Tag AMZN

Shopify (NYSE: SHOP) really came into its own during the entrepreneurial explosion that occurred during the lockdown phase of the pandemic. People forced into their homes and looking to create a web presence turned to the cloud-based e-commerce platform provider for the tools to achieve it...

Amazon (NASDAQ: AMZN) has fared worse by shedding 45% of its value in that timeframe. By now, most people are familiar with the much-talked-about slowdown in Amazon's e-commerce segment, which is one of many stay-at-home winners facing difficult comps and overexpansion after the boom years in 2020 and 2021. What is less highlighted, however, is the weakness in cloud services, which now make up 15% of Amazon's revenue and practically all of its operating income amid losses in the other reporting segments...

Jeff Blackburn, who leads Amazon's media and entertainment businesses, told employees Friday that he was retiring from the company in early 2023...

A report on the state of the service sector fueled fears that the Federal Reserve will be forced to continue its relentless campaign of rising interest rates in order to bring inflation under control. With that as a backdrop, shares of Amazon (NASDAQ: AMZN) were down 3.3%, Okta (NASDAQ: OKTA) tumbled 4.8%, and Roku (NASDAQ: ROKU) slumped 7.1% by the time the market closed. A check of all the usual sources found no company-specific news behind the sell-off, which suggests that the latest service sector data had investors worried the Fed will likely continue its ongoing campaign of interest rate hikes...

Amazon's (AMZN) AWS is chosen by Yahoo as the preferred public cloud provider for the latter's advertising technology business, Yahoo Ad Tech...

Triumph Technology Solutions, which has experienced 500% year-over-year revenue growth the past four years and is poised to double its client base in 2023, was one of three North American firms named an Amazon Rising Star Partner of the Year. The organizations were chosen from a network of 100,000 Amazon (NASDAQ: AMZN) Web Services partners. Triumph Tech was named Rising Star for system integrator businesses, a testament to the Philadelphia company's enormous growth in the past two years...

In April, organized labor claimed one of its biggest wins in years, if not in decades: Workers at a sprawling Amazon.com warehouse in Staten Island, N.Y., voted to unionize. It would be too glib to say that this was one step forward, two steps back for the union effort in the U.S. But the Amazon union’s victory and its subsequent difficulty in capitalizing upon that success highlight how 2022 served up—but left unsettled—a critical question: Have we witnessed this year, as Steven Greenhouse of the Century Foundation has framed it, the rejuvenation of a movement or merely a moment? For the 12-month period ended Sept. 30, more than 2,500 union representation petitions were filed with the National Labor Relations Board—a 53% increase from the prior year and the most since 2016...