Andy Jassy

On Thursday, e-commerce giant Amazon.com Inc. (NASDAQ:AMZN) disclosed a shift in consumer preferences towards lower-priced items and everyday essentials, resulting in a drop in average selling prices (ASPs). What Happened: During Amazon’s second-quarter earnings call, the e-...

Amazon.com Inc (NASDAQ:AMZN) has attributed its disappointing revenue forecast to the ongoing Paris Olympics and the recent assassination attempt on former President Donald Trump. What Happened: Amazon’s finance chief, Brian Olsavsky, cited the current news cycle as a major reason for the...

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) reported second-quarter financial results after the market close Thursday. Here are the key highlights. What Happened: Amazon reported second-quarter net sales of $148 billion, up 10% year-over-year. The net sales missed a Street consensus estimate of $...

E-commerce giant Amazon.com Inc (NASDAQ:AMZN) is making a big bet on live sports rights, paying billions for NBA rights. Could the move help boost subscribers of the Amazon Prime Video streaming platform? What Happened: Benzinga recently asked followers on social media if the new NBA rights deal...

Amazon.com Inc.‘s (NASDAQ:AMZN) strategy of selling its Echo devices at low prices in the hope of generating profits elsewhere within the company has not yielded the expected results. The company has incurred billions in losses as a result. What Happened: Amazon’s Echo devices, which...

Amazon.com Inc (NASDAQ:AMZN) stock just hit a dazzling new milestone, crossing the $2 trillion market cap for the first time ever on Wednesday. The stock has now joined the elite ranks of Microsoft Corp (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), Nvidia Corp (NASDAQ:NVDA) and Alphabet Inc (NASDAQ:GOOG...

Amazon.com Inc. (NASDAQ:AMZN) is reportedly working on a new AI chatbot, codenamed “Metis,” to compete with OpenAI’s ChatGPT. What Happened: Amazon’s Metis is designed to provide real-time information and automate tasks using a technique called retrieval-augmented generation...

Amazon.com Inc (NASDAQ:AMZN) has consistently shown growth across its diverse business segments, from e-commerce to cloud computing. While the bullish outlook for the Seattle-based company is well-documented, understanding the potential risks is crucial for a balanced investment strategy. A recent...

Bill Ackman, a billionaire investor, and hedge fund manager, has supported Amazon.com Inc. (NASDAQ:AMZN) in the ongoing employee hostage crisis. He has urged the public to remain patient and has emphasized the company’s ethical and responsible nature. What Happened: Ackman took X to voice his...

Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy shared his insights on the most crucial factor for success. What Happened: Jassy, who took over from Jeff Bezos in 2021, believes that a positive attitude is the key to success, reported CNBC on Thursday. He emphasized the importance of a positive mindset...

Amazon.com Inc. (NASDAQ:AMZN) CEO Andy Jassy has been found to have violated federal labor law with his anti-union statements by a judge of the National Labor Relations Board. What Happened: On Wednesday, NLRB Administrative Law Judge, Brian Gee, ruled that Jassy’s comments about unionization...

Amazon.com Inc (NASDAQ:AMZN) reported Q1 revenue of $143.3 billion, up 13% year-over-year, beating estimates. Earnings per share were 98 cents, recording a 25.64% surprise on the consensus of 82 cents. The earnings beat was propelled by robust performance in AWS and its international business. AWS...

Amazon.com Inc. (NASDAQ:AMZN) announced that its generative AI business has reached a "multibillion-dollar" revenue run rate, during the post-Q1 earnings call on Tuesday. What Happened: Amazon CEO Andy Jassy revealed the significant achievement during the company’s Q1 2024 earnings call. The...

Reed Hastings, the co-founder of Netflix Inc (NASDAQ:NFLX), recently revealed that he has been following a business philosophy inspired by Jeff Bezos, the former CEO of Amazon.com Inc (NASDAQ:AMZN). What Happened: Hastings, who co-founded Netflix in 1997 and now chairs the $260 billion streaming...

Amazon.com Inc (NASDAQ:AMZN) CEO Andy Jassy highlighted the potential of the company’s AI chatbot, “Q,” to revolutionize software development during the first-quarter 2024 earnings call. What Happened: On Tuesday, during the call, Jassy spoke about the pivotal role...