportedly been declining to describe its product-search system to an Australian competition regulator which has seen complaints of large markets giving preference to in-house wares, Reuters wrote Thursday (April 28). Amazon withholding this info could set the stage for a rehashing of the...
Amazon is making moves to boost its relationship with sellers as rival Shopify continues to expand its presence and swoop in on the eCommerce giant’s turf, according to a Thursday (April 21) press release. Buy With Prime will allow select Amazon merchants to sell their...
