Peloton regains momentum as premarket trading sends shares up 22 per cent amid takeover rumours February 7, 2022 Peloton shares soared 22 per cent in premarket trading today after weekend reports of takeover interest from Amazon and Nike. Amazon is exploring an offer for Peloton, a source told Reuters on Friday. The Financial Times and the BBC also reported sportswear company Nike was weighing a bid for Peloton, which touched new records last [...]
Amazon and Nike eye Peloton bids after valuation plunges from $50bn to $8bn February 5, 2022 Amazon and Nike are reportedly mulling separate bids for Peloton, after calls from an activist investor to sell off the exercise equipment giant. After riding the pandemic high to an eyewatering $50bn valuation 12 months ago, Peloton has backpedalled to a humbler $8bn capitalisation. Activist investor Blackwells Capital, which owns a little under five per [...]
Amazon’s sales forecast misses estimates as it hikes Prime membership in US February 3, 2022 Amazon.com said it raising the price of its Prime subscriptions, as it looks to offset higher shipping costs and wages even after beating profit expectations for the holiday quarter. Shares rose 17 per cent in after-hours trade, after dropping nearly eight per cent before the market’s close as part of a broader technology stock sell-off. [...]
Amazon, NHS, Google, Tesco or Apple perhaps: These are the companies we want to work for the most January 22, 2022 As we all have differing dreams and ambitions, the organisation we want to work for can vary. S ome of us are motivated by working in sectors that offer the most financial gain, whereas others are interested in jobs that can make a real difference in the world. But is there a particular organisation that [...]
Amazon Alexa down across the UK, thousands of Brits unable to access smart speaker and other devices January 21, 2022 Amazon’s Alexa virtual assistant is down in the UK, leaving users unable to access smart speakers and other devices. According to service status website DownDector, UK users began reporting problems with Alexa at around 7am on Friday, with more than 8,000 reports since recorded. Many users are reporting being unable to wake their voice-activated Amazon [...]
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.
U-turn: Amazon says it will NOT block UK Visa credit cards from Wednesday in last minute deal January 17, 2022 Amazon just said it will no longer block UK Visa Credit cards from Wednesday, as the e-com giant initially planned to do. Under a last minute deal, UK-issued cards will still be allowed to carry payments, the company said. Amazon said it is “in talks” with Visa to reach an agreement. ‘Applying pressure’ Responding to [...]
Amazon’s ban on Visa circumvented as users still be able to pay with credit cards on e-com’s platform January 14, 2022 From Wednesday, Amazon will no longer accept Visa credit cards issued in the UK. However, one company told City A.M. this afternoon it has found a way to which allows users to pay by Visa Credit on Amazon, so customers can continue using their Visa Credit cards on Amazon. Curve claims to be “the only [...]
Leaked documents: Amazon denies claims Alexa’s novelty has worn off December 22, 2021 Amazon has denied claims consumers are losing interest in Alexa after media obtained internal documents predicting a slump in sales growth.
Apple struggles to keep pace with Google and Amazon according to new study on future readiness December 15, 2021 Tesla, Lululemon, Mastercard, and Google topped the global rankings in their respective industries in the Future Readiness Indicator released today, and a number of global companies fared much worse than expected, including Apple, IBM, Twitter, Spotify, HSBC, Audi, and Sony.