Amazon
#201
Amazon breaks ground on $1.5 billion, 900-acre Prime Air hub at CVG
HEBRON, Ky. — Climbing into a front-end loader Tuesday afternoon, Amazon CEO Jeff Bezos officially broke ground on the e-commerce giant's new Prime Air hub.
"Let's move some dirt!" Bezos exclaimed, launching construction on the new $1.5 billion, 900-acre facility -- sitting just south of the Northern Kentucky/Greater Cincinnati International Airport.
"Let's move some dirt!" Bezos exclaimed, launching construction on the new $1.5 billion, 900-acre facility -- sitting just south of the Northern Kentucky/Greater Cincinnati International Airport.
"This hub is going to allow us to get packages to customers faster, and that's a big deal," Bezos said during Tuesday's news conference. "We're going to move Prime from two-day to one-day, and this hub is a big part of that. We're super excited about that."
Last month, Boone County officials referred to the new air hub as a "mega project for the region." Airport officials estimate the facility will add 2,700 jobs to CVG's already-existing 10,000 jobs.
Boone County Judge Executive recently told WCPO he thinks the hub will generate a large ripple effect in terms of economic development.
"We could have well over 100 other companies locate here in our region to be near the Prime Air hub," he said.
Last month, Boone County officials referred to the new air hub as a "mega project for the region." Airport officials estimate the facility will add 2,700 jobs to CVG's already-existing 10,000 jobs.
Boone County Judge Executive recently told WCPO he thinks the hub will generate a large ripple effect in terms of economic development.
"We could have well over 100 other companies locate here in our region to be near the Prime Air hub," he said.
Jeffy was in my area this week. I know some people that became incredibly rich by selling some old farmland.
#202
Hadn't realized it had gotten this low
APRN: $0.9689 : -$0.0166 (-1.68%)
At close: 4:02PM EDT
$1.11 : +$0.1411 (14.5629%)
After hours: 7:28PM EDT
I'm going with too little too late?
https://www.wsj.com/articles/blue-ap...eo-11554243666
Must be nice to still get nearly $500,000 for running the company into the ground.
APRN: $0.9689 : -$0.0166 (-1.68%)
At close: 4:02PM EDT
$1.11 : +$0.1411 (14.5629%)
After hours: 7:28PM EDT
I'm going with too little too late?
https://www.wsj.com/articles/blue-ap...eo-11554243666
Must be nice to still get nearly $500,000 for running the company into the ground.
its even lower now.
APRN
0.69 USD −0.062 (8.32%)
Closed: May 20, 6:41 PM EDT
After hours 0.69 +0.0049 (0.72%)
Trying for a reverse stock split so they don’t get delisted.
https://www.marketwatch.com/story/bl...lit-2019-05-20
#203
GrubHub shares jump after Amazon shuts down its restaurant delivery service
https://www.cnbc.com/2019/06/11/grub...y-service.html
GrubHub Inc
NYSE: GRUB
70.06 USD +5.36 (8.28%)
Closed: Jun 11, 6:49 PM EDT
After hours 70.33 +0.27 (0.39%)
#204
$1,647.00 : -$133.78 (-7.51%)
After hours: 4:10PM EDT
https://ir.aboutamazon.com/news-rele...24-700-billion
https://ir.aboutamazon.com/static-fi...6-55f351fe4243
Q3 2019 results
EPS: $4.23 vs $4.62 expected -- miss
Rev: $70 billion vs $68.8 billion expected -- beat
AWS: $9 billion vs $9.1 billion expected -- miss
Operating cash flow: up 33% to $35.3 billion
Free cash flow increased to $23.5 billion
After hours: 4:10PM EDT
https://ir.aboutamazon.com/news-rele...24-700-billion
https://ir.aboutamazon.com/static-fi...6-55f351fe4243
Q3 2019 results
EPS: $4.23 vs $4.62 expected -- miss
Rev: $70 billion vs $68.8 billion expected -- beat
AWS: $9 billion vs $9.1 billion expected -- miss
Operating cash flow: up 33% to $35.3 billion
Free cash flow increased to $23.5 billion
Net sales increased 24% to $70.0 billion in the third quarter, compared with $56.6 billion in third quarter 2018. Excluding the $500 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 25% compared with third quarter 2018.
