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Amazon's Q2 Revenue Skyrockets to $134.4 Billion Under CEO Jassy's Leadership
Key Points:
Under Andy Jassy, Amazon's financial strategy balances revenue growth and spending reduction.
Q2 results showed an 11% revenue increas...
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Amazon to Impose Additional Fee on Sellers Shipping Their Own Products Amidst Antitrust Concerns
Key Highlights:
Amazon is reportedly set to introduce an extra fee for sellers using their own fulfillment methods.
The fee, slated to start on Oc...
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Amazon's New Star Rating System Raises Concerns About Transparency and Trustworthiness
Key Highlights:
Amazon is testing a new star rating system in specific regions, creating confusion for buyers.
The experimental feature replaces t...
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Amazon Expands Nationwide Virtual Health Clinic, Revolutionizing Access to Healthcare
Key Points:
Amazon has launched its Amazon Clinic virtual healthcare marketplace nationwide, enabling customers in all 50 states and Washington, D...
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Amazon Surpasses Microsoft as Bellevue's Largest Employer with 3,000 Worker Surge
Key Points:
Amazon has become Bellevue's biggest employer, overtaking Microsoft, with a workforce of over 10,200 employees in 2022, marking a grow...
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Amazon Introduces "Amazon One": Cashless "Pay by Palm" Technology for Contactless Payments
@WholeFoods. https://t.co/fizfZIDo3P
— Andy Jassy (@ajassy) July 20, 2023
Key Takeaways:
Amazon introduced "Amazon One," a cashless payment...
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Amazon Introduces Brand Posts Widget on Transparency Landing Page, Enhancing Customer Engagement
Key Points:
Amazon now offers the Brand Posts widget on the Transparency landing page, enabling brands to enhance their engagement with customers....
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Amazon Offers One Year of Free Transparency Codes to Brands for Newly Protected Products
Key Points:
Amazon is offering brands the opportunity to receive one year of free Transparency codes for newly protected products.
The promotion i...
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Amazon Introduces New Options for Seller-Fulfilled Returns: Restocking Fee Charge
Key Points:
Amazon has introduced new options for seller-fulfilled returns, allowing sellers to charge a restocking fee from buyers for items ret...
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Amazon Introduces Low-Price FBA Rates, Replacing the Small and Light Program
Key Takeaways:
Amazon has discontinued the Fulfillment by Amazon (FBA) Small and Light program in the US.
The program allowed sellers to enrol in ...
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Amazon Implements Ad Transparency Measures in Compliance with the EU Digital Services Act (DSA)
Key Points:
To comply with the EU Digital Services Act (DSA), Amazon sellers in the EU marketplace must review and confirm their "Advertiser Name"...
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Tech Giants Agree to AI Safeguards Proposed by the White House
Key Points:
Tech giants including Amazon, Google, Meta, Microsoft, OpenAI, and startups Anthropic and Inflection have agreed to a set of AI safegu...
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