Amazon.com Inc (AMZN)
Amazon ramps up ad spending on Elon Musk's X, WSJ reports
Amazon.com is increasing its advertising on billionaire Elon Musk's social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Amazon cuts jobs in Sustainability department
Amazon is eliminating a small number of roles in its Communications and Sustainability departments, according to an internal memo viewed by TechCrunch.
Amazon (AMZN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Amazon (AMZN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Amazon lays off dozens of corporate workers in latest round of job cuts
Amazon has started the year with a series of layoffs across different parts of the company as it continues to trim its workforce and streamline operations.
Amazon to Eliminate ‘Small Number' of Roles in Communications Department
Amazon's communications department is reportedly the latest segment of the company's corporate workforce to see layoffs. The company is laying off dozens of people in the department, Bloomberg reported Wednesday (Jan. 29).
Proposed Class Action Lawsuit Alleges Amazon Sold Consumers' Geolocation Data
Amazon reportedly faces a proposed class action lawsuit that alleges the company tracked consumers' movements through their cellphones and sold the data it collected.
Amazon's latest job cuts impact corporate communications and sustainability employees
Amazon laid off employees in its communications and sustainability organizations on Wednesday in the latest round of cuts at the tech giant.
Amazon lays off 'small number' of employees in communications and sustainability units
Amazon is laying off a "small number" of employees in its communications and sustainability units. The company laid of more than 27,000 employees in 2022 and 2023 and has continued making smaller cuts.
Goldman Sachs hires Amazon exec in senior AI engineering role
Goldman Sachs has hired Daniel Marcu from Amazon.com as its global head of artificial intelligence engineering and science to help develop and refine artificial intelligence platforms and products, according to a memo seen by Reuters.
Bezos vs. Bezos: Amazon sues WA state over Washington Post request for Kuiper records
The company that Jeff Bezos founded has gone to court to keep the newspaper he owns from finding out too much about the inner workings of its business.
Amazon accused of secretly tracking shoppers — and selling sensitive data collected through backdoor
Amazon allegedly provided tens of thousands of app developers with code known as Amazon Ads SDK to be embedded in their apps.
Amazon: I Was Wrong
In recent weeks, Amazon stock has broken past multi-year technical resistance in the $190-$200 range, rendering my early November downgrade to "Hold" a poor call. Now, heading into next week's quarterly report, management guidance and consensus estimates suggest Amazon will continue its healthy growth trajectory, with positive revenue and EPS revision trends for Q4. As a long-term shareholder, I continue to adore Amazon as a business. However, AMZN stock is now overvalued by 20%, and its forward returns are likely to be market-like.
