Amazon (AMZN) / Jeff Bezos

[winston]

not vested

Amazon.com’s cloud-computing arm is working to resolve an outage that disrupted a swath of websites and services, including the New York transit agency’s status updates.

Amazon Web Services (AWS) said it began investigating “increased error rates and latencies” in one of its data centre clusters shortly after 3.00 pm New York time.

The failures affected the company’s US-EAST-1 region, which is centred in northern Virginia and is Amazon’s most important data centre hub.

AWS is the world’s largest seller of on-demand computing power and software services, which it delivers from a network of vast server farms. That means its outages can ripple across the internet, creating headaches for a range of companies and industries.

The Verge news site, for instance, said on Tuesday (Jun 13) that the disruption left it unable to update its home page.

On Twitter, technologists reported not being able to log into the AWS console, the portal they use to manage AWS services. And the MTA took to the social media site to report that train service information on its website and MYmta app were unavailable because of the AWS outage.

AWS’s status health page reported that the failures stemmed from an issue with the company’s Lambda service, a product that spins up computing power in response to events. Dozens of other AWS services were affected, the company said.

Source: Phillips

[winston]

not vested

Amazon is accused of enrolling consumers into Prime without consent and making it hard to cancel

By HALELUYA HADERO

Launched in 2005, Prime has more than 200 million members worldwide who are entitled to

In the first three months of this year, Amazon reported it made $9.6 billion from subscriptions, a 17% jump from the same period last year.

The tech giant has also faced other lawsuits accusing its Prime cancelation process of being too complicated. While under scrutiny from the FTC, the company in March provided consumers with instructions on how to cancel their Prime memberships in a blog post.

The lawsuit follows another Amazon-related win by the agency just a few weeks ago. Earlier this month, Amazon agreed to pay a $25 million civil penalty to settle allegations it violated a child privacy law for storing kids’ voice and location data recorded by its popular Alexa voice assistant.

It also agreed to pay $5.8 million in customer refunds for alleged privacy violations involving its doorbell camera Ring.

Source: AP

https://apnews.com/article/amazon-prime ... oon%20Wire

[behappyalways]

Amazon recently agreed to pay $30.8 million to settle allegations it failed to delete data about kids collected by its Alexa speakers

https://twitter.com/zerohedge/status/16 ... 3404577795

[behappyalways]

Before and after "Prime Day"
What a deal ...

https://twitter.com/Mayhem4Markets/stat ... 5579956225

[winston]

not vested

Amazon ’s Prime Day is off to a strong start, lifting third-party sellers’ and other retailers’ online sales, early data shows.

On Tuesday, the first day of Amazon’s 48-hour sales event, online spending in the U.S. rose about 6% to $6.4 billion, making it the single-biggest e-commerce day so far this year, according to Adobe Analytics, which measures transactions at U.S. retail sites.

Prime Day kicked off Tuesday and runs through Wednesday.

Adobe expects total U.S. online sales to grow 9.5% year over year to $13.1 billion during the two-day event.

Last year, U.S. consumers spent more than $11.9 billion.

Source: Phillips

[behappyalways]

Amazon Announces Bold Plan To Launch Thousands Of Satellites, Rivaling SpaceX
https://www.zerohedge.com/technology/am ... ing-spacex

[winston]

not vested

Amazon Makes a Very Consumer-Friendly Move

by DANIEL KLINE

With Amazon Clinic, which has now been expanded to the entire U.S., the online leader offers a virtual health-care marketplace that enables customers to quickly get treatment for more than 30 common health concerns like urinary tract infections, pink eye, and erectile dysfunction.

"In addition to message-based consultations in 34 states, Amazon Clinic now supports video visits nationwide. Amazon Clinic offers customers 24/7 access to clinicians directly through Amazon.com and the Amazon mobile app," the company said in a news release.

Source: The Street

https://www.thestreet.com/retailers/ama ... dly%2BMove

[winston]

not vested

Amazon.com announced 2Q23 results that beat expectations.

Revenue was US$134.4bn (up 11% YoY) vs est. US$131.5bn, and EPS came in at US$0.65, almost doubling consensus estimates of US$0.35.

The result beat was mainly due to the growth reacceleration in its core online retail business and the benefits arising from the company’s cost-cutting measures.

AWS, Amazon’s cloud computing segment, grew by 12% YoY – a deceleration from 16% in 1Q23, but was better than guidance of 11% growth.

Management said that AWS growth has stabilized as customers shift from cost optimization to new workload deployments.

The company expects 3Q23 sales to be between US$138bn-US$143bn, suggesting a 9% to 13% YoY growth, partly due to effect from its recent Prime Day event.

Source: Phillips

[behappyalways]

Amazon Soars After Smashing Expectations On AWS Strength, Guides Higher
https://www.zerohedge.com/markets/amazo ... des-higher

[behappyalways]

$AMZN not looking as good under the hood... #CreativeAccounting
https://twitter.com/InvariantPersp1/sta ... 6158986241