Amazon Com Stock Price, News & Analysis

Amazon has taken significant legal action against fake review brokers, filing its first criminal complaint in Italy and a civil suit in Spain, as well as initiating ten additional lawsuits in the U.S.. These actions target over 11,000 websites involved in orchestrating fake reviews. The criminal case in Italy focuses on a broker offering refunds for posting fake reviews, while the Spanish lawsuit targets Agencia Reviews, which deceives customers via Telegram. Amazon aims to protect customer trust and enhance shopping confidence through these legal measures.

Amazon Web Services (AWS) plans to launch a new Asia Pacific (Bangkok) Region in Thailand, featuring three Availability Zones, as part of over $5 billion investment over 15 years. This expansion aims to facilitate low-latency services for local businesses, governments, and nonprofits, enhancing Thailand's digital transformation. AWS's ongoing commitment includes previous investments such as 10 CloudFront edge locations since 2020. The initiative supports local innovation and economic growth while allowing customers to store data securely within Thailand.

Amazon Music has launched a new weekly livestream concert series, Amazon Music Live, hosted by 2 Chainz, debuting on October 27 after Thursday Night Football on Prime Video. The series will feature live performances from Lil Baby, Megan Thee Stallion, and Kane Brown, with additional artists expected to be announced throughout the season. Each event will be streamed live and available on-demand. This initiative aims to enhance the entertainment experience for sports and music fans alike, further integrating Amazon Music into live events.

Amazon.com (NASDAQ: AMZN) will host a conference call on October 27, 2022, at 2:30 p.m. PT to discuss its third quarter 2022 financial results. The call will be available via live webcast and will include audio and slides accessible for at least three months afterward. Investors can find additional details on Amazon's investor relations page.

Amazon has launched its Prime Early Access Sale, marking an early start to the holiday shopping season. This event saw over 8 million toys sold in the U.S. alone, with direct contributions from brands like LEGO and Squishmallows. Members purchased more than 100 million items from small and medium-sized businesses. Bestsellers included the Macbook Air M1 and Bose earbuds, while categories like Apparel and Home performed well globally. The sale is positioned as a precursor to ongoing holiday savings, with significant discounts expected from brands during the season.

Amazon Web Services (AWS) and BMW Group have announced a strategic partnership to develop customizable cloud software aimed at enhancing data management for connected vehicles. This collaboration will enable BMW to streamline the distribution of vehicle data and create advanced features for drivers. With an expected increase in data processing capabilities, the software will eventually be available to other automakers, promoting innovation in vehicle applications and improving efficiency in fleet management. This partnership signifies AWS's continued growth in the automotive sector.

Amazon Web Services (AWS) has launched the Trn1 instances, powered by AWS Trainium chips, designed for high-performance training of machine learning models. These instances promise up to 50% cost savings compared to traditional GPU instances while delivering the fastest training times on AWS. With features like 800 Gbps networking bandwidth and support for advanced data types, Trn1 aims to enhance efficiency for applications in natural language processing and more. Customers can deploy these instances without upfront fees, paying only for the compute used.

Amazon (NASDAQ: AMZN) is expanding its workforce by hiring 150,000 employees across the U.S. for full-time, seasonal, and part-time roles, with an average pay of over $19 per hour. The company is investing nearly $1 billion in additional pay over the next year, with sign-on bonuses of up to $3,000 in select locations. Positions vary from packing to sorting, and many seasonal employees may transition into full-time roles. Amazon aims to provide comprehensive benefits, including health insurance and career advancement opportunities.

Amazon has unveiled its Prime Early Access Sale scheduled for October 11-12, providing exclusive discounts for Prime members on thousands of products. Notable offers include 80% off select Fire TV smart TVs, 50% off JBL, Sony, and Bose audio products, and first-time 15% off Peloton Bikes. The event will showcase deals across various categories, including electronics, home goods, and toys, highlighting support for small and medium-sized businesses. Prime members will also receive 20% off Grubhub orders and promotional credits for gift card purchases.