New York (CNN Business)Amazon destroyed more than 2 million suspected counterfeit products that third-party sellers sent to its fulfillment centers last year as part of a crackdown on counterfeit merchandise on its website. The numbers were released Monday in Amazon’s
Amazon is postponing its annual Prime Day event in India and Canada because of the countries’ worsening wave of Covid-19 cases. The company confirmed to CNBC that it’s pausing the two-day discount event in both countries, but didn’t offer a rescheduled
Amazon CEO Jeff Bezos this week sold nearly $2 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos sold roughly $684 million worth of Amazon shares on Tuesday, the filings show,
Deep in the risk factors section of its quarterly report, Amazonchanged one word in describing the importance of its founder and CEO. “We depend on our senior management and other key personnel, including Jeffrey P. Bezos, our founder, President, CEO,
Amazon shares climbed more than 3% in extended trading Thursday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue. Here’s how the e-commerce giant fared, relative to analyst estimates compiled by Refinitiv: Earnings: $15.79 per share vs. $9.54
Shares of Dish Network closed up nearly 11% on Wednesday, reaching prices not seen since mid-2019, after the satellite TV company announced a partnership with Amazon Web Services to deploy a 5G network on the cloud provider’s infrastructure. Dish, in addition to distributing video,
Amazon is expanding its palm-scanning payment system to a Whole Foods store in Seattle, the company announced Wednesday, the first of many planned rollouts at other locations. Amazon One, which debuted in September and is currently in use at about a
India’s new rules for social media is a sign that New Delhi is hardening its stance toward Big Tech, experts told CNBC. Internet giants like Facebook, Amazon and Google — collectively known as Big Tech — have accrued billions of users on their digital platforms globally.
In his final letter to shareholders, Amazon CEO Jeff Bezos on Thursday laid out a broad vision for the future of the company, committing to extend Amazon’s famous obsession over its customers to the same level of care for its employees. Bezos
Amazon said Wednesday it will examine how it conducts employee performance reviews, a process that has faced allegations of racial bias, as part of its 2021 diversity, equity and inclusion goals. In a memo sent to employees and posted on the company’s