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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Oct. 12, 2011, 2:39 PM
    Google (GOOG) engineer Steve Yegge unintentionally posts a rant about Google+'s shortcomings for public viewing. Yegge blasts Google+ as "a knee-jerk reaction," and laments Google's failure to open up to developers. Yegge also has some unkind words for ex-employer Jeff Bezos, but praises his recognition of Amazon's (AMZN) need to open up. (previously)
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  • Oct. 11, 2011, 3:15 PM
    Much like Google Offers (GOOG - previously), Amazon's (AMZN) daily deals offering, known as AmazonLocal, is gaining momentum: Yipit believes AmazonLocal's sales grew 177% M/M in September, to reach $4M. However, this is still well below Groupon's (GRPN) $143.4M in September sales (+6%), and LivingSocial's $59.3M (+32%). (earlier)
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  • Oct. 11, 2011, 11:37 AM
    A subsidiary of Acacia Research (ACTG) is suing Amazon (AMZN), claiming the Kindle Fire infringes four of its patents. But Nomura's Richard Windsor believes the suit from Acacia, long considered a "patent troll" by its critics, is just proof the Fire is a big deal. Windsor expects the tablet to cause price and margin pressure for Samsung (SSNLF.PK) and Motorola (MMI).
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  • Oct. 11, 2011, 10:20 AM
    Microsoft (MSFT) is preparing to launch a daily deals offering under its Bing brand, with the help of startup Tippr. Google (GOOG) and Amazon (AMZN) kicked off their daily deals products over the summer (I, II), as the Internet's big names grow envious of Groupon (GRPN) and LivingSocial's rapid growth (though perhaps not their losses).
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  • Oct. 10, 2011, 2:05 PM
    Netflix's (NFLX -1.3%) selloff, occurring in spite of its Qwikster about-face, could have to do with fears the move was forced by growing churn. Also possibly playing a role is a downgrade by Wedbush, which thinks Netflix's actions kill the odds of an Amazon (AMZN) takeover. Though given Amazon's investments in Prime Video, it's worth asking whether a takeover was ever likely.
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  • Oct. 10, 2011, 11:21 AM
    Amazon (AMZN +3.1%) makes a strong showing in its online Most Wished For in Electronics list with Kindle products filling out the top ten before a Nikon camera and the new Apple TV finally make a non-Amazon appearance in the rankings. Though it's a homebrewed compilation, it still adds to a growing set of data (I, II) pointing to a holiday season that could be a blockbuster for AMZN.
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  • Oct. 10, 2011, 4:52 AM
    Yahoo (YHOO) has withdrawn from the auction to buy Hulu as it focuses on its own problems, the WSJ reports. Those still in the running comprise Dish (DISH), Amazon (AMZN) and Google (GOOG), with the latter offering over $2B. However, Hulu's owners still may decide not to sell.
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  • Oct. 9, 2011, 12:02 PM
    Figures showing Amazon's (AMZN) Kindle Fire on track to beat the iPad (AAPL) in first month sales might mean Apple's tablet has its first true competitor, writes Blake Snow. Price is the Fire's #1 strength, he says, but don't forget its content advantage, free cloud storage, an AppStore that combines the best of Apple and Android, and a smaller size making it easier to hold.
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  • Oct. 7, 2011, 6:15 PM
    The Economist's Greg Ip wonders if the passing of Steve Jobs is symbolic of "a broader decline in American entrepreneurship." U.S. self-esteem is now embodied by Apple, Google, Facebook and Amazon, which employ just 113K, a third of GM’s payroll in 1980. The loss of middle-class jobs isn't a U.S.-only problem, but "this does not excuse American governance for making matters worse."
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  • Oct. 7, 2011, 3:13 PM
    IHS estimates U.S. sales of DVD and Blu-Ray titles fell 14% in 1H '11, to $3.96B. Though hopeful 2H sales will be better, the slow adoption of Blu-Ray is proving a handicap for studios such as DIS, TWX, LGF, and MGM, and increasing the appeal of online distributors such as NFLX and AMZN as a way to monetize content.
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  • Oct. 7, 2011, 1:31 PM
    Amidst the outpouring of emotion following Steve Jobs' death has come some debate over which tech CEO, if any, might be Jobs' heir as a visionary and showman. Jeff Bercovici makes the case for Mark Zuckerberg, citing a list of similarities. Mat Honan argues that, after last week's Kindle Fire presentation, Jeff Bezos fits the bill. (more)
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  • Oct. 6, 2011, 2:19 PM
    Having resigned itself last week to collecting sales taxes in California by 2013, Amazon (AMZN) has now agreed to a deal to begin collecting them in Tennessee in 2014. Amazon also says it will invest $350M in Tennessee, building two new distribution centers in the state along the way.
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  • Oct. 5, 2011, 11:54 AM
    India is set to unveil the Aakash, a tablet computer that will be sold to students in that country at the subsidized price of $35. While possibly making a difference in rural education in India, the tablet is not likely to have appeal beyond that. "The thing with cheap tablets is most of them turn out to be unusable," says a tech reviewer.
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  • Oct. 5, 2011, 9:00 AM
    Amazon's (AMZN) web services business continues growing by leaps and bounds. The latest evidence: the number of objects stored by Amazon's S3 storage service more than doubled from Q4 2010 to Q3 2011, to 566B. Both Cowen and J.P. Morgan have aggressive long-term targets for Amazon's broader web services sales. (also)
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  • Oct. 3, 2011, 5:04 PM
    Research firm eDataSource estimates Amazon (AMZN) took in 95K Kindle Fire pre-orders during its first day of availability, even though the device won't be released until Nov. 15. This compares with over 300K pre-orders for the original iPad (AAPL) on its first day of availability.
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  • Oct. 3, 2011, 10:47 AM
    Amazon (AMZN +0.7%) outperforms a little after Stifel's Jordan Rohan upgrades shares to Buy. Rohan expects a weak economic environment to boost Amazon's market share gains, given its position as a cost leader. He also thinks Amazon's lofty valuation can be justified by the sustainability of its growth.
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Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.