Amazon Reports Better-than-Expected Q3 2023 Results, AMZN Stock Jumps 5%
For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion.
Amazon Beats Analyst Expectations for Revenue According to Q2 2023 Earnings Report
By Tolu Ajiboye
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries.
Amazon Dismissing Additional 9,000 Employees, Extending Its Record Layoff
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
Amazon Plans to Launch First Project Kuiper Internet Satellites to Space by Mid-2024
The Amazon Project Kuiper aims to offer high-speed internet to every part of the world.
Amazon Beats 2022 Q4 Analysts Expectations on Revenue, AMZN Stock Volatility Spikes
Amazon anticipates net sales to come in between $121.0 billion and $126.0 billion, which will represent a growth of between 4% and 8% compared with the first quarter of 2022.
Amazon Sees Record-Breaking Thanksgiving Shopping Weekend in 2022
According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend.
E-commerce Giant Amazon Set for Massive Layoff This Week
Amid a gloomy global economy and slowing sales, e-commerce giant Amazon has come to a cost-cutting mode with a plan to preserve cash.
Amazon Makes History as First Public Company to Lose $1 Trillion in Value
By Tolu Ajiboye
E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value amid economic recession.
AMZN Stock Surges 14% as Amazon Exceeds Expectations on Revenue in Q2 2022
Amazon CFO Brian Olsavsky hinted at the possibility of resuming hiring after letting go of thousands of employees in Q2 2022.
AMZN Stock Tanks 9%, Amazon Reports $3.8B Loss in Q1 2022, Cloud Business Up by 36.5%
Although Amazon showed a net operating loss during the first quarter, its cloud business showed strong growth providing some cushion to the company’s overall declining revenue.
Nasdaq Futures Retreat as Apple and Amazon Retrace Following Quarterly Reports
By Tolu Ajiboye
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
Amazon (AMZN) Shares See Good Day after 20-for-1 Stock Split
Amazon 20-for-1 makes it the latest tech company splitting its shares. Apple had its 4-for-1 stock split in 2020, while Google’s 20-for-1 split was in February. Tesla is planning a 5-for-1 split.
Amazon Suspends Prime Video Services in Russia
Amazon will continue to work closely with NGOs and organizations to cater to humanitarian needs in Russia.
AMZN Stock Inks Slight Gain as Amazon Seeks to Increase Employees’ Base Pay to $350K
Despite the increase in the company’s employees’ base pay, AMZN staffers still are grossly underpaid when compared with other tech companies.
AMZN Stock Up 1% Now, Company Announces Physical Clothing Store Dubbed Amazon Style
Through the Amazon app, users will have personalized information and save them time to select from a huge stack.