Forget Apple and its $1 trillion market capitalization. The way MKM Partners sees it, Amazon.com could hit $2.5 trillion in market cap by 2024. According to a report in CNBC, citing MKM Analyst Rob Sanderson, thanks to the company’s profitable cloud computing unit, Amazon Web...
The challengers, they keep on taking their shots … The never-ending quest by retailers to put up a stronger fight against Amazon made news in recent days, in some cases indirectly, but still noteworthy. First, Target expanded its curbside pickup service to California and Colorado....
Earlier this month, Amazon officially launched its Pay by Invoice feature — and many small sellers aren’t happy about it. Pay by Invoice officially went into effect for third-party sellers on Aug. 8. With the new service, companies get a credit for selling their merchandise on Amazon...
Amazon.com is eyeing the U.K. insurance market and is reportedly in talks with European insurers about creating a price comparison website. Reuters, citing three industry executives, reported companies have held discussions with Amazon about the potential to launch the website, with one source telling the...
Amazon and Microsoft on Wednesday (Aug. 15) announced a public preview of their plans to integrate Alexa with Microsoft Cortana, a plan announced last summer. In a blog post, Amazon said users can now use Amazon Echo devices to access many of Cortana’s features, such as...
Amazon‘s new payment option that allows business sellers to pay by invoice officially went into effect for third-party sellers on August 8. The eCommerce giant announced Pay by Invoice back in May. With the new service, companies get a credit for selling their merchandise on Amazon...
Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that in three years’ time, advertising will bring in more revenue for Amazon. According to a report in CNBC, Piper Jaffray Analyst Michael Olson said that...
Amazon and Whole Foods Market announced Wednesday (August 8) the launch of curbside grocery pickup in Sacramento and Virginia Beach. In a press release, Amazon said the service will come to more cities throughout the remainder of the year. With curbside delivery, Prime members can...
Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers Playbook with running a large business opportunity scheme. A federal court temporarily stopped the operation until the case is resolved....
