Amazon (AMZN) Launches Amazon Music in Colombia and Chile

Amazon (AMZN) Announces Retirement of Thomas O. Ryder from Board

November 12, 2021 9:06 AM EST

On November 10, 2021, Thomas O. Ryder informed Amazon.com, Inc. (NASDAQ: AMZN) of his decision to retire from the Board of Directors effective December 31, 2021.

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Active options: RBLX AMC BP LCID AMZN NIO SPCE UBER TTD RIOT SDC TLRY

November 10, 2021 4:38 AM EST

Active options: RBLX AMC BP LCID AMZN NIO SPCE UBER TTD RIOT SDC TLRY

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Rivian Automotive (RIVN) Prices Upsized IPO at $78, Valuing EV Maker at Nearly $70 Billion

November 9, 2021 10:23 PM EST

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share, above the expected $72-$74 range. The IPO size was increased from 135,000,000.

The pricing values the EV maker at $68.2 billion if underwriters exercise their option. By comparison, Tesla has a valuation of a little over $1 Trillion.

In addition, Rivian has granted the underwriters a 30-day option to purchase up to an additional 22,950,000 shares of Class A common stock at the initial public offering price,... More

Amazon (AMZN) and Weber (WEBR) Announce Joint Lawsuit Against Counterfeiters

November 9, 2021 8:05 AM EST

Today, Amazon.com, Inc. (Amazon) (NASDAQ: AMZN), together with a subsidiary of Weber Inc. (NYSE: WEBR), jointly filed a lawsuit against 12 defendants for selling products that illegally bear the WEBER® registered trademark in Amazons store. The defendants attempted to offer counterfeit versions of the global grill makers grill covers, violating Amazons policies, infringing on Webers registered trademarks, and breaking the law.

The lawsuit was filed in the United States District Court for the Western District of Washington and alleges that the defendants conspired to deceive... More

Exclusive-Amazon seeking to settle EU antitrust investigations, sources say

November 9, 2021 7:58 AM EST

By Foo Yun Chee

BRUSSELS (Reuters) - Amazon is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said.

The European Commission in November last year charged the world's biggest online retailer with using its size, power and data to push its own products and gain an unfair advantage over rival merchants that sell on its online platform.

It also opened an... More

PayPal (PYPL) Stock Slips as Disappointing Results and Guidance Outweigh Venmo's Partnership With Amazon (AMZN), Analysts Lower Numbers

November 9, 2021 6:39 AM EST

Shares of Amazon (NASDAQ: AMZN) are down over 3% in pre-open Tuesday after the company reported mixed Q3 results and a lower-than-expected outlook.

PayPal reported Q3 EPS of $1.11 to top the analyst estimate of $1.07. Revenue for the quarter came in at $6.18 billion to miss on the consensus estimate of $6.23 billion.

Our third quarter results show solid growth on top of a record year. The strength of PayPals two-sided platform and ubiquity in our core markets has set us up to grow at scale, expand our work with existing merchants and attract new... More

Allegiant Travel (ALGT) Announces Five-Year Collaboration with Amazon Web Services (AMZN)

November 8, 2021 12:01 PM EST

Allegiant (NASDAQ: ALGT) today announced a five-year collaboration with Amazon Web Services (AWS) (NASDAQ: AMZN), Inc., selecting AWS as its Preferred Cloud Provider. With its unique-to-industry focus on leisure travel, providing affordable, nonstop flights to premier vacation destinations, Allegiant has evolved as an integrated travel company, increasingly offering lodging, rental cars and access to special experiences to customers. Known for a nimble air service model which can add or reduce capacity according to seasonal demand, the Las Vegas-based carrier is in a unique position of growth emerging from the COVID-19... More