The Top 5 Amazon News Stories of the Week

Amazon news

Welcome to our weekly roundup of the top five Amazon news stories of the week.

Amazon offers employees $10K and 3 months’ pay to start their own delivery businesses: Sarah Perez at TechCrunch following news of Amazon’s plans to reduce Prime shipping down to one day, the company this morning announced an expansion of its Delivery Service Partner program, which now includes a new incentive that encourages existing Amazon employees to start their own package delivery company. Continue reading…

Amazon launches collection points at Next stores: BBC News reports that Amazon has launched a service for customers to collect parcels from pick-up points inside Next shops. The new service is called Amazon Counter, and Next said its participation would help the chain stay relevant in a tough retail environment. UK shops have been struggling with many pressures, including competition from online retailers such as Amazon. Continue reading…

Amazon is now selling Google’s Pixel 3A and 3A XL: Chris Welch at The Verge reports that for the first time ever, Amazon is directly selling one of Google’s Pixel phones — two of them, actually. The leading online retailer has begun offering the Pixel 3A and 3A XL at their respective $399 and $479 price points. These are “sold by” in the US, not by a third-party Amazon seller. Free shipping for Prime members applies. Continue reading…

Amazon started building its $1.5 billion airport, with Jeff Bezos taking the controls of a front loader to begin the work: Mark Hanbury at Business Insider reports that Amazon broke ground on its $1.5 billion airport development in Cincinnati, Kentucky. Amazon CEO Jeff Bezos made a surprise appearance at the opening, hopping aboard a front loader to lift the first pile of dirt. Amazon is taking further control of its shipping process to cut costs and speed up delivery times. Continue reading…

Amazon makes $1bn a month as growth slows: Dominic Rushe at The Guardian reports Amazon reported a profit of $3.6bn for the three months ending 31 March as sales reached $59.7bn. Profits were more than double last year’s and the company has now recorded four straight quarters in a row of record profits. Amazon’s growth, however, appears to be slowing, according to its latest earnings statement. In North American revenues grew 17% increase, compared with 46% growth last year, while international growth dropped to just 9%, down from 34% for the same period last year. Continue reading…

Quote of the week:
“No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.”
Warren Buffett

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Have a great weekend!

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