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☆ Amazon’s space dreams deserve to be grounded
▼ + stars: | 2023-12-01 | by ( Robert Cyran | ) www.reuters.com time to read: +4 min

Founder, Chairman, CEO and President of Amazon Jeff Bezos unveils his space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne - RC153E11B8F0 Acquire Licensing RightsNEW YORK, Oct 16 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) Project Kuiper is a misguided technological marvel. A recent U.S. government report warned that space junk from currently planned networks could start regularly falling back to Earth by 2035. Facing an uncertain payoff and the possibility that its efforts will burn up on reentry, Amazon’s best move is bowing out of a futile space race. The $1.3 trillion technology company plans to eventually launch over 3,200 satellites into low-earth orbit to provide high-speed internet globally.

Persons: Amazon Jeff Bezos, Clodagh, Jeff Bezos, SpaceX’s, Andy Jassy, Bill Gates, SpaceX honcho Elon Musk, OneWeb, Jonathan Guilford, Sharon Lam, Aditya Sriwatsav Organizations: Amazon, REUTERS, Reuters, SpaceX, Reuters Graphics Reuters, Kuiper, Eutelsat Communications, Origin, Thomson Locations: Washington , U.S, Bezos, China

☆ EU watchdogs muck up Amazon’s messy iRobot cleanup
▼ + stars: | 2023-11-28 | by ( Jonathan Guilford | ) www.reuters.com time to read: +4 min

The concerns speak to ongoing worries over Amazon’s market clout – but if the deal collapses, it’s iRobot shareholders who will suffer more downward suction. The Commission, which is reviewing the deal alongside British and American merger cops, on Monday published its objections. If Amazon is thwarted, investors expect iRobot shares to fall to between $5 and $15. CONTEXT NEWSThe European Commission on Nov. 27 issued a statement of objections regarding Amazon.com’s proposed $1.4 billion acquisition of robot vacuum maker iRobot. iRobot shares fell more than 18% to close at $34.35 on Nov. 27.

Persons: Andrew Kelly, it’s, Carlyle, Amazon.com’s, Peter Thal Larsen, Aditya Sriwatsav Organizations: REUTERS, Reuters, iRobot, European Commission, British, EU, Amazon, Investors, Commission, Thomson Locations: Staten Island , New York City, U.S, American, Europe, United States, Seattle, iRobot

☆ Paramount summits a precarious streaming peak
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNEW YORK, Nov 3 (Reuters Breakingviews) - Paramount Global (PARA.O) says it’s reached the peak of its pain from investing in costly streaming. Crucially, boss Bob Bakish indicated that investment in streaming has topped out ahead of schedule, helping to send shares up 10%. Turning around streaming losses is existential for old-guard media empires navigating the slow dwindling of cable and broadcast. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Dado Ruvic, it’s, Bob Bakish, Bakish, Walt Disney, Disney’s, Nielsen, Bakish’s, Jennifer Saba, Aston Martin, Jonathan Guilford, Aditya Sriwatsav Organizations: REUTERS, Reuters, Paramount, Yellowstone, Netflix, YouTube, Disney’s Hulu, Macquarie, Pfizer, Thomson

☆ Amazon's grey cloud is the new blue sky
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake Acquire Licensing RightsNEW YORK, Oct 26 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) cloud business is offering a small sliver of light. The performance matches last quarter’s growth and is in-line with what analysts were expecting, according to LSEG. Alphabet, in its earnings on Tuesday, said its similar unit’s growth rate slowed. Shares in the company led by Sundar Pichai declined by a tenth in two days. It’s not exactly a cloudless sky - AWS growth is slowing relative to last year, and its growth rate is still 10 percentage points below Alphabet’s.

Persons: Andy Jassy, Mike Blake, Sundar Pichai, It’s, Jennifer Saba, Lauren Silva Laughlin, Sharon Lam Organizations: Amazon Web Services, REUTERS, Reuters, North, X, Unilever, Thomson Locations: Laguna Beach , California, U.S, It’s

☆ Exclusive: Amazon has drawn thousands to try its AI service competing with Microsoft, Google
▼ + stars: | 2023-07-26 | by ( Jeffrey Dastin | Thomson Reuters | Jeffrey Dastin Is A Correspondent For Reuters Based In San Francisco | ) www.reuters.com time to read: +3 min

REUTERS/Gonzalo Fuentes/File PhotoJuly 26 (Reuters) - Amazon.com’s (AMZN.O) cloud division has drawn thousands of customers to try out its service vying with Microsoft (MSFT.O) and Google (GOOGL.O) in a key area of artificial intelligence, an executive told Reuters. "Our mission is to make every company an AI company," said Sivasubramanian, in an interview pegged to a summit the cloud provider hosted in New York. Amazon Bedrock is the company's answer to services announced by Google and Microsoft, cloud rivals that have developed or marketed AI garnering significant public attention. Microsoft has invested in OpenAI, the startup that created ChatGPT and the AI model known as GPT-4. The cloud provider announced Agents for Amazon Bedrock, which lets businesses create chatbots that execute tasks and give more personalized answers drawing from their proprietary data.

