Category: Amazon’s

Amazon’s first five climate fund investments include Redwood Materials, Rivian
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Amazon’s first five climate fund investments include Redwood Materials, Rivian

Redwood Materials, the recycling startup founded by Tesla’s longtime CTO and co-founder JB Straubel, has landed Amazon as a new investor and customer. Amazon’s investment in Redwood Materials is one of a handful announced Thursday that stems from the e-commerce giant’s $2 billion Climate Pledge Fund. Amazon announced in June that it would commit to…

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Amazon’s hardware business doesn’t escape Congressional scrutiny
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Amazon’s hardware business doesn’t escape Congressional scrutiny

While much of today’s Congressional grilling into the anticompetitive practices of the big tech giants focused on their core businesses, Amazon’s hardware also came in for close inspection during the hours-long interrogation. It was a small but significant exchange, because it touched on the breadth of the company’s services and how dominance in one area…

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How Amazon’s Earnings Could Disappoint This Week
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How Amazon’s Earnings Could Disappoint This Week

Amazon will release its second-quarter results on Thursday after market close. In Q1, stay-at-home orders contributed to e-commerce growth. A record fall in overall retail sales in Q2 could see Amazon miss estimates. Amazon (NASDAQ:AMZN) has benefited from the pandemic. In the first quarter, the online retailer exceeded the expected revenue estimates by nearly $2…

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Amazon’s Stock Surge Powers Nasdaq Closer to Record Highs
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Amazon’s Stock Surge Powers Nasdaq Closer to Record Highs

The Nasdaq Composite Index came within 1.6% of all-time highs Monday. Amazon is the Nasdaq’s second-best performer in percentage terms. The broader S&P 500 Index also rallied Monday, but the Dow lagged. Surging technology shares propelled the Nasdaq Composite Index sharply higher on Monday, a sign that Wall Street’s tech-driven rally hasn’t topped out yet.…

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Amazon’s Big-Budget Videogame ‘Crucible’ is a Giant Stinking Flop
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Amazon’s Big-Budget Videogame ‘Crucible’ is a Giant Stinking Flop

Crucible, Amazon’s first big-budget video game, launched on May 21. The free-to-play hero shooter benefits from Amazon’s deep pockets, a crack team of veteran developers, and received respectable reviews at launch. Less than a week on from release, the player count and Twitch viewership figures have plummeted precipitously. A day shy of a week on…

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Amazon’s Coronavirus Surge Is Great for Bezos But How Will His WaPo Do?
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Amazon’s Coronavirus Surge Is Great for Bezos But How Will His WaPo Do?

Amazon is benefiting from the coronavirus lockdown but the media industry is suffering. The Washington Post has grown digital subscribers to 1.7 million and might need to keep going if ad revenue drops. President Trump claims, without evidence, ad revenue falls have happened at WaPo. Few businesses are doing better right now than Amazon (NASDAQ:AMZN),…

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Amazon’s Twitch Drops Sharp after YouTube, Microsoft Say ‘Game On’
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Amazon’s Twitch Drops Sharp after YouTube, Microsoft Say ‘Game On’

New streaming industry data for Q4 2019 published by Streamlabs. Twitch noted a decline in hours watched and concurrent viewership. YouTube Gaming Live rapidly encroaching on Twitch’s share of the market thanks to high profile streamer deals. According to new industry data published by streaming software startup Streamlabs in association with analyst firm Newzoo, the…

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Amazon’s third-party merchants are now barred from using FedEx Ground for Prime shipments
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Amazon’s third-party merchants are now barred from using FedEx Ground for Prime shipments

Third-party vendors were told by Amazon over the weekend that they are barred from using FedEx’s ground delivery services for Prime shipments. The Wall Street Journal reports that a message sent by Amazon to merchants on Sunday said the ban will last “until the delivery performance of these ship methods improves.” The e-commerce platform will…

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