tw0122
5 days ago
Consumer demand slowing significantly Amazon Mandates Office Return
Amazon has announced a new policy requiring its corporate employees to work from the office five days a week.. This shift marks a significant change from the company’s current three-day hybrid model. According to Amazon CEO Andy Jassy, in-person work fosters collaboration, innovation, and the company’s sense of culture.
This move makes Amazon one of the strictest return-to-office policy holders among Seattle’s tech giants, although some companies have been gradually increasing in-person requirements recently. The new policy aims to promote a sense of community and teamwork, which Jassy believes is essential for Amazon’s success.
The change comes as more companies are pulling back on remote work, and Amazon’s decision may set a precedent for other Big Tech companies to follow. Other executives, such as Elon Musk and Marc Benioff, have also advocated for a return to pre-pandemic norms of office culture.
It remains to be seen how employees will respond to this new policy, as some may have grown accustomed to the flexibility of remote work. However, Amazon’s move is a significant development in the ongoing debate about the future of work and the role of offices in the modern workplace.
fwb
2 weeks ago
Amazon is investing an additional $2.1 billion in the Delivery Service Partner program—its biggest investment yet.
I’m always humbled by the incredible teams across Amazon’s Delivery Service Partner (DSP) program making magic for customers. This program started in 2018 to empower small business entrepreneurs to grow thriving delivery companies. Since then, I’ve loved watching over 4,400 passionate owners build and scale their businesses, create 390,000 driving jobs, and generate $58 billion in total revenue for their companies.
DiscoverGold
2 months ago
AWS Saves Amazon
By: 24/7 Wall St. | August 2, 2024
• Amazon.com Inc. (NASDAQ: AMZN) earnings upset investors, even though they beat expectations.
• Perhaps those investors are concerned about the wrong thing.
Investors were upset by earnings at Amazon.com Inc. (NASDAQ: AMZN), which is odd because they beat most expectations. Revenue rose 10% from the same quarter a year ago to $148 billion. Its profits were $13.5 billion, much higher than the $6.7 billion a year ago.
The stock sold off because investors worried about rising artificial intelligence (AI) expenditures. However, almost every mega tech company is doing that. Amazon’s capex rose to $17.6 billion, up by almost 50%.
Amazon’s ancient e-commerce business has stopped being the center of earnings releases. The AWS segment pushes Amazon’s stock up or down over the long term, which may still be true. No one knows when big tech AI investments, which run into the billions of dollars, will pay off. It could be a year or more. So, the timing of AI’s future contribution to earnings is a guess.
AWS is still the largest cloud business in the world based on revenue. Its primary competitor, Microsoft’s Azure, stumbled when it released earnings. If that should have worried anyone about the success of AWS, it should not have.
AWS revenue hit $26.3 billion, up from $21.1 billion a year ago. That means AWS is only 18% of Amazon’s revenue. The AWS operating income was $9.3 billion, up from $5.4 billion. That means that AWS was 64% of Amazon’s entire operating income.
Maybe people should stop worrying about Amazon’s AI investment and look at its dominant AWS numbers.
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DiscoverGold
2 months ago
Amazon.com (AMZN) Stock Headed for Worst Day in Over 2 Years
By: Schaeffer's Investment Research | August 2, 2024
• A disappointing current-quarter forecast is weighing on the shares
• Options traders are chiming in on today's bear gap
Amazon.com Inc (NASDAQ:AMZN) is falling sharply on the charts today, following the company's lower-than-expected second-quarter revenue and disappointing current-quarter forecast. Amazon Web Services (AWS) has been thriving, however, with revenue increasing 19% in the second quarter.
Amid the broad-market selloff, AMZN was last seen down 10.9% at $164.06 and headed for its largest single-day percentage drop since April 2022. Jim Cramer is making headlines after posting on X that the panic is "a little overdone," while a handful of analysts adjusted their price targets in both directions.
Now trading at its lowest levels since its early February bull gap and quickly moving away from its July 8 record high of $201.20, the equity is still up 6.2% year to date. It's worth noting that the stock's 14-day relative strength index (RSI) of 32.7 sits on the cusp of "oversold" territory, however, which typically precedes a short-term bounce.
Amazon.com stock is seeing plenty of activity in the options pits. So far, 532,000 calls and 364,000 puts have crossed the tape, which is triple the overall volume typically seen at this point. The weekly 8/2 165-strike put is the most popular, followed by the 160-strike put in the same series, with new positions opening at both.
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