Tag AMZN

U.S. online retail giant Amazon has made it easier for users to cancel their subscriptions to its fast shipping club Prime with just two clicks, following complaints from consumer groups, the European Commission said on Friday. European Consumer Organisation (BEUC), the Norwegian Consumer Council and the Transatlantic Consumer Dialogue took their grievances to the EU executive in April last year. They said users had to go through numerous hurdles such as complicated navigation menus, skewed wording and confusing choices, to unsubscribe from Amazon Prime...

U.S. online retail giant Amazon has made it easier for users to cancel their subscriptions to its fast shipping club Prime with just two clicks, following complaints from consumer groups, the European Commission said on Friday...

Its revenue plunged 25% year over year to $1.46 billion, which missed analysts' expectations by $50 million, as its comparable-store sales tumbled 23%. Its net loss widened from $51 million to $358 million on a GAAP (generally accepted accounting principles) basis. On a non-GAAP basis, it posted a net loss of $225 million, compared to a net profit of $5 million a year earlier, and its net loss of $2.83 per share broadly missed analysts' estimates by $1.44...

Amazon will begin streaming European Champions League football matches in the UK from 2024, as the online retailer and video platform moves to expand its footprint in live sports and challenge the traditional broadcast model. The three-year deal, announced on Friday, echoes Amazon’s arrangement with the Premier League, in which it has offered a small number of games to its Prime users as part of their subscriptions since 2019, while the bulk of matches have stayed with mainstream broadcasters. BT Sport, which has had exclusive UK rights to the Champions League since 2015, will continue to carry the vast majority of games, while match highlights will move to the BBC for the first time...

BRUSSELS (Reuters) -U.S. online retail giant Amazon has made it easier for users to cancel their subscriptions to its fast shipping club Prime with just two clicks, following complaints from consumer groups, the European Commission said on Friday. European Consumer Organisation (BEUC), the Norwegian Consumer Council and the Transatlantic Consumer Dialogue took their grievances to the EU executive in April last year. They said users had to go through numerous hurdles such as complicated navigation menus, skewed wording and confusing choices, to unsubscribe from Amazon Prime...

Like many of its peers, the multifaceted tech company is struggling. But there may be light at the end of the tunnel.....

Following a dialogue with... AMZN...

Amazon, Accenture, Comcast, Morgan Stanley, and Caterpillar are part of Zacks top Analyst Blog...