Amazon.com Inc (NASDAQ:AMZN)'s upcoming Prime Day sale event could drive more than $21 billion in sales, according to Bank of America analysts. This is driven by Amazon's decision to extend the sale to 96 hours, double last year's duration, starting July 8.
Amazon is sunsetting its standalone Freevee app next month. The company has consolidated its content offerings under Prime Video, which introduced ads in January 2024.
Amazon plans to shut down its standalone Freevee app in August, according to an in-app notice to users. The free, ad-supported streaming service is directing viewers to continue watching Freevee content on Prime Video.
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Specialty Retail Industry | Consumer Cyclical Sector | Andrew R. Jassy CEO | XDUS Exchange | US0231351067 ISIN |
US Country | 1,560,000 Employees | - Last Dividend | 6 Jun 2022 Last Split | 15 May 1997 IPO Date |
Amazon.com, Inc. is a multinational conglomerate that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It was founded in 1994 and has its headquarters in Seattle, Washington. Amazon has established itself as a leader in the online retail world, providing an extensive range of consumer products, advertising solutions, and subscription services. The company operates on a global scale, with key market segments in North America and International territories, along with its Amazon Web Services (AWS) sector, which offers advanced cloud computing solutions. Amazon's mission encompasses the retail sale of consumer products and services through online and physical outlets, manufacturing of electronic devices, content production, and provision of a platform for sellers, content creators, and developers.