Amazon’s chief Jeff Bezos. Picture: Amazon Inc. edited by Berg Moe.
It has been a fascinating week for Amazon and I have to say I admire this company and management. There is also a frustration related to the fact that I think it will take a while until we will see this company rolling out in Norway. The more or less monopolistic situation we have here should be challenged. That’s why I decided to collect some of latest news just so give a sense of all the stuff that is boiling right now.
Wall Street giveth and Wall Street taketh, but Amazon’s founder is playing the long game. Hours before Amazon’s second-quarter earnings call came word that Jeff Bezos had surpassed Bill Gates as the richest person in the world. On Thursday Amazon’s stock slipped, in response to the company’s second-quarter earnings miss, and Bezos lost his top spot.
Just because Amazon will own Whole Foods, don’t expect it to stop experimenting with its own cashier-less grocery stores and other grocery sales and delivery offerings.
Amazon’s range of smart speakers and their artificial intelligence assistant Alexa have proved to be a huge sale hit. But the product is still a shadow of what the man in charge – Dave Limp – and indeed their owners, hope it will become.
Amazon.com Inc’s Prime Now quick delivery service in Singapore, which launched on Thursday and kicked off its push into Southeast Asia, has been overwhelmed by demand, preventing it from taking on fresh orders.
Amazon has revealed a new delivery locker designed for apartment blocks and other housing complexes that may not have mailroom services to securely process packages.
Earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets on Friday, with Asian stocks retreating from recent highs and European tech shares opening sharply lower.