Amazon Rides on Pandemic-Induced Demand to Grow Revenues 44% in Q1
Amazon posted a first quarter revenue of $108.5 billion, a 44% jump from the same period last year, according to the company’s press release. Net income in the quarter more…
Amazon Stock Soars on Speculations of Stock Split as Early as This Week
Amazon stock gained 2.1% on Monday after Fox Business’s Charles Gasparino said the company is likely to have a stock split this year, Seeking Alpha reports. In a tweet, Gasparino…
Susquehanna Analyst Targets $5,200 Amazon Stock Price and $3,000 for Alphabet
Susquehanna analyst Shyam Patil has raised Amazon’s price target from $4,000 to $5,200, according to MarketWatch. The analyst was also most bullish on Google-parent Alphabet after boosting the target by…
Amazon Releases Q4 Results, Jeff Bezos to Transition to Executive Chair Role
Amazon’s net sales in the fourth quarter rose 44% to $125.6 billion, up from $87.4 billion in the same period in 2019, according to the company’s press release. The company…
U.S. Tech Giants Targeted in Hefty EU Fines over Monopoly
Amazon, Apple, Facebook, and Google face hefty fines of between 6-10% under a draft EU law that seeks to curb their power in data and online platforms, reports Reuters. The…
AWS Launches EC2 Computing Instances Running on Apple’s MacOS
Amazon Web Services is drawing on Apple’s Mac Mini computers, featuring Intel Core i7 chips to deliver EC2 virtual-computing instances with MacOS, according to CNBC. The instances run on bare…
Amazon Expands Push into Healthcare with Online Pharmacy
Amazon announced new pharmacy offerings on Tuesday as it pushes into the healthcare industry through affordable and accessible medicine, according to the company’s press release. Amazon Pharmacy, the new store,…
Amazon Charged By EU on Antitrust Violations
On Tuesday, the EU regulators charged Amazon for distorting online retail competition and initiated a second investigation into the online retailer’s business practices, according to the Financial Times. Investigations into…
Apple, Amazon, Facebook, and Google Record Earnings Increases despite Scrutiny Issues
Apple, Amazon, Facebook, and Google posted combined revenues of $220.28 billion, up from $200 billion revenues last quarter, MarketWatch reports. The Big Four, which make up about one-fifth of the…
GOP Member Says House Panel to Seek Breakup of Tech Giants
Sweeping reforms proposed by a house panel led by Democrats seek to block tech giants such as Apple inc. and Amazon.com inc. from selling their own products and owning marketplaces,…