Germany’s competition watchdog, the Bundeskartellamt (BKartA) announced on Monday (Nov. 14) that it has extended two ongoing proceedings against Amazon to make use of an amendment to the German Competition Act that grants the BKartA additional powers to regulate large digital companies. In the first...
Amazon is reportedly looking to lay off approximately 10,000 employees this month, the first and largest such move in the company’s history. According to a New York Times report Monday (Nov. 14), which cited unnamed sources familiar with the staffing reduction, the cuts would be...
In an environment of falling values of stocks in the tech and growth sectors and economy-wide fears of a recession, Amazon has reportedly become the first public company whose market cap has dropped by $1 trillion. Between its record close at a market value of...
Amazon One palm-reading checkout technology is reaching more customers as the company begins rolling out the technology at its Whole Foods Market stores in the Dallas-Fort Worth area. The technology was added to two stores in Dallas on Tuesday (Nov. 8), and it will be...
Amazon’s shares have slipped about 11% in the wake of last month’s earnings reports, as investors fretted about consumers’ belt-tightening. “The continuing impacts of broad-scale inflation, heightened fuel prices, and rising energy costs have impacted our sales growth as consumers assess the purchasing power and...
In a boost for Nigeria’s digital economy, Amazon Web Services (AWS), a subsidiary of Amazon, recently announced the opening of a new office in Lagos, from which it will support the growing number of Nigerian businesses deploying AWS Services. Related: Demand for Amazon, Google’s Cloud...
New corporate hires will have to wait at Amazon, as the company announced a freeze as of Wednesday (Nov. 2). Amazon is moving to pause new hiring amid a worsening economic outlook and after its hiring practices had been less restricted in years past, it...
Amazon has expanded the amount of music, podcasts and features available on Amazon Music at no additional cost to Prime subscribers. The number of songs available to Prime members on Amazon Music has been boosted from 2 million to 100 million. The songs can be...
Amazon has debuted a cash advance solution for merchants selling on its site as small businesses seek more sources of growth capital. According to a Tuesday (Nov. 1) news release sent to PYMNTS, the financing solution is provided by Parafin, a FinTech founded by veterans...
