e-commerce
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Tech
Jeff Bezos unloads over 3M Amazon shares worth $737M in June
Amazon founder and executive chair Jeff Bezos sold shares worth almost $737 million in the e-commerce giant in late June, according…
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Tech
Amazon shares slide on disappointing forecast, slowing cloud revenue
Amazon on Thursday reported first-quarter cloud revenue growth and forecast operating income below estimates, disappointing investors. Shares of the company fell…
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Tech
Amazon shares slide as weak revenue, AI spending rattle investors
Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and lower-than-expected forecasts for…
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Tech
Amazon cuts reference to diversity from annual report weeks after ending DEI
Amazon removed a reference to “inclusion and diversity” in its annual report filed Thursday, after it told employees in a December…
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Tech
Amazon to release long-delayed Alexa generative AI revamp
Amazon is set to release its long-awaited — and delayed — Alexa generative artificial intelligence voice service, said three people familiar…
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Tech
Amazon to end ‘Try Before You Buy’ option for Prime members
Amazon is saying goodbye to “Try Before You Buy.” The service, which allowed Amazon’s Prime members to try on select clothing…
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Tech
Amazon labor strike at multiple facilities continues with more workers to join
Amazon workers affiliated with the Teamsters union continued a strike Friday at seven of the company’s delivery hubs just days before Christmas.…
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Business
Shein sues Temu for copyright infringement in latest legal spat
Shein is suing fast-fashion rival Temu over claims the e-tailer stole confidential information to copy its designs – the same…
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Tech
Amazon shares plummet on weak revenue forecast
Amazon forecast current-quarter sales below estimates and said cautious retail consumers are seeking out cheaper options for purchases, sending shares down 5%. The after…
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Tech
How Etsy bet on NYC against fast fashion — and won
In an era of cheap, soulless fast fashion and drop-shipping, Brooklyn-based Etsy is doubling down on the idea that customers…
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