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Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 25日前
Amazon Q4 Upbeat, Sees Sales Growth In Q1; But Stock Down

Amazon Q4 Upbeat, Sees Sales Growth In Q1; But Stock Down

Shares of Amazon.com Inc. declined around 4 percent in the extended trading on Thursday and are currently down around 3 percent in the pre-market activity on the Nasdaq, after the tech major projected slower sales growth in the first quarter than the fourth quarter, with a significant unfavorable foreign exchange imapct. This was despite reporting higher earnings, above the Street estimates...
RTTNews | 80日前
Amazon's AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure

Amazon's AWS To Invest At Least $11 Bln In Georgia For Cloud, AI Infrastructure

Amazon Web Services or AWS, affiliated to tech major Amazon.com Inc., announced its plan to invest at least $11 billion in the U.S. state of Georgia, aiming to expand infrastructure to support cloud computing and artificial intelligence technologies. The landmark investment in Butts and Douglas counties, which is expected to create at least 550 new high-skilled jobs, would enhance Georgia's...
RTTNews | 110日前
Amazon To Expand Same-Day Prescription Deliveries To 20 More US Cities

Amazon To Expand Same-Day Prescription Deliveries To 20 More US Cities

Amazon revealed its plan to expand same-day delivery of medications to nearly half the US in 2025 by opening new pharmacies. Amazon Pharmacy, a digital-first pharmacy, will offer fast, free delivery of prescription medications in 20 more U.S. cities next year, more than doubling the number of cities, where customers can get Same-Day Delivery of their medications.
RTTNews | 200日前
Amazon's Prime Big Deal Days Starting Oct. 8

Amazon's Prime Big Deal Days Starting Oct. 8

Amazon has unveiled deep discounts and millions of early holiday deals worldwide from top categories for Prime Members during Prime Big Deal Days, ahead of the upcoming holiday season. Starting October 8, the e-commerce giant is offering some of its lowest prices of the year so far on select products in various categories of electronics, home, toys, beauty, and apparel.
RTTNews | 207日前
Amazon Offers Wage Hike, Free Prime Membership To Hourly Workers

Amazon Offers Wage Hike, Free Prime Membership To Hourly Workers

Amazon announced an increase in wages for its hourly warehouse workers along with other benefits, including a Prime subscription at no extra cost. Udit Madan, vice president, Amazon Worldwide Operations said the average total compensation package for hourly front-line employees across fulfillment and transportation network in the US would now be over $29 per hour.
RTTNews | 221日前
Amazon Asks Employees To Return To Office 5 Days A Week

Amazon Asks Employees To Return To Office 5 Days A Week

Online retail giant Amazon.com Inc. is asking its employees to return to office five days a week, starting January 2025, according to CEO Andy Jassy. In a statement, which was also shared with Amazon employees, he presented a couple of changes to further strengthen the company's culture and teams. Amid the ongoing spread of coronavirus in 2020, Amazon as well as majority of tech companies...
RTTNews | 223日前
Amazon To Invest GBP 8 Bln In UK To Expand AWS Data Centers

Amazon To Invest GBP 8 Bln In UK To Expand AWS Data Centers

Amazon Web Services or AWS, the cloud computing division of e-commerce giant Amazon.com Inc., announced plans to invest 8 billion pounds or around $10.45 billion over the next five years, to build, operate and maintain data centers in the U.K. The move is estimated to contribute 14 billion pounds to the UK's total Gross Domestic Product or GDP over the next five years through to 2028.
RTTNews | 229日前