A conflict between Amazon CEO Jeff Bezos and Saudi Crown Prince Mohammed bin Salman didn’t derail the eCommerce giant’s launch of its new website in Saudi Arabia, Reuters reported. The website is a re-branding of Middle Eastern eCommerce site Souq.com, which was acquired by Amazon...
After legislators had asked that he offer testimony in their antitrust probe into large tech firms, a lawyer for Amazon said that Jeff Bezos would be amenable to testify before Congress. Robert K. Kelner from the Covington & Burling law firm said the retailer was...
Amazon could be facing antitrust charges by the European Union (EU) as early as next week over its treatment of third-party sellers, The Wall Street Journal reported Thursday (June 11). The European Commission, the 27-nation bloc’s antitrust regulator, has been building its case against the eCommerce giant...
In what is seen as the latest marriage between tech and Wall Street, Amazon has partnered with Goldman Sachs to launch a digital credit line for U.S. merchants, CNBC has learned. Here’s how it would work: small and medium-sized business (SMB) sellers on the eCommerce...
Amazon could be planning an artificial intelligence-driven virtual shopping service, according to documents from a presentation planned for the IEEE Conference on Computer Vision and Pattern Recognition (CVPR), VentureBeat reports. The service would be multi-layered and work through several different algorithms. Users will be able...
Amazon-owned PayFort aims to support startups and small and medium-sized businesses (SMBs) in the Middle East with its #StartUpStayUp initiative. The FinTech company has invited more than 100 of its startup and SMB “merchant partners” to benefit from the initiative, whose goal is to increase traffic...
Of the 175,000 workers Amazon brought on board during the coronavirus pandemic, the eCommerce titan plans to keep over half of them, Reuters reported. The company said they would offer permanent jobs to around 125,000 of the new pandemic hires, which equates to 70 percent....
After removing the camera from store shelves in December of last year, Amazon is sunsetting the Echo Look. Clients started to get messages yesterday noted that their units, as well as accompanying app, will “no longer function” starting in July of this year, as the...
Amazon customers can now use Supplemental Nutrient Assistance Program (SNAP) benefits in more states, according to a statement from the eCommerce giant. As of this week, customers with SNAP in the states of Colorado, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Vermont, Virginia, West...