Operating income decreased to $3.2 billion in the third quarter, compared with operating income of $3.7 billion in third quarter 2018.
Net income decreased to $2.1 billion in the third quarter, or $4.23 per diluted share, compared with net income of $2.9 billion, or $5.75 per diluted share, in third quarter 2018.
Operating income decreased to $3.2 billion in the third quarter, compared with operating income of $3.7 billion in third quarter 2018.
Net income decreased to $2.1 billion in the third quarter, or $4.23 per diluted share, compared with net income of $2.9 billion, or $5.75 per diluted share, in third quarter 2018.
Last edited by AZuser; 10-24-2019 at 03:17 PM.
#208
After hours2,385.80−88.20 (3.57%)
edit: After hours2,357.00−117.00 (4.73%)
Here’s what Amazon reported:
- Earnings per share (EPS): $5.01 vs expected $6.25
- Revenue: $75.45 billion vs expected $73.61 billion
Last edited by Mizouse; 04-30-2020 at 03:15 PM.
#211
Beat.
- Earnings: $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv
- Revenue: $96.15 billion vs $92.7 billion expected, according to analysts surveyed by Refinitiv
#212
Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3
https://www.cnbc.com/2021/02/02/jeff...ver-in-q3.html
After hours3,425.13+45.13 (1.34%)
#215
(You go boy)
Dan Jewett, who made the announcement in a letter to the website of the nonprofit organization the Giving Pledge on Saturday, said he never imagined he would be in a position to talk about giving away significant wealth during his lifetime in order to make a difference in other people's lives.
Jewett has been a teacher for decades and most recently taught chemistry at the private Lakeside School, where Scott's children attended.
“And now, in a stroke of happy coincidence, I am married to one of the most generous and kind people I know — and joining her in a commitment to pass on an enormous financial wealth to serve others," Jewett wrote.
MacKenzie Scott marries Seattle teacher after Bezos divorce
MacKenzie Scott marries Seattle teacher after Bezos divorce (yahoo.com)MacKenzie Scott, philanthropist, author and former wife of Amazon founder Jeff Bezos, has married a Seattle science teacher who expressed gratitude “for the exceptional privilege it will be to partner in giving away assets with the potential to do so much good when shared."Dan Jewett, who made the announcement in a letter to the website of the nonprofit organization the Giving Pledge on Saturday, said he never imagined he would be in a position to talk about giving away significant wealth during his lifetime in order to make a difference in other people's lives.
Jewett has been a teacher for decades and most recently taught chemistry at the private Lakeside School, where Scott's children attended.
“And now, in a stroke of happy coincidence, I am married to one of the most generous and kind people I know — and joining her in a commitment to pass on an enormous financial wealth to serve others," Jewett wrote.
#217
$2,778.59 : -$233.66 (-7.76%)
Reports today.
Earnings expectations
EPS: $3.58
Revenue: $137.6 billion
https://www.barrons.com/articles/ama...ck-51643901851
Amazon Reports Earnings Thursday. Here’s What To Expect.
Feb. 3, 2022
Keep in mind that Amazon’s September quarter results provided a negative surprise, with both reported sales, profits, and guidance falling short of Street estimates. The company projected December quarter revenue of between $130 billion and $140 billion, up 4% to 12%, short of the Street consensus estimate at the time of $142 billion. Amazon projects operating income for the quarter of between break-even and $3 billion. Street consensus estimates now call for revenue of $137.6 billion, with operating income of $2.4 billion and profits of $3.58 a share.
For the March quarter, the Street sees sales of $120.9 billion and profits of $9.50 a share. For all of 2022, the consensus view calls for revenue of $551 billion and profits of about $50 a share.
