Amazon.com

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Amazon Just Made It to the Big Time on Wall Street

E-commerce giant joins Dow's blue chips, bumps Walgreens ahead of Walmart stock split

(Newser) - Amazon is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: the Dow Jones Industrial Average. The e-commerce pioneer will officially take its position in the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance, per the AP . S&...

Big Layoffs at Roomba After Amazon Deal Falls Through

Companies say the planned acquisition is off

(Newser) - Amazon and Roomba won't be getting together after all. The retail giant and vacuum maker iRobot said Monday that Amazon's planned acquisition is off, reports the Wall Street Journal . The deal had faced big regulatory hurdles in Europe and the US. Amazon will pay the Massachusetts company a...

Keeping Amazon Prime Video as You Know It Will Cost You

Streaming service will begin showing ads in movies, TV shows on Jan. 29, unless you pay up

(Newser) - We knew this day was coming , though we didn't know exactly when. Now, Amazon announces that its Prime Video service will start showing ads in its movies and TV shows beginning next month. The AP reports that the ad-infused content will kick off on Jan. 29, according to an...

Report: Amazon Is Now the Biggest US Delivery Business

'WSJ' reports online giant has moved ahead of UPS, FedEx

(Newser) - Almost a decade after its efforts to build its own delivery network were mocked by rivals FedEx and UPS, Amazon has surpassed them both to become America's biggest delivery business, according to the Wall Street Journal. The Journal, citing "internal Amazon data and people familiar with the matter,...

Amazon Stays Tough as Nails on Return to Office Mandate

Company says workers who don't comply may lose out on promotions

(Newser) - Amazon has been fairly unyielding with its return-to-office mandate, and a new report from CNBC indicates that stance isn't softening. Per posts on the company's internal site viewed by CNBC, staffers who don't work from the office at least three days a week—as they have been...

You May Be Able to Buy Your Next Car on Amazon

To begin with, site will let customers buy on site from local Hyundai dealers next year

(Newser) - Want to add a car to your Amazon cart? You might get your chance. The e-commerce giant will launch vehicle sales in the US next year and allow local car dealers to sell directly to customers on its site. In a joint announcement with car manufacturer Hyundai on Thursday, the...

Undisclosed Algorithm Helped Amazon Raise Prices: FTC

Company says 'Project Nessie' is misunderstood

(Newser) - Amazon relied on an undisclosed algorithm to help it increase what it charged buyers without risking the company ending up alone at higher price points, a government lawsuit says—the idea was to pull competitors along. "Project Nessie" helped Amazon leverage its market clout, the Federal Trade Commission's...

Feds, States Bring Huge Monopoly Suit Against Amazon

FTC, 17 states say Jeff Bezos' company is an illegal operation

(Newser) - The Federal Trade Commission and 17 state attorneys general filed an antitrust lawsuit against Amazon on Tuesday, alleging the e-commerce behemoth uses its position in the marketplace to inflate prices on other platforms, overcharge sellers, and stifle competition. The lawsuit, filed in US District Court for the Western District of...

In Artificial Intelligence Race, 'Claude' Just Got a $4B Boost

Amazon invests big in startup Anthropic, seen as a main rival to ChatGPT, backed by Microsoft

(Newser) - The fast-intensifying arms race in artificial intelligence just intensified again. Amazon is investing up to $4 billion in the startup Anthropic, which makes an AI tool called Claude, reports the Wall Street Journal . The initial outlay is $1.25 billion, but it can hit the higher amount if all goes...

Amazon Prime Caves, Will Run Ads on Films, Shows

Prime members who don't want such interruptions can fork over an extra $2.99 per month

(Newser) - Amazon Prime Video will include advertising during shows and movies starting early next year, joining other streaming services that have added different tiers of subscriptions. Members of Amazon Prime can pay $2.99 per month in the US to keep their service ad-free, the company said Friday, per the AP...

Amazon Driver Dropped the Box. The Snake Struck

She was bitten on the back of her leg while delivering a package

(Newser) - An Amazon driver encountered something worse than a porch pirate on Monday. As Monet Robinson was delivering a package to a home in Palm City, Florida, she was bitten in the back of her leg, just above the knee, by an eastern diamondback rattlesnake that had been coiled by the...

Amazon Delivers to Bottom of Grand Canyon, in a Unique Way

Company can't use its vans to reach workers at Phantom Ranch, but mules do the trick

(Newser) - You may be accustomed to seeing those ubiquitous dark-blue vans with the Amazon logo puttering around your town, especially around the holidays when package deliveries are at a peak. In the northwest corner of Arizona, however, a different mode of transport is employed: mules, saddled up with sealed boxes as...

Bernie Sanders Launches Investigation Into Amazon

Senator is probing working conditions at the e-commerce giant

(Newser) - Bernie Sanders announced Tuesday that the Senate committee he chairs has launched a probe into working conditions at Amazon's warehouses. The senator said the Senate Health, Education, Labor and Pensions Committee, or HELP, will be looking into why Amazon is "one of the most dangerous places" to work...

Amazon Plans Ad Tier for Prime Video

Sources say discussions are in early stages

(Newser) - Netflix got one, Disney+ got one, and now it looks like it's Prime Video's turn. Amazon is reportedly planning an ad-supported tier of its streaming service. Sources tell the Wall Street Journal discussions are in the early stages and could still be set aside. But advertisers are definitely...

Ordering at Panera? Put Up Your Palm

Critics say chain's plan to use biometrics payment system could lead to privacy issues

(Newser) - Soon, paying at Panera Bread will be as easy as holding up your hand. That's because the bakery-cafe chain will be rolling out a palm-reading payment system over the next few months, expediting transactions but raising concerns among privacy advocates. NPR reports that the biometrics technology it plans on...

Amazon Rebuffs Pleas From 30K Workers to Stay Remote

HR chief says that, despite petition, return-to-office plan will continue as planned, starting May 1

(Newser) - Last month, Amazon CEO Andy Jassy shared a letter with staff announcing the company's intent to bring all employees back into the office at least three days a week, starting May 1. Many workers weren't happy about that—at least 30,000 of them (10% of Amazon's...

Amazon Announces Thousands More Layoffs

9K jobs will be cut, bringing 2023 total to 27K

(Newser) - Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday. The job cuts would mark the second largest round of layoffs in the company's history, adding to the 18,000 employees the tech giant said...

Amazon Confirms Plan to Cut 18K Jobs

That's up from the 10K earlier announced

(Newser) - Amazon has confirmed that it is planning to lay off more than 18,000 workers—the most of any large tech company, though not as a percentage of employees. After the Wall Street Journal reported on the layoffs Wednesday, Amazon CEO Andy Jassy issued a statement . "We typically wait...

That Cute Minnie Outfit You Bought May Be Chock-Full of Lead

Bentex recalls 87K Disney-themed clothing sets sold on Amazon, in TJ Maxx

(Newser) - A manufacturer of children's apparel has issued a recall of 87,000 Disney-themed outfits due to a risk of lead poisoning. The clothing sets made by Bentex—which feature characters such as Minnie Mouse, Baby Yoda, and Winnie the Pooh—were sold on Amazon and at TJ Maxx and...

Amazon Is First Company to Lose $1T in Market Value

Share price has fallen almost 50% this year

(Newser) - Just over four years ago, Amazon became the second US company to reach a $1 trillion valuation, weeks after Apple hit the same milestone. The e-commerce giant has now reached a more unwelcome milestone, becoming the first company in the world to lose $1 trillion in value, Bloomberg reports. Amazon'...

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