The Bengaluru court in India on Friday (Feb. 14) put an antitrust investigation into Amazon and Flipkart on hold for two months following a challenge by Amazon, Reuters reported, citing lawyers. Two attorneys involved in the proceedings told Reuters on Friday that Amazon submitted a...
Amazon holds the dominant edge in the market for smart speakers, as about 70 percent of people in the U.S. who use the devices are using an Amazon Echo, according to a report Monday (Feb. 9) by eMarketer. That makes the online retail behemoth the...
Amazon’s investments in logistics have paid off; it’s back in the $1 trillion stock value arena after the company’s results exceeded industry expectations, according to a report by Reuters. The company’s one-day shipping offering has caused Prime membership to spike as well. Out of the...
Index Ventures and Accel, two early investors in Deliveroo, are speaking out against the Competition and Markets Authority (CMA) in the U.K., which is currently conducting a probe into the company’s potential deal with Amazon, according to a report Tuesday (Jan. 28) by the Financial...
The ex-wife of Amazon Founder and CEO Jeff Bezos, MacKenzie Bezos, has sold $400 million of her stake in Amazon, according to a report by CNBC. The move was reported on Friday (Jan. 24). The sale was filed under her husband’s name, as he owns...
The rumors about hand-based payments out of Amazon have been building for the last few months. In early September 2019, reports emerged that Amazon was testing hand recognition-based payments at Whole Foods locations using its New York employees and some custom-fitted vending machines as an initial...
Amazon might become a part of the so-called trillion-dollar club once again. The club is the collection of firms that have a market value of at least $1 trillion and encompasses tech giants Microsoft and Apple along with Google-parent Alphabet. Microsoft has a $1.27 trillion...
Amazon has announced that it is opening a pop-up store at its headquarters in Seattle, according to a report by GeekWire. The store is an expansion of one of Amazon’s new concepts that hasn’t been talked about much in comparison to the company’s other retail...
During a visit to India by Amazon CEO Jeff Bezos and following the announcement of a $1 billion investment, the country’s trade minister Piyush Goyal said the eCommerce giant isn’t “doing a great favor to India,” according to reports on Thursday (Jan. 16). “They may...
