Brian Olsavsky

Amazon’s (NASDAQ:AMZN) Prime Day, a retail extravaganza generating billions in sales, can be traced back to a pivotal pitch made to Jeff Bezos, the company’s founder, by a single executive. What Happened: The origins of Prime Day can be traced back to a proposal made by Diego Piacentini...

Despite global market turbulence and growing fears of a U.S. economic slowdown, major tech companies are ramping up their investments in data centers to support the booming artificial intelligence (AI) sector. Tech Giants Double Down On AI Infrastructure Microsoft Corp. (NASDAQ:MSFT), Meta...

Amazon.com, Inc. (NASDAQ:AMZN) CFO Brian Olsavsky said during the first-quarter earnings conference call the company is working hard and making progress at improving operating margins to pre-pandemic levels but noted: “It's a longer road than bouncing back in one or two quarters.”...

Amazon.com, Inc (NASDAQ: AMZN) will put an end to its "Treasure Truck" deals which gave customers deals-of-the-day via text message. What Happened: The customers, who signed up for alerts, were informed by Amazon through text message that Tuesday's Treasure Truck would be the...

Amazon.com, Inc (NASDAQ: AMZN), which had a revenue miss in its third-quarter earnings, is preparing to tighten its belt in the fourth quarter. What Happened: The company’s CFO Brian Olsavsky said the company encountered “moderating sales” and saw foreign currency headwinds in the...

Amazon.com, Inc. (NASDAQ: AMZN) reported its first-quarter results Thursday and also announced a price increase to its annual membership program. What Happened The company said it will be increasing the price of its Amazon Prime membership program from $99 to $119 effective May 11 for new members;...

Amazon.com, Inc. (NASDAQ: AMZN) broke out results for its Web Services unit Thursday, with results that pleased investors. Web Services revenue grew 49 percent in the recent period to $1.57 billion, while its operating income fell 13 percent (excluding foreign exchange effects). Total Amazon...