Articles for Unit Amazon

Amazon shares tank 4% on weakness in cloud computing unit after Q1 forecasts miss Wall Street estimates
Trending News
1 month, 1 week ago

Amazon shares tank 4% on weakness in cloud computing unit after Q1 forecasts miss Wall Street estimates

Live Mint  

Amazon, one of Wall Street’s most influential companies, topped analysts’ expectations for earnings at the end of 2024, but its stock nevertheless fell 4%. Amazon.com dipped 3.7% due to weakness in the retailer's cloud computing unit, Amazon Web Services, and lower-than-expected forecasts for first-quarter revenue and profit. Amazon.com eliminated a reference to "inclusion and diversity" in its annual report filed …

Unit Amazon
Amazon announces layoffs in ‘Buy with Prime’ unit after 500 job cuts in Twitch, Audible
1 year, 1 month ago

Amazon announces layoffs in ‘Buy with Prime’ unit after 500 job cuts in Twitch, Audible

Hindustan Times  

Continuing the string of layoffs in big tech companies, Amazon has announced that it has cut 5 percent of all jobs in the 'Buy with Prime' department of the company, reported Reuters. The tech giant's audiobook unit Audible also saw hundreds of job cuts in just the first couple of weeks of this year. This comes after a recent report …

Job Tech Amazon Google Reuters Big Buy
Amazon pumps Rs2,600 crore in India unit amid trade war with Flipkart
6 years, 10 months ago

Amazon pumps Rs2,600 crore in India unit amid trade war with Flipkart

Live Mint  

New Delhi: US e-tail giant Amazon has infused fresh capital to the tune of Rs2,600 crore into its India unit, Amazon Seller Services, to strengthen the war-chest of the company against domestic rival Flipkart. According to filings to corporate affairs ministry, Amazon Corporate Holdings and Amazon.com.incs has made the Rs2,600 crore investment in the Indian marketplace unit. When contacted, Amazon …

India Indian Flipkart Unit Amazon
Alibaba cloud unit sets sights on Amazon in $1 billion global push
9 years, 7 months ago

Alibaba cloud unit sets sights on Amazon in $1 billion global push

China Daily  

The logo of Aliyun, Alibaba Group Holding Ltd's cloud computing arm, in Beijing. China's Alibaba Group Holding Ltd said on Wednesday it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Simon Hu, the president of Aliyun and former …

China Amazon Microsoft Cloud Chinese Customers Ibm
Penguin offers to scrap Apple e-book deals to end EU antitrust case
11 years, 10 months ago

Penguin offers to scrap Apple e-book deals to end EU antitrust case

Firstpost  

British media group Pearson’s Penguin unit has offered to scrap e-book deals with Apple that imposed price restrictions on Amazon and other retailers… British media group Pearson’s Penguin unit has offered to scrap e-book deals with Apple that imposed price restrictions on Amazon and other retailers, EU antitrust regulators said on Friday. The concessions, if accepted by the European Commission, …

Commission Media Group Penguin Unit