Tag: Amazon Inc. (AMZN)

Amazon building
February 27, 2024 BY Elizabeth Anderson

AWS plans for an infrastructure region in Mexico

This AWS Mexico Region will allow businesses, the government, education facilities and nonprofits more flexibility in app usage and data storage. This latest initiative from Amazon aims to offer updated and secure cloud computing. Mexico’s Secretary of Economy, Raquel Buenrostro, said: Cloud services are an essential part of everyday life, helping us to digitally and…

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February 13, 2024 BY PureContent

Bezos sells $2 billion worth of Amazon shares

The move follows a recent announcement that Bezos is set to sell between 50 million and 75 million shares over the next 12 months. Investors now buying Amazon shares are essentially betting against Bezos as he has become a ‘big seller’ of the stock.    Jeff Bezos became executive chairman of Amazon in 2021 after stepping…

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February 05, 2024 BY Elizabeth Anderson

Three out of seven a win – Amazon, Apple and Meta topping forecasts

Amazon’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%.   Apple followed suit with its Q1 earnings and defied analyst…

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