Amazon (AMZN) investors closed off the week with the stock closing -0.53% the last 5 days, which means it sits at +13.26% YTD.
Here's this weeks news on Amazon - let's go through it together.
2. IROBOT HURDLES
3. ROBOTAXI TEST COMPLETE
4. OFFICE 3 DAYS A WEEK
5. NEW TEAM ELIMINATED
6. ALLOWED IN INDIA
7. GOING BIG ON PHYSICAL STORES
8. RINGCENTRAL PARTNERSHIP
9. #1 BRAND POWER
10. ANALYST CHANGES
LEGEND: Positive News | Neutral News | Negative News
Amazon has teamed up with Starz and MGM+ to offer a new streaming bundle for its Prime members, providing access to additional movies and TV shows.
The move is part of Amazon's efforts to expand its entertainment offerings and increase its subscriber base.
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iRobot's planned acquisition by Amazon has faced hurdles as the EU prepares for a regulatory probe. The probe is aimed at assessing the potential impact of the acquisition on competition and innovation in the market for smart home devices.
Amazon has completed a successful test of its robotaxi service (Zoox) with passengers on public roads, bringing it one step closer to realizing its goal of creating autonomous transportation.
The test demonstrates Amazon's commitment to developing innovative transportation solutions. This could potentially pose a threat to Uber and Tesla.
Amazon has asked its employees to return to the office at least three days a week starting in May. The move is aimed at increasing collaboration and productivity among employees, while also ensuring a safe and healthy work environment.
Amazon has eliminated its shopping user experience research team.
This team was responsible for analyzing customer behavior and preferences to inform Amazon's shopping experience. This was part of the massive 18,000+ layoff Amazon is undergoing.
Amazon has been approved as an online payment aggregator in India to use Amazon Pay.
This allows them to expand its presence in the country (and India is a massive market for them!). The move is aimed at strengthening Amazon's position in the Indian e-commerce market, which is expected to grow rapidly in the coming years.
Amazon is planning to open hundreds of new brick-and-mortar locations across the US, signaling the company's commitment to expanding its physical retail footprint.
The move is aimed at increasing convenience for customers and improving the overall shopping experience.
AWS has partnered with RingCentral (RC) to provide cloud communications services to its customers.
More specifically, AWS will offer RC's MVP and Contact Center solutions to its customers. RC is seen as a leader cloud PBX and CC provider, and this deal helps them gain marketshare over competitors. For AWS customers, it offers a compelling option for use with their existing AWS infrastructure.
9. #1 BRAND POWER
Amazon has maintained its position as the world's #1 brand for entertainment, according to a recent report by DigitalTurbine and Apptopia.
This puts Amazon ahead of other behemoths including Netflix, Hulu, and Disney+. Prime Video has been growing rapidly, and with their recent partnership with Starz and MGM+, it expands their offerings and strengthens the product even further.
10. ANALYST CHANGES
There were no changes to analyst ratings this week for Amazon.
We look forward to spending a few minutes with you next Sunday for some new Amazon news!
Disclosure: I am a Amazon.com (AMZN) shareholder at the time of publishing.