As Amazon has expanded over time, the company’s financial results have more moving parts. Street estimates call for revenue from the company’s core online stores business of $68.6 billion, up 3% from a year earlier, with third-party-seller services revenue of $31 billion, up 13.6% (that includes things like warehousing, logistics, and delivery services.) Those two elements of the Amazon story are still the heart of the company, and the market clearly seems to be discounting a disappointing holiday season.
But there are other elements to the story that could provide an offset. Amazon Web Services revenue is expected to grow 36% to $17.4 billion—and a strong performance by AWS could deflect some of the concerns about e-commerce softness. Note that both Microsoft and Alphabet reported strong growth for their own cloud-computing businesses in the quarter—Microsoft also projected that growth for its Azure cloud business would accelerate in the March quarter. Meanwhile, subscription services—basically Amazon Prime—are expected to grow 19% to $8.4 billion. Street estimates call for physical stores revenue of $4.4 billion, up 9%.
Also keep a close eye on what Amazon says about advertising revenue. Only recently broken out as a separate segment, the Street is projecting $9.3 billion, which would be up 30% sequentially. Meta’s swoon this morning—the stock has lost a quarter of its value—reflects ongoing concerns about the company’s ad business. But keep in mind that while Meta’s Facebook unit is impacted by Apple‘s move to bolster privacy on iOS devices, Amazon’s ad business isn’t reliant on the same kind of behavioral signals to discover consumer intent. In other words, Facebook has to figure out that you are hunting for a new laptop—but on Amazon, you actually search for “laptop,” and will see relevant ads as a result. Meta blames its soft ad outlook in part on macro issues—rising inflation and supply-chain shortages. But a strong ad result from Amazon would point to a shifting of ad dollars away from Facebook to Amazon and other platforms less reliant on using consumer behavior for targeting.
Feb. 3, 2022
Keep in mind that Amazon’s September quarter results provided a negative surprise, with both reported sales, profits, and guidance falling short of Street estimates. The company projected December quarter revenue of between $130 billion and $140 billion, up 4% to 12%, short of the Street consensus estimate at the time of $142 billion. Amazon projects operating income for the quarter of between break-even and $3 billion. Street consensus estimates now call for revenue of $137.6 billion, with operating income of $2.4 billion and profits of $3.58 a share.
For the March quarter, the Street sees sales of $120.9 billion and profits of $9.50 a share. For all of 2022, the consensus view calls for revenue of $551 billion and profits of about $50 a share.
As Amazon has expanded over time, the company’s financial results have more moving parts. Street estimates call for revenue from the company’s core online stores business of $68.6 billion, up 3% from a year earlier, with third-party-seller services revenue of $31 billion, up 13.6% (that includes things like warehousing, logistics, and delivery services.) Those two elements of the Amazon story are still the heart of the company, and the market clearly seems to be discounting a disappointing holiday season.
But there are other elements to the story that could provide an offset. Amazon Web Services revenue is expected to grow 36% to $17.4 billion—and a strong performance by AWS could deflect some of the concerns about e-commerce softness. Note that both Microsoft and Alphabet reported strong growth for their own cloud-computing businesses in the quarter—Microsoft also projected that growth for its Azure cloud business would accelerate in the March quarter. Meanwhile, subscription services—basically Amazon Prime—are expected to grow 19% to $8.4 billion. Street estimates call for physical stores revenue of $4.4 billion, up 9%.
Also keep a close eye on what Amazon says about advertising revenue. Only recently broken out as a separate segment, the Street is projecting $9.3 billion, which would be up 30% sequentially. Meta’s swoon this morning—the stock has lost a quarter of its value—reflects ongoing concerns about the company’s ad business. But keep in mind that while Meta’s Facebook unit is impacted by Apple‘s move to bolster privacy on iOS devices, Amazon’s ad business isn’t reliant on the same kind of behavioral signals to discover consumer intent. In other words, Facebook has to figure out that you are hunting for a new laptop—but on Amazon, you actually search for “laptop,” and will see relevant ads as a result. Meta blames its soft ad outlook in part on macro issues—rising inflation and supply-chain shortages. But a strong ad result from Amazon would point to a shifting of ad dollars away from Facebook to Amazon and other platforms less reliant on using consumer behavior for targeting.
