Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue for Amazon. According to a report in CNBC, Piper Jaffray Analyst Michael Olson said that...
Amazon and Whole Foods Market announced Wednesday (August 8) the launch of curbside grocery pickup in Sacramento and Virginia Beach. In a press release, Amazon said the service will come to more cities throughout the remainder of the year. With curbside delivery, Prime members can...
Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers Playbook with running a large business opportunity scheme. A federal court temporarily stopped the operation until the case is resolved....
As they await Amazon’s final decision on which city will become its planned second headquarters, the 20 finalists are keeping mum on the incentives they have promised the eCommerce giant if chosen. According to The New York Times, there are concerns that taxpayers could get...
Amazon’s early days in Australia are not all smooth sailing as the eCommerce giant seeks to gain a foothold down under. According to official filings, Amazon posted a slight loss in its early Australian days. Amazon first launched in Australia on December 5th, though it...
Amazon has been hit with a fine from AGCOM, Italy’s communications regulator, for providing postal services without getting approval from the government. According to a report in Reuters, Amazon was fined $348,360. AGCOM also announced it was looking into the parcel delivery services Amazon offers...
Amazon, along with other retail and logistics companies, announced the creation of a new group that will lobby to keep the U.S. Postal Service’s (USPS’) delivery services “reliable and affordable.” The announcement comes days before a task force, set up by President Donald Trump, is due...
Amazon continues to have a problem with paid-for product reviews that tend to give customers an overly favorable impression of the goods they are buying. It is a problem that hit Travis, a Northeastern teen looking for a trigger lock for his rifle. He ordered what...
Another quarterly earnings reports, another rush of pleased Amazon investors hurrying to boost the stock in after-hours trading — Amazon stock jumped 4.1 percent in after-hours trading, despite notching the rare miss on revenue expectations. Profit expectation doubled analysts’ forecasts, which helped instill confidence, as did continued...
