Amazon Com Stock Price, News & Analysis

Amazon (AMZN) has announced the creation of three new operations facilities in Alabama, including a fulfillment center in Huntsville and a delivery station in Birmingham. This expansion will create over 500 full-time jobs and 1,800 seasonal positions ahead of the holiday season. The company has invested more than $1 billion in the state, providing a minimum wage of $15 per hour and comprehensive benefits. The new sites aim to enhance service capacity and leverage innovative technologies for efficiency.

Amazon has opened a new sortation center in Maple Grove, Minnesota, enhancing delivery services for the Northern Twin Cities Metro Area. The facility will employ over 1,000 workers, promoting local job growth and community engagement. Initially operational since October 27, it aims to increase the speed of package delivery. New hires can earn over $18 per hour, with signing bonuses of $3,000 and extensive benefits. Amazon's investment in Minnesota exceeded $3 billion between 2010 and 2020, creating an additional $3 billion in GDP and supporting thousands of indirect jobs.

Amazon (NASDAQ: AMZN) and Weber Inc. (NYSE: WEBR) have filed a lawsuit against 12 defendants for selling counterfeit Weber products on Amazon's platform. The lawsuit, filed in the United States District Court for the Western District of Washington, claims defendants misled customers about product authenticity. Amazon has closed the defendants' accounts and refunded affected customers. Amazon has invested over $700 million in anti-counterfeiting measures, employing more than 10,000 staff to protect its marketplace.

Amazon Music announces its largest holiday programming season with original songs from popular artists like Camila Cabello and Norah Jones. Listeners can enjoy exclusive tracks, including holiday classics and new releases. Additionally, customers can access three months of Amazon Music Unlimited for free, featuring over 75 million songs and countless podcast episodes. Amazon highlights a surge in holiday music streaming, surpassing 750 million streams over the last three years. The platform also introduces themed playlists and exclusive merchandise collections, enhancing the holiday experience.

Audible and Sesame Workshop announce the return of The Sesame Street Podcast with Foley & Friends, launching its second season on January 27, 2022, featuring 15 new episodes filled with music, games, and guest appearances by beloved characters like Elmo. A Spanish-language version of Season One will also be available on the same day. The partnership aims to enhance educational audio content for families, with plans for a third season in the future. Audible continues its commitment to original kids programming through this delightful and engaging podcast for preschoolers.

Amazon.com, Inc. (NASDAQ: AMZN) reported Q3 financial results, revealing a 15% increase in net sales to $110.8 billion, but a decline in operating income to $4.9 billion from $6.2 billion year-over-year. Operating cash flow decreased 1% to $54.7 billion, while free cash flow fell significantly to $2.6 billion from $29.5 billion in the previous year. Net income also dropped to $3.2 billion, or $6.12 per diluted share, down from $6.3 billion. The company anticipates incurring additional costs in Q4 due to labor shortages and increased supply chain expenses.

Data Vault Holdings has appointed Ed Cushing, Global Account Manager at Amazon Web Services, as the first member of its new advisory board. Cushing is expected to provide strategic guidance to enhance the company's data monetization platform. Executive Chairman Alfred Blair Blaikie III emphasized Cushing's extensive experience in the tech industry and corporate strategy, which will support the company's growth objectives. Data Vault Holdings aims to attract additional advisory members to further innovate its business strategies targeting enterprise-scale data monetization.

Amazon's eero for Service Providers has reported over 75% year-over-year growth from September 2020 to September 2021. The company has established partnerships with major ISPs including TalkTalk, MasMovil, and Mediacom. New features in eero Insight enhance network management and troubleshooting with fleet analytics, network analysis, APIs, and security capabilities. eero's ISP segment now accounts for one-third of its overall business, reflecting strong demand for reliable home wifi solutions globally.