Tag Archives: Amazons

Disappointing Q2 revenue reports and Q3 forecasts for Amazon (AMZN) may be symptomatic of a larger weakness, Volition Capital Managing Partner Larry Cheng said in an interview with Yahoo Finance Live. “[Amazon will] be dominant in the future,” Cheng said. “However, I do think during this period their Achilles heel has emerged, and it’s the strength and the weakness being the same thing for Amazon. Their strength is that they are ‘the everything store.’ Their weakness is that they are… Source link

Amazon is having a rough ride this week. Alongside second-quarter results that fell short of expectations and triggered a plunge in shares, the company disclosed that Europe just levied a gobsmacking 746 million euro fine, or roughly $887 million, in its earnings filings with the Securities and Exchange Commission. More from WWD The record-breaking penalty, first unearthed by Bloomberg on Friday, was imposed by the Luxembourg National Commission for Data Protection, the top privacy regulator… Source link

Amazon’s (AMZN) annual celebration of consumerism, Prime Day, is nearly here. Running from June 21 to June 22, the shopping event, which will feature concerts by Billie Eilish, H.E.R., and Kid Cudi, is certain to offer plenty of sales, and rake in billions for the e-commerce giant. During last year’s Prime Day, which was pushed to October due to the pandemic, sales by third-party sellers surpassed $3.5 billion. Amazon didn’t release total sales numbers for the event, but research firm… Source link

The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau Israel’s government chose Amazon Web Services (AWS) (AMZN.O) and Google for a more than $1 billion project to provide cloud services for the country’s public sector and military. Amazon and Google beat out Microsoft (MSFT.O), Oracle (ORCL.N) and IBM (IBM.N) in the tender for the four phase project known as “Nimbus”, the Finance Ministry said on Wednesday. They will establish… Source link

FILE PHOTO: The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France, February 7, 2018. REUTERS/Charles Platiau JERUSALEM (Reuters) – Israel’s government chose Amazon Web Services (AWS) and Google for a more than $1 billion project to provide cloud services for the country’s public sector and military. Amazon and Google beat out Microsoft, Oracle and IBM in the tender for the four phase project known as “Nimbus”, the Finance Ministry said on Wednesday. They will… Source link

Wednesday, February 3, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Amazon (AMZN) is getting a new CEO, and he’s the same executive who turned the e-commerce giant into a cloud computing juggernaut. Andy Jassy, the head of Amazon’s Amazon Web Services (AWS), will replace Jeff Bezos as CEO in the third quarter. The change means… Source link

Amazon is a shopping site. Google is all about search. Microsoft makes Windows. That’s what a lot of people think of when they consider three of the biggest tech companies around. But increasingly, the labels are out of date as the three companies turn more toward a far more profitable line of business: cloud computing. The elevation Tuesday of Andy Jassy as Amazon’s future CEO was the latest evidence that the forecast for Big Tech is increasingly cloudy. Jassy spent the last two decades… Source link

Alphabet has been reporting Google Cloud revenue for a year now. Photo: David Paul Morris/Bloomberg News … Source link

Late last year, Baird analyst Colin Sebastian called Google an “e-commerce powerhouse.” He expected Google Shopping to make efforts to win over more merchants and shoppers following the hiring of former PayPal Chief Operating Officer Bill Ready. That would make Google a serious competitor to Amazon (

Tom Clancy’s Jack Ryan, the latest Amazon political action thriller, was just released on August 31st, but Microsoft fans might have an extra reason to watch. We noticed that several of the company’s products, including Surface Studio, Bing, and MSN were blatantly product placed in an episode of the web series. Watching #TomClancysJackRyan and I found some Microsoft product placement. Peep the Surface Studio?? In episode 2, French Connection. When Jack goes to the doctor the doctor marks… Source link