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Amazon signs contract with Quikjet for freighter operations in India; details here
According to Quikjet, it is committed towards the expansion of the air cargo network in India and the subcontinent
Amazon workers in UK to go on strike to demand better pay
Amazon said that the strike by its workers on 25 January would not impact customers as the centre handles stocks and not orders
Amazon to lay off more than 18,000 employees due to 'uncertain economy'
CEO Andy Jassy said the company's leadership was deeply aware that these role eliminations are difficult for people and the company don’t take these decisions lightly
Amazon is planning to launch a new app dedicated to streaming sports and other sports-based content
Amazon’s new app will not only live stream some of the most popular sports, but it will also feature a ton of other shows. Amazon has rights to stream some Premier League matches, and a few baseball tournaments and is trying to get for F1, FE and a few cricket league tournaments.
Amazon introduces Prime Air, begins drone delivery service in California and Texas
Amazon has started a pilot programme in two towns in the US, Lockeford CA, and College Station TX, of delivering packages through drones, called Prime Air. Prime Air users will receive their orders within 60 minutes of placing an order, as long as it is under 2.25 kilograms.
Amazon set to overhaul business practices as it strikes deal with EU to close probes into anti-competitive tactics
Amazon promised to give products from rival sellers equal visibility in the “buy box,” a premium piece of real estate on its website that leads to higher sales
Amazon to copy TikTok’s feature that allows users to shop for products from social feed of videos and photos
Amazon's social shopping feature called Inspire, came about when the e-commerce giant discovered that TikTok users were sharing a lot of content using the #Amazonfinds tag.
Elon Musk is set to get two of Twitter’s biggest advertisers back, weeks after multiple brands paused Twitter ads
Apple and Amazon will resume their ad spending on Twitter. Apple used to spend over $100 million a year before they paused their ad spends. Amazon will also spend $100 million over a year, once Twitter makes a few security tweaks to the company’s ads platform.
Ex Stream Benefits: From Tanaav to My Policeman to Khakee, revisiting the best on OTT in the month that was
With a few exceptions, November was another disappointing month on the streaming platform. The new season of The Crown, coming as it did right after the Queen’s death, was a major letdown. Looking at the ones that make the cut…
Closed businesses, layoffs, and more: What's the future for Amazon India?
With the closing of its distribution vertical, Amazon has decided to shut its third business in India in a week. Last week, the e-commerce company announced it would shelve the ed-tech platform Amazon Academy and the food delivery service Amazon Food in India
Amazon apparently plans to invest $1 billion in movies every year for theatrical releases
Amazon is preparing to produce 12-15 movies in a year. For 2023, the number of movies that Amazon will produce won’t be that high, but that is mainly because they want to test the waters and figure out how to go about things.
FTX saga and many implosions in US, especially in Big Tech
The US business community, and regulators, should consider FTX and Theranos to be canaries in the coalmine: there are useful lessons in their failures
Explained: A brief but dark history of Black Friday
The origin of Black Friday is shrouded in negativity. The phrase was used in 1869 after plummeting gold prices caused a market crash. More than 90 years later, the Philadelphia police used it to describe the shopping chaos that led to a traffic nightmare
Amazon’s Alexa team set to lose $10 billion this year, was the main driving force behind mass layoff
Amazon has not been able to monetise the "smart assistance" that Alexa provides. Because they sell the Echo devices at cost, they haven't been able to make money on them as well.
Jeff Bezos warns of economic recession, advises people to postpone large purchases
Bezos stated that the 'economy does not look good right now'
Amazon mass layoffs to extend into 2023, says CEO Andy Jassy
Seattle-based Amazon, which has been cutting costs in various areas of its business in the past few months, is undergoing an annual review process to figure out where it can save more money
Twitter, Meta, Amazon and more... Why are tech titans laying off employees?
Big names in the tech industry are letting go of employees in large numbers. These lay-offs are a combination of lower than expected earnings as well as consumers holding back spending due to the looming threat of a recession
Amazon plans on laying off over 10,000 employees, mainly engineers this week, as losses grow
Amazon will be laying off about 10,000 employees this week, mainly from the devices group, who were responsible for Alexa. The e-commerce giant has already asked several engineers to see if they can relocate to other verticals, failing which, they will be fired.
Apple and Amazon accused of colluding to artificially jack up iPhone, iPad prices, face lawsuit
The lawsuit alleges that Apple and Amazon teamed up to bring the number of third-party sellers of Apple products on Amazon Marketplace from roughly 600 to just seven sellers using anti-competitive methods.
TikTok takes on Amazon, plans to launch live shopping in the US with Amazon-like fulfilment centres
TikTok is planning to start a new e-commerce platform following Amazon’s footsteps, quite literally. They too are planning to start with books, just like Amazon did in the mid 1990s. ByteDance has already started hiring people in the US to start their operations.