Amazon Q1 results buck expectations with huge profits, optimistic outlook; Prime membership fees hiked in US
Revenue from third-party sellers paying to promote their products on Amazon.com was an unusually large bright spot during the quarter.
Amazon said it would build a $5 billion second headquarters in North America, kicking off a competition between cities and states to offer incentives.
Amazon is exploring a technology first developed for the US military to produce tasty prepared meals that do not need refrigeration.
Amazon.com Inc is ramping up the billions of dollars a year it spends on creating and licensing TV shows and films, signalling the retailer long term plans.
Amazon has said previously that it has no plans to automate the jobs of Whole Foods cashiers and plans no job cuts.
Some employees of the Whole Foods market expressed fears ranging from layoffs to the loss of their laid-back corporate culture after the merger with Amazon.
Amazon and Whole Foods expect to close the deal during the second half of 2017.