Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
Amazon denies crypto payment method rumours April 14, 2022 Amazon chief Andy Jassy said the company will not be adding crypto as a payment method for the foreseeable future following rumours that the internet behemoth was gearing up for a rollout.
Amazon passes inflation surcharges onto sellers as the ecommerce giant battles rocketing costs April 14, 2022 Amazon is set to introduce a five per cent "fuel and inflation surcharge" as the ecommerce giant grapples with the rocketing costs.
Fifa takes on Netflix and Amazon Prime by launching new streaming service Fifa+ April 13, 2022 Fifa has joined the likes of Netflix and Amazon Prime by launching its own streaming platform Fifa+. The free service will provide football fans with live matches from around the world, along with archive content and documentaries. “Fifa+ will provide access to live matches from every corner of the world, interactive games, news, tournament information, [...]
Exclusive: Huge rates hike for logistics warehouses as Amazon bill to rise more than £1m April 8, 2022 Occupiers of logistic warehouses are braced for a dramatic rates hike, data shared exclusively with CityA.M. has revealed. With e-commerce firms desperate to grab space, rents in the industrial and logistics sector have shot up. Rental growth means will see average increases of 18.7 per cent across the board on business rates payable from April [...]
Amazon sellers get five star status with bogus reviews of toys, investigation finds April 7, 2022 Amazon sellers have been manipulating its review system to boost their review status to five stars, a deep-dive by a consumer choice group has claimed. Businesses are making the most of a loophole with the online retail giant, using items such as cuddly toys and umbrellas to help inflate rating sand sell products. An investigation [...]
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.
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
US court dismisses antitrust lawsuit against Amazon March 19, 2022 US court has thrown out a lawsuit against Amazon.com after the tech giant was accused of antitrust violations. The court dismissed claims relating to the website banning third-party sellers from offering better deals for their products elsewhere. Amazon’s motion to dismiss the complaint was granted by Judge Hiram Puig-Lugo of the Superior Court of the [...]
DS Smith: What inflation? Amazon partner shrugs off rising costs March 10, 2022 DS Smith reported its latest results this morning, which were largely in-line with expectations. The group’s been able to fully offset rising costs with price increases and volume growth. The impact of rising energy costs has been mitigated by improved efficiency and a hedging strategy. Full year like-for-like volume growth is expected to be in [...]