Amazon

Investments
1

Amazon is a really interesting company with an incredibly strong market position.

Previous Amazon News in Discord Achieve

Aron — 06/04/2022 12:27 PM

He has been with the company for 23 years. He has been in his current role since 2020

Aron — 06/05/2022 9:10 AM

Aron — 08/25/2022 6:20 PM

Amazon is shutting down Amazon care after acquiring One Medical

https://www.bloomberg.com/news/articles/2022-08-24/amazon-plans-to-shut-down-primary-care-and-telehealth-service

Moritz | InvestmentWiki.org — 10/28/2022 8:07 AM

Good to see Amazon falling given our interest in it. Also wonder how much hints regarding the state of the economy we can get from its numbers @MagalyNH6 Amazon stock sinks 13% on weak fourth-quarter guidance

Moritz | InvestmentWiki.org — 10/31/2022 8:08 PM

I wonder how strongly the state of the (U.S.) economy correlates with Amazon numbers. @MagalyNH6 Key Takeaways: - Q4 Revenue is expected to be 140-148B, Analyst expected 155B. (1:30) - Q4 2021 Revenue stood at 137.5B. - Too much inventory in retail (2:30)

P:2 Based on Amazon marketshare we could probably get some insights into consumer spending. (Low priority background consideration)

Aron — 11/14/2022 5:24 PM

I=8, SI=2-3%?

  • Amazon reportedly planning to lay off more than 10,000 employees in corporate and technology roles beginning this week.
  • The layoffs layoffs would represent less than 1% of Amazon’s global workforce and 3% of its corporate employees.
  • Amazon had 798,000 employees at the end of 2019 but had 1.6 million full and part time employees as of Dec. 31 2021, a 102% increase.

Aron — 11/17/2022 1:34 PM

SI=1-2%, I=8

  • Amazon will trim the number of headcount through Voluntary severance program.
  • Employees who receive severance letters have until Nov. 29 to agree to resign, and their last day of employment will be Dec. 23.
  • Amazon will provide employees with a “lump-sum” severance payment equal to three months of pay, a weekly stipend for 12 weeks, plus one week of salary for every six months of tenure at the company.

MagalyNH6 — 01/05/2023 8:03 PM

  • Amazon said Wednesday it will cut more than 18,000 jobs, a bigger number than the e-retailer initially said it would be eliminating last year.
  • Tech companies are picking up in 2023 where they left off last year, preparing for an extended economic downturn. Salesforce said Wednesday it would reduce head count by 10%, impacting more than 7,000 employees. Both Amazon and Salesforce admitted they hired too rapidly during the Covid pandemic.

Moritz | InvestmentWiki.org — 01/06/2023 9:00 AM

Hmm do you think that’s relevant? Importantly Amazon employs 1.54m people. They are laying of 8.000 employees more than the previously communicated 10.000 employees. Which is 0.5% more. They approximately doubled their headcount since 2019 (1) adding 800.000 jobs. (1)

Aron — 02/02/2023 10:31 PM

SI=-5%, I=10

  • Amazon BEATS on fourth-quarter revenue but MISSED earnings estimate. Here are the highlights. Revenue: $149.2 billion vs $145.42 billion expected EPS: 3 Cents vs 18 cents per share expected Amazon Web Services: $21.4 billion vs $21.87 billion expected Advertising: $11.56 billion vs $11.38 billion expected
  • The company also gave weak revenue guidance for the current quarter. First-quarter revenue to come in between $121 billion and $126 billion, below $125.1 billion expected.

Aron — 03/20/2023 3:51 PM

Amazon Is Laying Off an Additional 9,000 Employees

https://www.bloomberg.com/news/articles/2023-03-20/amazon-is-laying-off-an-additional-9-000-employees

Aron — 04/13/2023 12:15 PM

Amazon CEO Andy Jassy releases annual shareholder letter: Read it here

(Source: Discord Archive | How to access Archive)

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Amazon reported better-than-expected Q3 2023 results. Here is a summary;

  • Amazon revenue rose 13% y/y to $143.1 billion (expectations: $141.4 billion), EPS was $0.94 vs. $0.58 estimate, ad revenue rose 26% y/y to $12.1 billion vs. $11.6 billion expected.
  • The company expects Q4 revenue to come in the range of $160 billion- $167 billion, whose mid-point $163.5 billion (+9.6% y/y) is below $166.6 billion expected by analysts.
  • Amazon e-commerce revenue rose 7% y/yin Q3 (Q2 2023: +4%), physical stores revenue rose 6% y/y (Q2 2023: +6%)

  • Its Prime Day Event held in July, was the biggest ever.

    “Outside of Prime Day, we continue to see strong demand across everyday essentials, including categories like beauty and health and personal care,” CFO Brian Olsavsky said in the earnings call.

    “I think that it’s interesting what’s happened in our ads business as if you look around the industry, most advertising-heavy companies have struggled growth-wise as the economy has been difficult. And while we see companies being more cautious on the ad side and the top-of-funnel products, things like display and a little bit of video, we’re still seeing a lot of strength in the lower-funnel ad products like sponsored products,” CEO Andrew Jassy said in the earnings call.

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