#218
$3,137.21 : +$360.30 (+12.97%)
After hours: 04:08PM EST
EPS: $27.75 vs $3.58 estimate -- beat
Rev: $137.4 billion vs $137.6 billion estimate -- small miss
AWS revenue: 17.8 billion vs $17.37 billion estimate -- small beat
After hours: 04:08PM EST
EPS: $27.75 vs $3.58 estimate -- beat
Rev: $137.4 billion vs $137.6 billion estimate -- small miss
AWS revenue: 17.8 billion vs $17.37 billion estimate -- small beat
Last edited by AZuser; 02-03-2022 at 03:16 PM.
#219
AMZN : $3,089.45 : +$303.87 (+10.91%)
After hours: 4:44PM EST
https://d18rn0p25nwr6d.cloudfront.ne...90dab31a24.pdf
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
_________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 9, 2022 Date of Report (Date of earliest event reported)
_________________________
AMAZON.COM, INC.
(Exact name of registrant as specified in its charter)
Board Approval of Stock Split
On March 9, 2022, the Board of Directors of Amazon.com, Inc. (the “Company”) approved a 20-for-1 split of the Company’s common stock to be effected through an amendment to the Company’s Restated Certificate of Incorporation (the “Amendment”). The Amendment will also effect a proportionate increase in the number of shares of authorized common stock.
The stock split and the proportionate authorized share increase are subject to shareholder approval of the Amendment at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”), which is currently scheduled to take place on May 25, 2022. The Company’s definitive proxy statement relating to the Annual Meeting will include additional details regarding the Amendment.
Subject to shareholder approval of the Amendment, each Company shareholder of record at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022. Trading is expected to begin on a split-adjusted basis on June 6, 2022.
Share Repurchase Authorization
On March 9, 2022, the Board of Directors also authorized the Company to repurchase up to $10 billion of the Company’s common stock. The program allows the Company to repurchase its shares opportunistically from time to time when it believes that doing so would enhance long-term shareholder value. The repurchase authorization does not have a fixed expiration. Purchases may be effected through one or more open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or a combination of the foregoing. This stock repurchase authorization replaces the previous $5 billion stock repurchase authorization, approved by the Board of Directors in 2016, under which the Company had repurchased $2.12 billion of its shares.
After hours: 4:44PM EST
https://d18rn0p25nwr6d.cloudfront.ne...90dab31a24.pdf
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________
FORM 8-K
_________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 9, 2022 Date of Report (Date of earliest event reported)
_________________________
AMAZON.COM, INC.
(Exact name of registrant as specified in its charter)
Board Approval of Stock Split
On March 9, 2022, the Board of Directors of Amazon.com, Inc. (the “Company”) approved a 20-for-1 split of the Company’s common stock to be effected through an amendment to the Company’s Restated Certificate of Incorporation (the “Amendment”). The Amendment will also effect a proportionate increase in the number of shares of authorized common stock.
The stock split and the proportionate authorized share increase are subject to shareholder approval of the Amendment at the 2022 Annual Meeting of Shareholders (the “Annual Meeting”), which is currently scheduled to take place on May 25, 2022. The Company’s definitive proxy statement relating to the Annual Meeting will include additional details regarding the Amendment.
Subject to shareholder approval of the Amendment, each Company shareholder of record at the close of business on May 27, 2022 will have 19 additional shares for every one share held as of such date reflected in their accounts on or about June 3, 2022. Trading is expected to begin on a split-adjusted basis on June 6, 2022.
