Latest Andrew Jassy News
Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
NEW YORK (AP) — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Shares in Amazon.com Inc. finished the day up almost 4%, giving the Seattle-based company a stock market...
Amazon adds $1.4 billion to affordable housing fund for regions where it has corporate offices
NEW YORK (AP) — Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing in regions where the company has major corporate offices, CEO Andy Jassy announced Tuesday. The Seattle-based company said the new sum would go...
Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses
NEW YORK (AP) — Thousands of delivery drivers filed legal claims against Amazon on Tuesday, alleging the company’s classification of them as independent contractors instead of employees has led to unpaid wages and other financial losses. Two law firms spearheading the action...
Amazon CEO Andy Jassy's comments about unions violated federal law, NLRB judge rules
A federal administrative law judge ruled that Amazon CEO Andy Jassy violated labor law by making certain anti-union comments during media interviews two years ago. The ruling, issued Wednesday, follows a complaint filed in 2022 by the National Labor Relations Board that accused...
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the...
Seattle Kraken move games to over-the-air broadcaster with streaming on Amazon's Prime Video
SEATTLE (AP) — The Seattle Kraken will move their games to an over-the-air broadcaster and have a streaming partnership with Amazon’s Prime Video beginning with the 2024-25 season, the team announced Thursday. The Kraken will be the first NHL team to have a streaming deal with...
Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI...
Amazon is removing Just Walk Out technology from its Fresh grocery stores in the US
NEW YORK (AP) — Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain. The company’s well-known technology lets customers pay for items without standing in line and sends them receipts afterwards. Amazon says it...
