#amazon

#amazon

Amazon is reaching an entire audience that Sephora is probably not reaching,

Unafraid of concentration risk, Ackman channels billions into select names he believes are undervalued giants, as evidenced by past winners like Chipotle Mexican Grill ( ) and Hilton Worldwide Holdings ( ). His strategy prioritizes quality management and long-term moats over diversification. In the first quarter, he launched a blockbuster stake in Uber Technologies ( ), acquiring 30.3 million shares worth $2.21 billion at the time - now valued at $2.8 billion and comprising 21% of his $13.7 billion portfolio. Yet, he hasn't added since, content with the position amid Uber's rally.

Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 306,500% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the five-largest market cap of any publicly traded company.

The superstar musician is the most-streamed artist in the world. She is the first to win album of the year at the Grammy Awards four times. Her Eras Tour generated more than $2 billion in ticket sales. And she has a net worth of $1.6 billion. She also has something valuable in common with Amazon, the Jeff Bezos-founded ecommerce giant that boasts a $2.5 trillion market capitalization.

In other company news, the firm announced in July that it deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet. The robotics cycle is "early," according to Bank of America's analyst, who expects Amazon to leverage robots to reduce labor dependency, increase order accuracy and improve warehouse efficiency, driving material cost savings.

On Friday, a proposed class action was filed in Washington federal court against Amazon over a "bait and switch" in which the company allegedly misleads consumers into believing they've purchased content when they're only getting a license to watch, which can be revoked at any time....Lisa Reingold, who filed the lawsuit, says she bought Bella and the Bulldogs - Volume 4 on Amazon in May for $20.79 but soon lost access to the title.

While TVs might not be the first thing that comes to mind when you think about Labor Day sales, retailers like and are offering steep discounts on brands like LG, Samsung, Hisense, and more. You can save up to 50% on premium-grade OLED models, cinema-sized 100-inch screens, and even ultra budget-friendly options from Insignia and TCL. I review TVs for ZDNET.

Amazon is preparing to launch a new tablet that could run on Android instead of its custom FireOS software, according to a report from Reuters. Multiple sources tell the outlet that Amazon plans to release the "higher-end" Android tablet as early as next year. Amazon currently powers its Fire tablets using a forked version of Android, forcing developers to create apps compatible with FireOS and distribute them on the Amazon App Store. The company's upcoming tablet could soon change this, potentially giving users access to a wider variety of Android features and apps.

Amazon is developing a super-center shopping experience that combines groceries and general merchandise, targeting consumers who currently shop at multiple retailers for their needs.

A Texas Amazon courier jumped from his van, delivering parcels immediately after a collision with a sleeping, unlicensed driver. Concerned neighbors rushed to help him.

The Amazon Great Freedom Festival 2025 sale offers significant discounts on various gadgets like laptops, smartphones, and premium audio gear, ending tonight.

British comedian Rhys James announced that ahead of the release of his memoir, he found a plethora of AI versions circulating on Amazon.

Amazon is taking significant steps to strengthen its position in the AI sector by increasing investments in Anthropic to integrate Claude Opus 4 AI into its platforms. This strategy aims to enhance AWS and retail experiences, marking Amazon as a formidable competitor in the AI landscape, competing directly with major players like Microsoft and Google.

The Fed decided to keep rates steady this week at 4.25-4.5%, focusing investor attention more than usual. Numerous earnings reports were released during the week.

Jane was shocked to find the delivery driver in her bedroom, where he was masturbating. She demanded he leave immediately.