Persons: Gonzalo Fuentes, Swami Sivasubramanian, Sivasubramanian, Jeffrey Dastin, Stephen Nellis, Chizu Nomiyama, Daniel Wallis Organizations: Viva Technology, Porte de, REUTERS, Microsoft, Google, Reuters, Sony, Ryanair, Sun, Thomson Locations: Porte, Paris, France, New York, OpenAI, Silicon

☆ Amazon's subscription spat is anything but prime
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 22 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) Prime service is a club that’s hard to quit - literally. Competition cop Lina Khan filed a complaint on Wednesday alleging that the e-commerce giant enrolled U.S. customers in its subscription product unwittingly and made cancellation unlawfully difficult. When it comes to sharp sales practices, other companies have done worse, but the Amazon case could still hurt. Citigroup analysts estimate that Prime subscribers spend up to 2.5 times more than non-subscribers on Amazon’s marketplace. That extra spending matters: Amazon’s North America segment recorded a razor-thin operating profit margin of 1.2% last quarter.

Persons: Lina Khan, Khan, Wells, isn’t, shouldn’t, Jonathan Guilford, John Foley, Katrina Hamlin Organizations: YORK, Reuters, Federal Trade Commission, FTC, Citigroup, Twitter, Intel, Thomson Locations: U.S, America, Cava

☆ S&P 500, Nasdaq futures rise in run-up to Fed rate verdict
▼ + stars: | 2023-06-14 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

(Reuters) -The S&P 500 and Nasdaq futures edged higher on Wednesday as investors overwhelmingly expect the Federal Reserve to pause its monetary tightening campaign later in the day. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 5, 2023. U.S. stocks have rallied in recent weeks, pushing the benchmark S&P 500 and Nasdaq to 14-month highs, boosted by signs of economic resilience, an upbeat earnings season and hopes that interest rates were near their peak. ET, Dow e-minis were down 42 points, or 0.12%, S&P 500 e-minis were up 7 points, or 0.16%, and Nasdaq 100 e-minis were up 17.75 points, or 0.12%. Tesla Inc added 2.0% as the electric-vehicle maker slightly increased the price of its Model Y car in the United States.

Persons: Brendan McDermid, ”, Richard Flynn, Charles Schwab, Jerome, Humana Organizations: Reuters, Federal Reserve, New York Stock Exchange, REUTERS, Traders, Nasdaq, Dow e, Services, Tesla, United Health Group, CVS Health Locations: New York City, U.S, United States

☆ Amazon expansion collides with contraction
▼ + stars: | 2023-03-06 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, March 6 (Reuters Breakingviews) - Amazon.com’s (AMZN.O) rapid expansion is hitting a wall. When it comes to those trends, even Amazon can’t be too sure. But when it comes to the intersection of hiring and work-from-home trends, even Amazon doesn’t have a crystal ball. Follow @jennifersaba on TwitterCONTEXT NEWSAmazon.com is pausing the construction of its next phase of its second headquarters in Arlington, Virginia, the company said on March 3. In 2018, Amazon awarded the Washington suburb with the promise to invest $2.5 billion and hire 25,000 workers.

☆ Amazon delivers a regulatory breather to Big Tech
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

The U.S. Federal Trade Commission said it won’t challenge Amazon.com’s (AMZN.O) $3.9 billion acquisition of physician network One Medical. As the deal moves forward, deal-hungry technology giants can take a small breather. One Medical’s revenue accounted for just 0.2% of all U.S. healthcare spending in 2021, according to Amazon. And while the FTC’s concerns about Big Tech seemed limitless, its resources aren’t. Letting the One Medical deal move forward frees up staff to focus on ones that pose a clearer threat to consumers.

☆ Walmart’s ho-hum is the new fabulous
▼ + stars: | 2023-02-21 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 21 (Reuters Breakingviews) - At Walmart (WMT.N), boring is the new fabulous. But Walmart benefits from being big, established, and, importantly, profitable, and the latter can’t be said for Amazon.com’s (AMZN.O) retail business. As the shine comes off of technology companies, Walmart’s failures are an afterthought. Walmart’s commitment to keeping prices low is reflected in its operating margins that currently hover at a slim 3%. Walmart’s enterprise value to this year’s EBITDA, at 12 times, is a hair more than Amazon’s.

☆ Tim Cook’s pay re-enters earth’s atmosphere
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

His pay has been out of this world, but then so has the iPhone maker’s share price performance. Nonetheless Apple, its investors and its board have agreed Cook’s pay should orbit closer to Earth in 2023. On Friday, Apple said Cook’s targeted pay will fall to $49 million. Apple says it will target his pay between 80th and 90th percentile among peers in future years. A bigger improvement is making Cook’s pay less of a giveaway.

☆ Amazon’s ‘Thursday Night Football’ NFL Debut Draws 13 Million Viewers
▼ + stars: | 2022-09-22 | by ( Joe Flint | ) www.wsj.com time to read: 1 min

Joshua Palmer of the Los Angeles Chargers catches a pass during the “Thursday Night Football” game carried on Amazon.com’s Prime Video last week. About 13 million people watched the first “Thursday Night Football” regular-season game to be available primarily on Amazon.com Prime Video streaming service, according to Nielsen data. Last week’s game, between the Los Angeles Chargers and Kansas City Chiefs, was also broadcast on local television in the markets of the two teams, and was available free of charge on Amazon Twitch streaming platform. Nielsen’s 13 million audience number includes these viewers, as well as people watching the game outside of their home—in sports bars, for instance—and on NFL+, the National Football League’s own streaming service.

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