Share Repurchase Authorization
On March 9, 2022, the Board of Directors also authorized the Company to repurchase up to $10 billion of the Company’s common stock. The program allows the Company to repurchase its shares opportunistically from time to time when it believes that doing so would enhance long-term shareholder value. The repurchase authorization does not have a fixed expiration. Purchases may be effected through one or more open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or a combination of the foregoing. This stock repurchase authorization replaces the previous $5 billion stock repurchase authorization, approved by the Board of Directors in 2016, under which the Company had repurchased $2.12 billion of its shares.
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doopstr (03-09-2022)
#223
UBER: $21.70 : -$0.82 (-3.64%)
DASH: $67.46 : -$7.44 (-9.93%)
New Prime benefit
https://www.wsj.com/articles/amazon-...ke-11657087501
https://about.grubhub.com/news/grubh...m-restaurants/
DASH: $67.46 : -$7.44 (-9.93%)
New Prime benefit
https://www.wsj.com/articles/amazon-...ke-11657087501
Amazon Adds Grubhub Delivery to Prime Membership to Bulk Up Foods Business
July 6, 2022
Amazon.com Inc. agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.
Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV, said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from some restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new customers, Just Eat said.
Just Eat will still own Grubhub and will continue exploring a full or partial sale of Grubhub, it said. The deal will renew annually unless either Amazon or Just Eat terminates it and it is expected to materially add to Grubhub’s business next year, Just Eat said.
The deal brings Amazon further into food-related services through its Prime membership program. The online commerce giant has provided grocery benefits to Prime members under its Whole Foods Market division as a way to make its annual subscription program more valuable.
“The value of a Prime membership continues to grow with this offer,” said Jamil Ghani, vice president of Amazon Prime.
Amazon last year said that millions of Prime members in the U.K. and Ireland would get discounts through U.K. food delivery firm Deliveroo, in which Amazon invested in 2019.
Amazon will offer Prime members a subscription to Grubhub’s membership program for a year, which includes free delivery from a network of restaurants, as well as other discounts.
July 6, 2022
Amazon.com Inc. agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.
Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV, said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from some restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new customers, Just Eat said.
Just Eat will still own Grubhub and will continue exploring a full or partial sale of Grubhub, it said. The deal will renew annually unless either Amazon or Just Eat terminates it and it is expected to materially add to Grubhub’s business next year, Just Eat said.
The deal brings Amazon further into food-related services through its Prime membership program. The online commerce giant has provided grocery benefits to Prime members under its Whole Foods Market division as a way to make its annual subscription program more valuable.
“The value of a Prime membership continues to grow with this offer,” said Jamil Ghani, vice president of Amazon Prime.
Amazon last year said that millions of Prime members in the U.K. and Ireland would get discounts through U.K. food delivery firm Deliveroo, in which Amazon invested in 2019.
Amazon will offer Prime members a subscription to Grubhub’s membership program for a year, which includes free delivery from a network of restaurants, as well as other discounts.
https://about.grubhub.com/news/grubh...m-restaurants/
Grubhub and Amazon Delight U.S. Prime Members with Free Grubhub+ for Unlimited $0 Food Delivery from Restaurants
July 6, 2022
Amazon Prime members are accustomed to choosing from an expansive selection and getting fast, free delivery on the things they want the most. Now all Prime members in the United States can enjoy the same perks from their favorite restaurants with a free, year-long Grubhub+ membership trial. Starting today, Prime members in the U.S. can sign up for Grubhub+ for free and access unlimited $0 delivery fees from hundreds of thousands of restaurants on Grubhub for one year.
More than half (53%) of adults and nearly two-thirds (64%) of millennials admit that purchasing takeout and delivery food is “essential” to the way they live, but only one-third (38%) of Americans report using third-party delivery companies like Grubhub at least some of the time. Grubhub and Amazon are bringing more convenience to Prime members who are new to Grubhub, while adding even more value to their Prime membership, by complementing Prime’s fast, free delivery on millions of items, ultrafast grocery delivery, award-winning digital entertainment benefits and more with takeout from local restaurants.
