Tag AMZN

Amazon on Wednesday refuted claims it poses a threat to competition in Mexico's e-commerce market, a day after a regulator report alleged the company and rival Mercado Libre could limit new entrants to the country's burgeoning industry. Mexican antitrust regulator Cofece on Tuesday said the two companies together control more than 85% of transactions and sales in the sector, presenting a "practically insurmountable challenge for the expansion of the smaller players." Amazon said the company was aware of Cofece's preliminary report and was closely collaborating with the regulator...

Both companies just released positive earnings reports...

Mexican regulators have ordered online retailers Amazon and Mercado Libre to reveal their algorithms, and to wall off TV streaming to avoid stifling competition. It said that market dominance created “an absence of real competitive conditions in the online retail market.”...

Q4 2023 Maplebear Inc Earnings Call...

Uber announces its first-ever share repurchase program; Meta, Alibaba, and Disney have also announced buybacks during this earnings season...

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Royal Caribbean (RCL), Amazon (AMZN) and Pinterest (PINS) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it...

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