Amazon launches smart soap dispenser with timer to make sure you wash for 20 seconds

Amazon recently launched a smart soap dispenser that helps you make sure you’re washing your hands right. The $54.99 soap dispenser has lights on the top that slowly count down 20 seconds, so you know if you’ve washed your hands for the CDC-recommended minimum amount of time. It also works with Amazon Echo devices, which… Continue reading Amazon launches smart soap dispenser with timer to make sure you wash for 20 seconds

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Amazon plunge drags down eBay, Etsy and Wayfair as investors fret over slowing growth

E-commerce stocks sank Friday after Amazon, the largest U.S. e-retailer, reported disappointing results and gave a weaker-than-expected outlook for the third quarter. Wayfair and Etsy dropped almost 8%, while eBay fell 7%. Amazon had its worst day on the market in more than a year, falling 7.6% and wiping out about $75 billion in market… Continue reading Amazon plunge drags down eBay, Etsy and Wayfair as investors fret over slowing growth

Amazon on pace for worst day since March 2020 after earnings disappoint

Shares of Amazon dipped more than 7% in early trading Friday after the company on Thursday reported disappointing second-quarter results and gave weak guidance for the current quarter, suggesting recent pandemic-fueled momentum is slowing. The stock is on pace for its worst day since March 12, 2020, when it plunged 7.92%. Amazon warned it expects… Continue reading Amazon on pace for worst day since March 2020 after earnings disappoint

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Amazon hit with $887 million fine by EU privacy watchdog

LONDON — Amazon has been issued with a fine of 746 million euros ($887 million) by the European Union for breaching the bloc’s data protection laws. The fine, disclosed by Amazon on Friday in a securities filing, was issued two weeks ago by Luxembourg’s privacy regulator. The Luxembourg National Commission for Data Protection said Amazon’s… Continue reading Amazon hit with $887 million fine by EU privacy watchdog

Amazon asked Apple to remove an app that spots fake reviews, and Apple agreed

Apple has removed Fakespot, a well-known app for detecting fake product reviews, from its App Store after Amazon complained the app provided misleading information and potential security risks. Fakespot’s app works by analyzing the credibility of an Amazon listing’s reviews and gives it a grade of A through F. It then provides shoppers with recommendations… Continue reading Amazon asked Apple to remove an app that spots fake reviews, and Apple agreed

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There’s a gold rush to acquire successful Amazon sellers

Start-ups are raising hundreds of millions of dollars to acquire the top independent sellers on the Amazon Marketplace, creating a gold rush to “roll up” these mostly small businesses into larger entities that have better resources and can pour money into growth. Competition to acquire these Amazon sellers has gotten so fierce that one player,… Continue reading There’s a gold rush to acquire successful Amazon sellers

Pentagon Scraps $10 Billion Contract With Microsoft, Bitterly Contested By Amazon

The Defense Department is scrapping its $10-billion cloud-computing contract with Microsoft, which has been mired in a legal battle with Amazon. The Pentagon’s announcement on Tuesday ends what has been a complicated and highly politicized saga of one of the most lucrative military tech contracts in U.S. history. Amazon has been litigating the contract —… Continue reading Pentagon Scraps $10 Billion Contract With Microsoft, Bitterly Contested By Amazon

Amazon gets a new leader today, but the company won’t change much

Ann Hiatt remembers Jeff Bezos didn’t like to sit down for long. As the Amazon CEO’s executive assistant from 2002 to 2005, Hiatt was charged with keeping track of Bezos’ whereabouts. At that time, the fast-growing internet retailer had moved into an Art Deco-style building that was once the site of a U.S. Marine hospital.… Continue reading Amazon gets a new leader today, but the company won’t change much

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Amazon plans to build delivery robot tech in Finland

Amazon announced Thursday that it plans to develop new technology for its autonomous delivery vehicles in Helsinki, Finland. The Seattle-headquartered tech giant said in a blog post that it is setting up a new “Development Center” to support Amazon Scout, which is a fully electric autonomous delivery robot that is being tested in four U.S.… Continue reading Amazon plans to build delivery robot tech in Finland

Google, Amazon accuse lawmakers of harming small businesses as Big Tech antitrust bills move through Congress

Tech giants that could be broken up under a series of new antitrust bills are speaking out against the measures as lawmakers are set to debate them on Wednesday. Amazon and Google both released statements on Tuesday opposing the bills. Apple and Facebook, which were also targets of the House Judiciary Committee’s investigation into digital… Continue reading Google, Amazon accuse lawmakers of harming small businesses as Big Tech antitrust bills move through Congress