Amazon Echo getting kid-friendly update; investors circle Amazon sellers

Apr. 25, 2018 11:18 AM ETAmazon.com, Inc. (AMZN)AMZNBy: Brandy Betz, SA News Editor8 Comments
  • Amazon (NASDAQ:AMZN) Echos will receive a free update on May 9 that allows for a FreeTime setting that gears the smart speaker towards children.
  • The update locks some functions (like online ordering), adds new child-friendly controls, and adds rewards for politeness.
  • Parents can control the settings through the Alexa app and have the final word on what skills are allowed on the device. Transactional skills like ordering pizzas are automatically banned.
  • Parents can also set a “bedtime” for the device so that Alexa won’t respond after a certain time of day.
  • In other Amazon news, The Information reports that private equity firms and other investors are “circling” small businesses that successfully sell on Amazon’s platform.
  • Brokers say investors could buy up and combine attractive businesses with a focus on top sellers achieving at least $500K in annual sales.
  • Last week, Amazon said private sellers accounted for over half of Amazon.com sales in 2017, the first time for that seller shift.
  • Amazon shares are up 0.3%.
  • Previously: Why Amazon's considering home shopping buy; health partnership selecting CEO (April 24)

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