“Both Grubhub and Amazon have transformed people’s lives by providing them with unprecedented choice and convenience,” said Ariella Kurshan, Senior Vice President of Growth, Grubhub. “With the new Grubhub and Amazon offering, Prime members now can enjoy free delivery from hundreds of thousands of restaurants across the country, when they sign up for a year of free Grubhub+. I’m thrilled that new Grubhub diners from Amazon can get even more delivered to their door with their Prime membership.”
“Being able to give Prime members one year of Grubhub+ and no delivery fees from restaurants is our way of saying ‘thank you’,” said Jamil Ghani, Vice President, Amazon Prime. “The value of a Prime membership continues to grow with this offer, and this year is shaping up to be a great time to enjoy the convenience, savings, fun — and deliciousness — that membership provides.”
July 6, 2022
Amazon Prime members are accustomed to choosing from an expansive selection and getting fast, free delivery on the things they want the most. Now all Prime members in the United States can enjoy the same perks from their favorite restaurants with a free, year-long Grubhub+ membership trial. Starting today, Prime members in the U.S. can sign up for Grubhub+ for free and access unlimited $0 delivery fees from hundreds of thousands of restaurants on Grubhub for one year.
More than half (53%) of adults and nearly two-thirds (64%) of millennials admit that purchasing takeout and delivery food is “essential” to the way they live, but only one-third (38%) of Americans report using third-party delivery companies like Grubhub at least some of the time. Grubhub and Amazon are bringing more convenience to Prime members who are new to Grubhub, while adding even more value to their Prime membership, by complementing Prime’s fast, free delivery on millions of items, ultrafast grocery delivery, award-winning digital entertainment benefits and more with takeout from local restaurants.
“Both Grubhub and Amazon have transformed people’s lives by providing them with unprecedented choice and convenience,” said Ariella Kurshan, Senior Vice President of Growth, Grubhub. “With the new Grubhub and Amazon offering, Prime members now can enjoy free delivery from hundreds of thousands of restaurants across the country, when they sign up for a year of free Grubhub+. I’m thrilled that new Grubhub diners from Amazon can get even more delivered to their door with their Prime membership.”
“Being able to give Prime members one year of Grubhub+ and no delivery fees from restaurants is our way of saying ‘thank you’,” said Jamil Ghani, Vice President, Amazon Prime. “The value of a Prime membership continues to grow with this offer, and this year is shaping up to be a great time to enjoy the convenience, savings, fun — and deliciousness — that membership provides.”
#225
https://finance.yahoo.com/news/amazo...131434690.html
After hours: 05:51PM EDT
Amazon stock soars nearly 12% after revenue beats expectations
137.25+14.97 (+12.24%)After hours: 05:51PM EDT
#226
https://www.cnbc.com/2022/07/28/amaz...d-quarter.html
Amazon records $3.9 billion loss on Rivian investment, bringing markdown for the year to $11.5 billion
#227
https://www.cnbc.com/2022/10/27/amaz...s-q3-2022.html
Amazon stock sinks 20% on weak fourth-quarter guidance
90.36-20.60 (-18.57%)
#228
https://www.cnbc.com/2022/11/14/amaz...this-week.html
Amazon reportedly plans to lay off about 10,000 employees starting this week
#229
https://www.cnbc.com/2022/11/14/amaz...this-week.html
Amazon reportedly plans to lay off about 10,000 employees starting this week
Despite consumer spending.
Despite consumer confidence.
Despite corporate profits.
Amazon jumps on the 'let's make that 2023 recession a reality' self-fulfilling prophesy band-wagon.
#230
Black Friday surprise: Jeff Bezos tells people not to buy cars, refrigerators and other big-ticket items. Critics call him out.
....Why?
Why does Bezo's want a recession? Has he positioned himself so that he'll gain from an economic slowdown?
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