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...
Amazon CEO Jeff Bezos arrived in India amid protests and an antitrust probe to attend a two-day summit and extend a $1 billion investment to digitize the country, according to reports on Wednesday (Jan. 15). Hosted by Amazon, the inaugural summit Amazon Smbhav Jan. 15-16...
Amazon is lending a helping hand to Deliveroo amid the food delivery startup’s troubles with the U.K. government. The U.K. is investigating Deliveroo’s last funding round. Without financial aid from Amazon, the company would have risked running low on funding, according to Bloomberg. Deliveroo’s spokesperson...
Amazon is cracking down on the sale of counterfeit goods, saying it will now cooperate more intensely with law enforcement on those matters. According to a source who spoke to Reuters, the worldwide eCommerce retailer will now report counterfeit goods directly to U.S. and European...
Amazon, during the height of the holiday shopping season, told its customers to uninstall Honey, a browser extension that automatically searches for coupon codes at checkout, according to a report by CNBC. Amazon said Honey could be a “security issue.” PayPal acquired Honey for $4...
IKEA has announced it is cutting ties with Amazon, a move that other brands like Nike, Birkenstock and PopSockets have also done recently. However, according to a report by CNBC, the move could backfire, as Amazon completely dominates the online shopping market, with 38 percent...
