Amazon Com Stock Price, News & Analysis

Mindy Kaling has partnered with Amazon Publishing and Amazon Studios to launch Mindy's Book Studio, a boutique publishing initiative focused on diverse voices. Starting in late 2022, the studio will publish various genres, including romantic comedies and suspenseful dramas featuring strong female leads. Additionally, Amazon Studios will adapt these works into feature films for Prime Video, with Kaling holding the first-producer option. Kaling's debut novel and a new essay collection are also set for publication through Amazon Publishing in the coming years.

Capital Square 1031 announced the acquisition of a 2,690,000-square-foot distribution facility in Bondurant, Iowa, under a long-term lease to Amazon.com (AMZN). This investment, valued at $52.2 million, is part of a DST offering aimed at accredited investors seeking tax advantages through Section 1031 exchanges. The facility, designed with advanced technology, can process nearly one million packages daily. Amazon's investment-grade credit rating of AA enhances the offering’s appeal, presenting both significant tax efficiency and exceptional economics for investors.

Amazon Music has announced BRELAND as its next Breakthrough Artist, recognizing his innovative blend of hip-hop and country. He will benefit from a global campaign featuring enhanced playlist visibility, marketing opportunities, and an Amazon Original song. The Breakthrough program also introduced the Breakthrough Development Fund to support independent artists financially, assisting with costs like hiring PR teams and funding tours. Since 2022, this initiative has already backed artists like Lauren Spencer-Smith and Muni Long, showcasing Amazon's commitment to nurturing new talent.

Amazon continues to build anticipation for its upcoming series The Lord of the Rings: The Rings of Power, releasing its first teaser during Super Bowl LVI on February 13. This series is set to premiere on September 2, showcasing the fabled Second Age of Middle-earth. The teaser generated an estimated 1 billion impressions within 24 hours, marking a significant milestone for Amazon’s marketing campaign. New episodes will be available weekly in over 240 countries, featuring elaborate storytelling and a diverse cast.

Amazon Games, in partnership with Smilegate RPG, has launched the free-to-play MMORPG Lost Ark on PC via Steam. Players embark on adventures in the world of Arkesia, featuring 15 hero classes and extensive customization options. The game includes various end-game content, from dungeons to PvP modes. With millions of players in Korea, Russia, and Japan, Lost Ark aims to attract a global audience by offering content in multiple languages. The game is available for download now, with starter packs available for purchase on Steam and Amazon.

Amazon.com, Inc. (NASDAQ: AMZN) reported Q4 2021 results showing a 9% increase in net sales to $137.4 billion, despite a decrease in operating income to $3.5 billion. Net income surged to $14.3 billion, influenced by an $11.8 billion gain from Rivian Automotive's IPO. Operating cash flow dropped by 30% to $46.3 billion, and free cash flow fell to a $9.1 billion outflow. Full-year net sales rose 22% to $469.8 billion, and operating income increased to $24.9 billion. Amazon plans to raise Prime membership fees due to rising costs and significant expansions in services.

Amazon Original Stories announces the release of Trayvon: Ten Years Later, an essay by Sybrina Fulton, mother of Trayvon Martin. The essay reflects on her loss, the ongoing fight for social change, and the lessons learned over a decade. Fulton emphasizes the importance of community safety, love, and equity, encouraging readers to initiate positive transformations. The essay is available at no extra cost for Prime and Kindle Unlimited members. This release positions Amazon as a promoter of significant social narratives, highlighting its commitment to impactful storytelling.

Amazon.com (NASDAQ: AMZN) will host a conference call on February 3, 2022, at 2:30 p.m. PT to discuss its Q4 2021 financial results. The call will be streamed live, with audio and presentation slides available for three months following the event on www.amazon.com/ir.

Mogo Inc. (NASDAQ:MOGO) has appointed Allan Smith as its first Chief People Officer. Smith, with 15 years of experience in human resources, previously worked at SoFi (NASDAQ:SOFI) and Amazon (NASDAQ:AMZN). His expertise is expected to enhance Mogo's talent retention and organizational growth. CEO David Feller expressed optimism about Smith's leadership capabilities in scaling their fintech operations. Mogo serves nearly 1.8 million members with various digital financial solutions, including a prepaid card and cryptocurrency trading services.