It turns out e-commerce giant Amazon’s cloud computing business, in the third quarter of this year, has got revenue up to $9 billion. Thus, it continues the growth momentum in recent years. Also Read: Amazon Sues Its Former sales executive of Amazon Cloud Services The financial report shows that Amazon’s cloud computing business (AWS) revenue …
Amazon’s cloud computing business continues growing Read More »
Amazon announces its third quarter earnings report as of September 30, 2019. The financial report shows that Amazon’s third-quarter revenue was $70 billion. A 24% increase from the $56.6 billion in the third quarter of 2018. Net profit was $2.1 billion, down 26% from $2.9 billion in the same period last year. After earnings per share …
Amazon’s Market Value Evaporates 80 Billion, Bezos: Continue to Burn Money Read More »
Amazon acquired Whole Foods, since then, many people went to Amazon to buy groceries. But Amazon has a big problem now: more and more fakes and unsafe goods. The same problem exists with groceries, such as Amazon actually sells expired food. Amazon customers say that from baby milk powder to coffee creamer, from beef jerky to oatmeal, …
Amazon Acquires Whole Foods, Fakes and Expired Foods Become a Problem Read More »
According to Reuters, Amazon announced on Thursday that they plan to provide help phone calls for users searching for the word ‘suicide’ on their website. Previous research by the company showed that users can search for lassos and other items that could cause personal injury. Also Read: Amazon “Destroyed” US Retail Industry Last week, when …
Amazon Plans to Help Users Who Search for ‘Suicide’ Read More »
Today, we learned Amazon is suing Philip Moyer, the former sales executive of Amazon Cloud Services (AWS), after he suddenly jumped to AWS’s competitor Google Cloud Computing, violating the non-competition clause in the contract. Moyer has served as a CEO in the past and has served as a manager for Microsoft for a long time. …
Amazon Sues Its Former sales executive of Amazon Cloud Services Read More »
On Wednesday night, a few hours after the stock market closed, Amazon founder and CEO Jeff Bezos submitted a document to the Securities Exchange Commission. It shows that he sold Amazon stock worth $1.8 billion in the last three days of July. After the tax, he will earn a net profit of about $1.4 billion. …
Jeff Bezos Sold Amazon stock Worth $1.8 Billion in the Last Three Days of July Read More »
According to overseas media reports, US Treasury Secretary Steven Mnuchin shelled Amazon on Wednesday. According to him the e-commerce giant has “ruined the country’s retail sector.” Mnuchin stated he’s anticipating hearing the Ministry of Justice investing Amazon. The Justice Department also declare a comprehensive investigation into whether big US tech businesses are engage in anti-competitive …
