Andy Jassy rewarded over $200 million in stocks for Amazon CEO role

Andy Jassy rewarded over $200 million in stocks for Amazon CEO role

By Anna Domanska - Jul 05, 2021

Amazon’s stock ended the week priced at $3,510.98, valuing Andy Jassy’s stock award at just over $214 million. Amazon’s current market valuation stands at $1,77 trillion.

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UK watchdog whacks Amazon with probe for unfair data collection practices

UK watchdog whacks Amazon with probe for unfair data collection practices

By Christy Gren - Jun 11, 2021

The Competition and Markets Authority will focus on whether Amazon, Inc. favors merchants that use its delivery services.

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Small business groups form coalition to lobby for strong antitrust laws

Small business groups form coalition to lobby for strong antitrust laws

By Anna Domanska - Apr 08, 2021

Small merchant groups are coming together to rally for strong antitrust laws to prevent big conglomerates like Amazon from swallowing up the smaller traders and businesses. Trade g

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Microsoft wins $22 billion contract for HoloLens headsets from US Army

Microsoft wins $22 billion contract for HoloLens headsets from US Army

By Anna Domanska - Apr 01, 2021

Microsoft has been given a $22 billion contract by the U.S. Army to supply its augmented reality headsets for the troops. The Integrated Visual Augmentation System (IVAS) headsets

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Amazon to invest in natural gas trucks to lessen carbon emissions

Amazon to invest in natural gas trucks to lessen carbon emissions

By Anna Domanska - Feb 08, 2021

The company has witnessed a boom in business in the last year with a 38 percent increase in sales. Amazon plans to operate a carbon-neutral business by 2040. The engines in the EV

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Amazon loses bid to delay union forming move at Alabama facility

Amazon loses bid to delay union forming move at Alabama facility

By Anna Domanska - Feb 07, 2021

The National Labor Relations Board (NLRB) of the US has rejected Amazon’s request to postpone a union vote at one of its warehouses in Alabama, giving an opportunity to nearl

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Amazon to host pop-up vaccination clinic in Seattle HQ

Amazon to host pop-up vaccination clinic in Seattle HQ

By Anna Domanska - Jan 23, 2021

Amazon Inc. plans to set up a pop-up clinic at its Seattle headquarters on January 24 to help vaccinate 2,000 eligible members of the public against COVID-19. The announcement was

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Amazon opens two new logistics centers in Italy

Amazon opens two new logistics centers in Italy

By Anna Domanska - Jan 18, 2021

Amazon will open two new logistics centers in Italy this year, investing over $278 million (230 million euros), the world’s largest online retailer announced on Monday. For the w

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Amazon’s advertising business booms in pandemic

Amazon’s advertising business booms in pandemic

By Christy Gren - Dec 30, 2020

The advertising section of Amazon is gaining more popularity than retail sector, cloud computing and Amazon Prime Subscriptions.

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