amazon.com

  1. Hanno Labuschagne

    Amazon remote workers forced to relocate for return to office

    Amazon remote workers forced to relocate for return to office Amazon.com Inc. will require some corporate employees to relocate as part of a mandate requiring workers to be in the office three days a week, according to people familiar with the matter, the latest source of strain between the...
  2. Hanno Labuschagne

    Rivian's Amazon delivery van fleet expanding to Germany

    Rivian's Amazon delivery van fleet expanding to Germany Rivian Automotive Inc. will expand deliveries of a battery-electric van it makes for Amazon.Com Inc. to Europe. It will be the EV maker’s first commercial shipments outside the US. The company will roll out more than 300 plug-in delivery...
  3. Hanno Labuschagne

    Amazon sued by FTC for "manipulating" customers into signing up for Prime

    Amazon sued by FTC for "manipulating" customers into signing up for Prime The US Federal Trade Commission sued Amazon.com Inc. Wednesday, alleging the e-commerce giant duped consumers into signing up for its Prime membership service and deliberately made it hard to cancel. The consumer...
  4. Hanno Labuschagne

    TikTok wants a slice of Amazon's online shopping pie

    TikTok wants a slice of Amazon's online shopping pie ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia, according to people familiar with the matter...
  5. Hanno Labuschagne

    Amazon settles with FTC over Ring privacy violations

    Amazon settles with FTC over Ring privacy violations Amazon.com Inc. agreed to pay $30.8 million (R608.7 million) to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices. In one case, the FTC alleged that Amazon didn’t take steps...
  6. Hanno Labuschagne

    Nvidia briefly joins trillion-dollar club

    Nvidia briefly joins trillion-dollar club Nvidia Corp.’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies. The stock rose as much as 7.7% early in the...
  7. Hanno Labuschagne

    Supreme Court of Appeal refuses to hear application for interdict against Amazon Cape Town HQ construction

    Supreme Court of Appeal refuses to hear application for interdict against Amazon Cape Town HQ construction The Supreme Court of Appeal (SCA) has refused to grant the Observatory Civic Association (OCA) permission to appeal a Western Cape High Court ruling dismissing an interdict against the...
  8. Hanno Labuschagne

    Amazon.com product search could get ChatGPT-style capabilities

    Amazon.com product search could get ChatGPT-style capabilities Amazon.com Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines. The e-commerce giant’s ambitions...
  9. Hanno Labuschagne

    Amazon.com's cut of small business sales over 50% — Report

    Amazon.com's cut of small business sales over 50% — Report Grappling with slowing sales growth and rising costs, Amazon.com Inc. is squeezing more money from the nearly 2 million small businesses that sell products on its sprawling online marketplace. For the first time, Amazon’s average cut...
  10. Hanno Labuschagne

    Lawsuit claims Amazon.com took delivery drivers' tips for itself

    Lawsuit claims Amazon.com took delivery drivers' tips for itself Washington DC’s attorney general is suing Amazon.com Inc., seeking civil penalties for allegedly misleading consumers who thought they were tipping delivery drivers but had the money diverted to cover the couriers’ base pay. The...
  11. Hanno Labuschagne

    Amazon becomes first public company to lose $1-trillion value

    Amazon becomes first public company to lose $1-trillion value Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the...
  12. Hanno Labuschagne

    Amazon marketplace artificially inflates prices — California lawsuit

    Amazon marketplace artificially inflates prices — California lawsuit California sued Amazon.com Inc., saying the company forces third-party merchants to agree to policies that lead to “artificially high prices” for consumers. State Attorney General Rob Bonta on Wednesday announced the...
  13. Hanno Labuschagne

    Takealot takes Amazon's expected entry into South Africa as a compliment

    Takealot takes Amazon's expected entry into South Africa as a compliment Takealot Group CEO Mamongae Mahlare says the potential launch of an Amazon marketplace in South Africa in 2023 is a "compliment" to Takealot and its customers. In an interview with Bruce Whitfield's The Money Show on Talk...
  14. Jan

    Takealot revenue surged from $606 million to $827 million - why hasn't it broken even?

    Takealot under pressure Takealot is under siege with increased competition from large brick-and-mortar retailers, Amazon.com is planning to launch local operations, it has lost many top executives, and the Competition Commission is on its back. Takealot was launched in June 2011, following the...
  15. Jan

    Amazon planning South African online shopping launch

    Amazon.com planning to launch a marketplace in South Africa Amazon is reportedly planning to launch a marketplace in South Africa that will compete against Takealot, Makro, and other online retailers. Citing leaked documents, Business Insider reported that Amazon plans to expand to five new...
  16. Hanno Labuschagne

    Amazon drops warehouse phone ban permanently after staff deaths

    Amazon drops warehouse phone ban permanently after staff deaths Amazon.com Inc. will let warehouse workers keep mobile phones with them on the job, abandoning plans to resume a ban temporarily lifted during the pandemic. “We recognize the desire for employees to keep their mobile phones...
  17. Hanno Labuschagne

    Court orders construction to stop on new Amazon headquarters in SA

    Court orders construction to stop on new Amazon headquarters in SA South Africa’s High Court has temporarily halted construction of Amazon.com Inc.’s planned new Africa headquarters in Cape Town and ordered the company to consult with indigenous people who say the site is sacred land. Building...
  18. Hanno Labuschagne

    Visa and Amazon reach agreement over payment fees

    Visa and Amazon reach agreement over payment fees Amazon.com Inc. told customers that it has reached an agreement with Visa Inc. over the fees it pays to accept the payments giant’s cards on its website. The retailer said it will no longer charge customers who use Visa cards on its site in...
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