Amazon is facing calls from a U.S. lawmaker for Congressional hearings on its $13.7 billion bid for grocery store chain Whole Foods Market. According to a report in Bloomberg News, last week U.S. Representative David Cicilline, a Democrat from Rhode Island, sent a letter to...
In the annals of investing, only a few companies get to cross stock price levels that are headline-inducing and psychologically pleasing (investors long for those companies). Amazon joined that club, intraday on Tuesday (May 30), when its common shares crossed $1,000 (changing hands at $1,001.20),...
Amazon on category killer — it’s old hat in eCommerce and in the war against bricks-and-mortar. The retail landscape is littered with corporeal bodies slain by the digital upstarts. Amazon has come a long way since its warehouse days. The latest salvo in its war against...
August 23, 2018
Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC, citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web Services (AWS), the company could see its value explode. The analyst […]
July 17, 2017
Amazon is facing calls from a U.S. lawmaker for Congressional hearings on its $13.7 billion bid for grocery store chain Whole Foods Market. According to a report in Bloomberg News,...
May 31, 2017
In the annals of investing, only a few companies get to cross stock price levels that are headline-inducing and psychologically pleasing (investors long for those companies). Amazon joined that club,...
March 24, 2017
Amazon on category killer — it’s old hat in eCommerce and in the war against bricks-and-mortar. The retail landscape is littered with corporeal bodies slain by the digital upstarts. Amazon has...
