Amazon.com Inc is among the suitors for the health service provider Signify Health Inc, as reported yesterday by “The Wall Street Journal” citing sources who have received relevant information. Signify Health is being sold in an auction that could raise its value to well over $8 million, according to the same newspaper. Neither Amazon nor […]
Tag: Amazon
Amazon levies extra commission on merchants for the holiday season at the mercy of inflation
In yet another effort to combat rising inflationary pressures, Amazon plans to increase during the holiday season the commissions it charges merchants who sell their products through its platform, passing on some of the increased costs to them. Specifically, starting October 15 and ending January 14, merchants using the Fulfillment by Amazon (FBA) platform will […]
Amazon: Acquires iRobot for $1.7 billion
Amazon.com is acquiring iRobot, maker of the Roomba automatic vacuum cleaner, for about $1.7 billion, as it seeks to expand its “basket” of smart home appliances. Amazon will pay $61 per share, valuing the maker at a 22% premium to the stock’s last closing price of $49.99. After the acquisition announcement, iRobot’s stock rallied about […]
Amazon: Revenue beat expectations in the quarter – Shares rally 12%
Amazon reported second-quarter revenue that far beat market estimates, while also giving an extremely upbeat outlook and seeing its stock rally strongly in e-commerce. In particular, the global e-commerce giant announced that its revenue reached $121.23 billion, up 7% year-on-year, against an estimate of $119.09 billion according to Refinitiv. In the same context, it forecast […]
Amazon acquires primary care organization One Medical for $3.9 billion
Amazon said Thursday it has signed an agreement to acquire One Medical, a primary care organization operated by 1Life Healthcare Inc, for $18 per share in cash, or $3.9 billion including debt. “We think healthcare is high on the list of experiences that need reinvention,” said Neil Lindsay, senior vice president of Amazon Health Services. […]
Why tycoon Arturo Moreno is buying Amazon, AT&T and JP Morgan
By John Hyatt Baseball magnate Arturo Moreno first bought shares in Alphabet and Amazon six years ago after his daughter “convinced” him to invest in the two tech giants. With share prices falling in recent weeks, Moreno saw a buying opportunity. So, in May, he bought an additional 3,000 shares of Alphabet, increasing his stake […]
The richest billionaires lost 1.4 trillion. dollars in the worst half of all time
Elon Musk’s fortune slipped by almost $62 billion. At the same time, Jeff Bezos lost about $63 billion in his fortune, while Mark Zuckerberg lost more than half of his fortune, according to Bloomberg. In total, the 500 richest people in the world lost 1.4 trillion. dollars in the first half of 2022, marking a […]
These 10 shares of the S&P 500 ‘burned’ 4.1 trillion. investment money in the first half of 2022
The first half of 2022 ends today and investors say goodbye to it with relief, as they are not expected to miss it: during it, the S&P 500 index fell by 21.4%. But which of his shares suffered the heaviest losses, along with those that held them in their portfolio? The following are the 10 […]
Amazon: The head of consumer activities resigns after 23 years
Dave Clark has announced his resignation from the position of Amazon Consumer Worldwide. His resignation will take effect on July 1, with him leaving Amazon after 23 years with the Group. According to CNBC, Clark is considered one of the closest associates of the CEO of the retail giant, Andy Jassi. Following the announcement of […]
” Dive ” $ 124. billion for the fortunes of Elon Musk and Jeff Bezos this year
When Tesla CEO Elon Musk surpassed Amazon founder Jeff Bezos to become the world’s richest man for the first time last September, Musk told Forbes that he would “send a giant ‘2’ statue to Bezos, along with a silver medal “. Almost eight months later, neither man is in the mood for jokes. The fall […]