by Mike Duff | Oct 27, 2023 | Featured News, Retail Articles
The third quarter saw Amazon blow by financial expectations and finish with almost $10 billion in profits. Net income increased to $9.88 billion in the third quarter, or 94 cents per diluted share, versus $2.87 billion, or 28 cents per diluted share, in the...
by Mike Duff | Oct 3, 2023 | Retail Articles
Panos Panay is joining Amazon to lead the devices and services business when Dave Limp retires from Amazon later this year. CEO Andy Jassy and Limp made the announcement to the company. Panay also will be joining the S-Team, the top leadership group at Amazon. Panos...
by Mike Duff | Sep 26, 2023 | Retail Articles
In advancing its AI capabilities, Amazon has struck a deal with Anthropic that includes an investment of up to $4 billion, giving it a minority ownership stake in the company. Amazon developers and engineers will be able to build using Anthropic models via Amazon...
by Mike Duff | Apr 28, 2023 | Featured News, Retail Articles
Amazon turned to profits in the first quarter and beat Wall Street earnings and sales estimates with the e-commerce giant noting the contribution of an expanded home assortment led by a new Martha Stewart program. The company posted first-quarter net income of $3.17...
by Peter Giannetti | Mar 23, 2023 | Retail Articles
Amazon circulated a statement internally that addressed the company decision to eliminate 9,000 more positions in the next few weeks on top of 18,000 layoffs previously announced. In the statement, CEO Andy Jassy noted: As part of our annual planning process, leaders...
