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Amazon
Amazon is a U.S. multinational conglomerate technology company based in Seattle with 840,000 employees. It focuses on eCommerce, cloud computing, digital streaming and artificial intelligence.
Roblox, Digital-First Shopping, QR Codes Top This Week’s News
January 15, 2021
In this week’s news, we saw Roblox’s plans to go public through a direct listing, consumers’ preferences for a digital-first shopping experience and the rising popularity of quick-response (QR) codes. ...Amazon Introduces Alexa Custom Assistant For In-Car Apps
January 15, 2021
Amazon unveiled Alexa Custom Assistant on Friday (Jan. 15), a product that allows companies to create customized artificial intelligence (AI) assistants to match their “brand personality” and meet their clients’ ...Whole Paycheck Tracker: Amazon, Walmart Gain Q3 eCommerce Sales, But Lose Share Of Total Spend
January 15, 2021
PYMNTS’ latest Walmart vs. Amazon Whole Paycheck Tracker found that the two retail giants did something unusual during the third quarter: They either remained flat or lost ground in the ...Hudson To Add Amazon’s Just Walk Out Technology To Its Popular Airport Convenience Stores
January 15, 2021
The Hudson Group plans to add Amazon’s Just Walk Out technology to some of the popular convenience stores the chain operates at more than 1,000 North American airports, train stations ...Amazon Says Parler Lawsuit Is Invalid Because Of Terms Of Service Violations
January 14, 2021
Amazon has hit back against social media site Parler in its lawsuit over the site’s removal from the cloud of Amazon Web Services (AWS), court documents say.
The core of the ...Today In Payments: CT AG Launches Antitrust Probe Into Amazon’s eBook Business; Petco’s $864 Million IPO Beats Forecasts
January 14, 2021
In today’s top news, Connecticut’s Attorney General has opened an antitrust probe into Amazon’s eBook business, and Petco beat expectations in its IPO. Plus, Grab Financial raised $300 million.
Connecticut AG ...Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business
January 14, 2021
Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. 14).
Connecticut’s inquiry is just ...Today In Payments Around The World: Mynt Lands $175 Million In Funding; Airtel Teams With Amazon On Video
January 13, 2021
In today’s top payments news around the world, Globe Fintech Innovations has landed $175 million in additional venture funding, while Airtel has teamed with Amazon to launch a mobile-only video ...India’s Airtel Closes Amazon Deal To Launch Mobile-Only Video Plan
January 13, 2021
Airtel, India’s largest telecom service provider, has teamed up with Amazon to launch a mobile-only video entertainment platform.
Prime Video Mobile Edition is a single-user subscription service. India is the first ...Big Tech Compliance Tracker: US Trade Rep Says Digital Taxes Discriminate Against US Firms; Facebook Removes ‘Likes’ From ‘Pages’
January 11, 2021
Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments around the world.
US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US ...Parler Sues Amazon After Being Booted Off Cloud
January 11, 2021
Conservative social network Parler is suing Amazon after the eCommerce giant’s web services division abruptly pulled the plug on cloud hosting for the startup, The Wall Street Journal reported on ...Trying To Reason With Returns Season: 51 Percent Of Consumers Would Keep Goods For Discounts
January 11, 2021
While early to mid-January is always the return season, this year has long been forecast to be a spot more active than its predecessors given the volume of gifts bought online during ...Amazon Prime, Walmart+ See Post-Holiday Declines As Free Trials Expire
January 11, 2021
Amazon Prime and the recently launched Walmart+ both saw drop-offs in U.S. paid subscribers in late December, but Walmart+ fell further — showing the newcomer has a fight on its ...Skip It: Amazon, Walmart Tell Consumers To Keep Unwanted Gifts
January 10, 2021
Amazon and Walmart are among the big retailers trying out a new way of handling refunds, according to a report from The Wall Street Journal (WSJ). Customers can ask for ...Amazon Pulls The Plug On Prime Pantry
January 8, 2021
It looks like another bit of consolidation in the wild world of grocery retail as Amazon has officially shut down its Prime Pantry services — rolling the shelf stable goods ...Today In Retail: CarLotz Gets Green Light From Its Investors For Merger; PriceSmart’s Net Merchandise Sales Climb 7.7 Pct
January 8, 2021
In today’s top retail news, CarLotz, Inc. says it has received the necessary approval from its investors to complete a potential merger with a blank-check company, while PriceSmart, Inc. reported a ...Amazon's Prime Pantry Delivery Service Is Discontinued
January 8, 2021
Amazon has ended one of its first efforts to sell food online, with the eCommerce retailer closing its Prime Pantry service. Many items available under the Prime Pantry name in ...Whole Paycheck: Amazon And Walmart Use Drones, Self-Driving Trucks And 767s to Beat Each Other At Delivery
January 8, 2021
Winning the battle for the consumer’s whole paycheck requires winning the battle for delivery, and Amazon and Walmart are throwing everything from driverless trucks to drones to a new Amazon ...Amazon Creates $2 Billion Housing Fund Targeting Its Top Locations
January 6, 2021
Amazon has launched a new Housing Equity Fund, bankrolled by more than $2 billion, “to preserve and create 20,000 affordable housing units” in areas the retailer expects to have more ...Rivian Close To Raising Funds At $25 Billion Valuation
January 6, 2021
Electric truck startup Rivian Automotive, which is backed by Amazon, is near to a new funding round which would value it at $25 billion, Bloomberg reports.
