Tag AMZN

Amazon is conducting a review of its lossmaking business units as part of a sweeping effort to cut costs at the ecommerce and cloud group, two people familiar with its plans confirmed. The review, which is being overseen by Amazon’s chief executive Andy Jassy, includes an examination of the Alexa voice assistant division, the people said. Amazon has come under pressure from investors to rein in spending company-wide, with its shares having fallen by more than 40 per cent this year amid macroeconomic pressure and the mounting costs of running its logistics operation...

Amazon stock, and other e-commerce companies, staged a hot rally following a closely watched report indicating inflation was easing...

Amazon.com became the world's first public company to shed a trillion dollars in market value...

Amazon.com Inc is reviewing unprofitable business units, including the devices division that houses its voice assistant Alexa, to cut costs, the Wall Street Journal reported on Thursday, sending the e-commerce company's shares up 11%...

The world is heading into a holiday season that could be characterized by slower-than-expected spending. Click here to read my analysis of AMZN stock...

Amazon's market capitalization fell below $900 billion on Wednesday. The total loss of value for Amazon stock is truly eye-popping...