Amazon shares rally following 20-for-1 stock split June 6, 2022 Amazon shares continue to rally after the ecommerce giant went ahead with its 20-for-1 stock split this morning. The move, which took shares down from Friday’s closing price of $2,440 to around $127, is expected draw in new investors and reward current holders with returns. The company first reported the plan in March, which now means that [...]
The world is not enough: Amazon’s streaming push continues with $8.45bn deal for Bond studio MGM May 26, 2021 Amazon has confirmed it will acquire iconic film studio MGM in a deal worth $8.45bn (£6bn). MGM has more than a century of filmmaking history and is the home of a string of famous titles, including Tom & Jerry, The Wizard of Oz and the James Bond franchise. In a statement today the companies said [...]
Amazon plans to open department stores in US August 19, 2021 Amazon plans to open department stores in the U.S. allowing the trillion dollar tech company to expand its physical presence in retail. The company’s flagship retail stores are expected to be located in Ohio and California, an insider told The Wall Street Journal. The new spaces will offer customers access to household goods, clothing and [...]
Amazon set to ban ‘union’ phrases on employee messaging platform April 6, 2022 Amazon is reportedly in talks to ban the word "union" and other key words from its internal staff messaging app following a tirade of unionising calls.
Spotify and Amazon consider takeover bids for podcast platform Audioboom February 13, 2022 Spotify and Amazon are considering takeover bids for London-listed podcasting platform Audioboom which has enjoyed a boom in revenues through the pandemic, according to reports.
Amazon to open first US clothes store with a ‘tech twist’ January 20, 2022 Amazon is making another push to grow its fashion business, announcing today that it will open its first-ever clothes store store this year, with a tech twist.
Amazon hit by multiple outages around the world July 12, 2021 Amazon was hit by multiple outages from Sunday into Monday, but the company said the problems have now been resolved. Watch the full report.
Amazon to recruit additional 125,000 US workers September 14, 2021 Amazon has announced plans to recruit an additional 125,000 workers in the US. The ecommerce giant has also increased its average starting wage to more than $18 an hour. Workers in some locations will receive signing bonuses of $3,000, triple what the company was offering four months ago. Amazon will maintain its $15 an hour [...]
Amazon restricts LGBTQ+ search results in UAE following government pressure June 30, 2022 Amazon has restricted search results for LGBTQ+-related products in the United Arab Emirates after the government imposed threats on the US retail giant. As first reported by the New York Times, search terms like ‘LGBTQ’ and ‘pride’ were banned, as well as product searches such as ‘transgender flag’, and ‘chest binder for lesbians’. When searched, [...]
Amazon will pay college tuition fees for US staff September 10, 2021 Tech giant Amazon has offered to pay $1.2bn in tuition fees for 750,000 eligible employees as staff shortages continue to bite. In a statement published today, the company said that workers would be eligible for fully funded college tuition including costs for classes, books and fees. Employees who have worked at the company for as [...]