That funding isn’t final, though, ...Amazon Buys 11 Boeing Jetliners To Boost Amazon Air Fleet
January 5, 2021
In a first, Amazon has purchased Boeing 767-300 wide-body airliners, in this case from Delta Air Lines and WestJet Airlines. The 11 aircraft will join Amazon Air’s fleet this year ...Big Tech Compliance Tracker: Malaysia Gets Approximately $107 Million In Digital Services Taxes; FAA Approves New Drone Regulations
January 4, 2021
Here’s the latest news from the technology industry, which is coming under increasing global interest from governments.
Malaysia Receives Approximately $107 Million In Digital Service Taxes Last Year
Deputy Finance Minister Datuk ...High-Profile Healthcare Venture Haven Shuts Down; Could Signal Shift For JPMorgan, Amazon
January 4, 2021
In the end, there was no haven for Haven. As reported on Monday (Jan. 4), the healthcare startup – created in 2018 through joint efforts between Amazon, J.P. Morgan Chase and ...Amazon, Berkshire, JPMorgan Fold Healthcare Disruption Startup Haven
January 4, 2021
Haven, the Silicon Valley healthcare disruption startup launched in 2018 by Amazon, Berkshire Hathaway and JPMorgan Chase, is being dissolved.
Sources told CNBC on Monday (Jan. 4) that Boston-based Haven advised employees ...Amazon Completes Purchase Of Podcast Maker Wondery
December 30, 2020
Following reports that Amazon was looking to acquire podcast creator Wondery, it has now done so, according to a release from the eCommerce giant on Wednesday (Dec. 30).
Wondery’s work will ...Amazon Sellers Have A Merry Christmas, But Struggle With Returns
December 30, 2020
There’s no arguing the fact that Amazon has been a lifeline for small businesses this year. During the extended holiday season, the eCommerce giant says its independent sellers saw their ...Walmart Talks Up Its Advertising Platform In Bid To Challenge Amazon
December 30, 2020
The Walmart Media Group is looking to take on Amazon’s advertising division by touting what the retail giant can do for online sellers.
Walmart Media Group said it has increased “net new advertisers ...Today In Payments: Coinbase Suspends XRP Trading; Amazon Delivered Record-Breaking 1.5 Billion Holiday Packages
December 29, 2020
In today’s top news, Coinbase has suspended XRP trading in the wake of the SEC’s lawsuit against Ripple, and Amazon delivered over 1.5 billion packages this holiday season. Plus, J.P. ...Today In Retail: VF Closes On Supreme Acquisition, Returnly Reports Jump In Returns On Dec. 26
December 29, 2020
In today’s top retail news, VF Corporation has closed on its acquisition of international streetwear brand Supreme, while Returnly reported a dramatic rise in returns on Dec. 26 compared to ...Amazon Advertising Division Soars As Merchants Spend For Visibility
December 29, 2020
Amazon’s advertising division is pulling in big bucks as its marketplace merchants jockey for position amid the pandemic-fueled eCommerce boom.
The tech behemoth is tracking to post its first $100 billion ...Amazon Delivers Record-Breaking 1.5 Billion Holiday 2020 Packages
December 29, 2020
Amazon is reporting a record-breaking holiday shopping season that saw more than 1.5 billion toys, electronics and household goods delivered amid the global COVID-19 pandemic.
“Amazonians around the world have truly ...Big Tech Compliance Tracker: Facebook Disables Some Instagram, Messenger Functions In Europe; Amazon Delays Merchant Fulfillment Fee Increases
December 28, 2020
Here’s the latest news from companies in the technology industry, which are coming under increasing scrutiny from officials and criticism from competitors.
Facebook Turns Off Instagram, Messenger Features For Users In ...Digital-First Economy Redefines Retail And Consumer Behavior
December 24, 2020
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The numbers speak ...Today In Retail: Amazon Postpones Fulfillment Fee Increases; Shoppers In Italy Embrace Cash-Back Effort
December 23, 2020
In today’s top retail news, Amazon is delaying its logistics charge increases, while consumers in Italy are embracing a new cash-back effort for card payments. Plus, Peloton has moved to ...Amazon Puts Off Merchant Fulfillment Fee Hikes Until June
December 22, 2020
Amazon is postponing its logistics fee increase to help accommodate businesses affected by the pandemic, a company letter from Amazon Worldwide Consumer CEO Jeff Wilke stated.
Wilke wrote that the eCommerce ...Digital Marketplaces Like Amazon Are Primed For Consolidation
December 22, 2020
Investors have spent over $1 billion this year on buying up successful small businesses to try and create new digital conglomerates, according to the Financial Times.
They have targeted businesses that ...eCommerce Delivery And Shopping In The Pandemic Era
December 21, 2020
Nordstrom is rolling out a same-day gift delivery service in New York City that will be available for orders placed by late afternoon. Meanwhile, Walmart and Amazon are jousting to the end in an effort to win ...Amazon Echo Challenges Zoom, Google Meet With Group Video, Audio Calls
December 18, 2020
Amazon Inc. made good on its previously announced plan to allow group audio- and video-conference calls on its Echo devices, The Verge reported.
The feature will work on Echo, Echo Dot ...From The Final Week To The Final Mile: Amazon And Walmart Battle To The End
December 18, 2020
As they finish up a year of massive disruption and exponential sales increases, Amazon and Walmart are taking their battle for the U.S. consumer’s whole paycheck into the last week ...Study: 69 Percent Of Consumers Say They Want Subscription Bundles
December 17, 2020
Subscription bundles are making a comeback, especially as consumers spend more time at home under lockdown measures as the number of COVID-19 cases continues to rise. This next generation of ...