Amazon Adding 125,000 Workers in U.S., Opening Dozens of Facilities

Amazon Stock Loses $130 Billion In Market Value After $885 Million Fine And Disappointing Earnings Report

Shares of Amazon fell as much as 8% Friday after the e-commerce juggernaut disclosed a massive fine from European regulators for allegedly breaking regional privacy laws and posted second-quarter earnings results that failed to meet Wall Street expectations, putting the longtime market leader on track for its worst day in more than a year.

Key Facts

As of 11:15 a.m. EDT, Amazon stock has plunged 7% Friday to about $3,349.50, pushing the firm’s market capitalization down below $1.7 trillion and wiping out nearly $130 billion from a closing level above $1.8 trillion Thursday.

Ushering in the massive losses, Amazon posted second-quarter revenue after Thursday’s market close of $113.1 billion—up 27% year over year, but falling short of average analyst expectations totaling $115 billion.

Despite soaring more than 48%, net income of more than $7.7 billion also fell slightly short of estimates, which called for about $7.8 billion.

The stark decline also comes after Amazon disclosed a $885 million (746 million euros) fine, levied on July 16, by the Luxembourg National Commission for Data Protection, which claims Amazon’s processing of personal data did not comply with European regulations.

In the filing, Amazon, which in a statement asserts no data breach has occurred, said it believes the watchdog’s decision is “without merit” and that it intends to appeal the ruling and defend itself “vigorously” in the matter.

Amazon’s Friday plunge puts it on track for its worst one-day decline since the height of pandemic uncertainty tanked the broader market in March 2020.

Crucial Quote

“Consumers’ online shopping levels are returning to more normal levels as they shift some spending to other entertainment sources and offline shopping,” Morningstar analyst Dan Romanoff said in a Friday note. “Meanwhile, the company continues to add capacity [and costs] at a breakneck pace in order to meet customer demand and one day delivery,” Romanoff added, pointing out Amazon has already nearly doubled its footprint during the last 18 months.

Surprising Fact

Shares of Amazon are now down more than 10% from a record closing high of $3,719 earlier this month.

Tangent

Amazon far underperformed the broader market Friday. The Dow Jones Industrial Average, which doesn’t include Amazon, ticked down just 0.2%, while the S&P 500, which counts the retail giant as its third-largest component, fell 0.4%.

Chief Critic

“Maintaining the security of our customers’ information and their trust are top priorities. There has been no data breach, and no customer data has been exposed to any third party. These facts are undisputed,” Amazon said in a statement Friday. “The decision relating to how we show customers relevant advertising relies on subjective and untested interpretations of European privacy law, and the proposed fine is entirely out of proportion with even that interpretation.”

Further Reading

Amazon hit with $886m fine for alleged data breach (BBC)

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I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com. And follow me on Twitter @Jon_Ponciano

Source: Amazon Stock Loses $130 Billion In Market Value After $885 Million Fine And Disappointing Earnings Report

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Critics:

With technology stocks garnering renewed scrutiny, it’s helpful to take a look back at one company that has weathered some of the most severe market downturns and serious doubts from Wall Street: Amazon. Betting on the online bookstore wasn’t always a sure thing. Amazon’s journey from tiny garage start-up to one of the most valuable companies in the world has paid off for investors, but shareholders needed a strong stomach.“Earth’s Biggest Bookstore”

In the early 1990s, Jeff Bezos walked away from a Wall Street career with an outlandish idea to sell books on the World Wide Web. In 1994, he launched Amazon.com. “I found this fact on a website that the web was growing at 2,300 percent per year,” Bezos told CNBC in a 2001 interview about his early foray into book selling. “The idea that sort of entranced me was this idea of building a bookstore online.”

The site experienced growth quickly, going public three years later with $16 million in revenue and 180,000 customers spanning more than 100 countries (according to its SEC filing). But even as the site began growing, many investors had their doubts about Amazon, instead favoring brick-and-mortar book-selling giant Barnes & Noble.

At an early meeting between Barnes & Noble Chairman Leonard Riggio and Bezos, Riggio reportedly told Bezos he would “crush” Amazon. Barnes & Noble dwarfed the young start-up. The traditional bookseller had hundreds of stores and more than $2 billion in revenue. It was also tapping into major Silicon Valley talent to built its own sleek new website.

On top of that, it was suing Amazon over the start-up’s claim to be “Earth’s Biggest Bookstore.” But for those who took a chance and bought Amazon stock at the initial public offering, their investment has returned a compound annual growth rate of 38 percent since the IPO – outperforming the S&P 500 which had a total return of 10 percent annually over the same period.

Tech stocks have been under renewed pressure in recent weeks as the markets have experienced volatility. From September to November, Amazon stock lost a quarter of its value as the wider tech sector took major hits. Some analysts say it’s a good time to buy in. Others say Amazon’s growth rate has hit a ceiling as the company enters maturity.

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Amazon Bitcoin Rumors Send The Cryptocurrency Surging Towards $40,000

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The crypto market seems to be finally getting out of the mid-summer doldrums. Bitcoin is 14% up from its Friday close, trading at $38,474 as of 6:48 a.m. ET, a price level not seen since mid-June. All major assets are also bouncing up. Ethereum is back above $2,000, trading at $2,354. Cardano and Dogecoin are the biggest movers in the top 10, up by 10.5% and 15% respectively. The broader market is returning 9.85% over the past 24 hours.

The surge began amid the swirling rumors that Amazon AMZN +1.2% is starting to move into crypto. On June 22, the company published a job posting for a ‘digital currency and blockchain lead’ and this weekend London-based business publication CityAM published an unconfirmed report (based on an anonymous ‘insider’), saying that Amazon could start accepting bitcoin payments “by the end of the year” and is investigating its own token for 2022. It also noted that the company was getting ready to accept payments in bitcoin, ether, cardano, and bitcoin cash.

Blockchain is no stranger to the retail and cloud computing giant – it was a member of the Forbes Blockchain 50 list in 2020 and 2019, offering services such as a toolkit on top of Amazon Web Services for clients to build permissioned blockchains, and is, in fact, the primary host for Infura, a middleware solution for nodes to access the Ethereum blockchain. However, the company has largely kept a firewall between itself and virtual currencies.

The rally gained further steam early Monday due to short squeezes among bitcoin bears. Thousands of traders liquidated $883 million in short positions overnight, according to data from Bybt, a cryptocurrency derivatives trading and information platform. Shorts on bitcoin accounted for $720 million, or 81% of those liquidations.

Bendik Norheim Schei, head of research at Norwegian crypto analytics firm Arcane Research, noted in a message to Forbes that  “this was the largest short liquidation (short squeeze) we have recorded to date.” He also speculated that Amazon rumors could have been a major catalyst behind the surge.

It remains unclear whether the rally could be sustained but analysts offer positive outlooks. “As simple as it might be to say, the bottom is in,” writes Maxwell Koopsen, senior copy editor at crypto exchange OKEx. “Now that resistance has formed at $40,000, it may either take substantiation to the claims of Amazon’s intentions or a strong show by the buyers at $34,000–$36,000.”

Follow me on Twitter or LinkedIn.

I report on cryptocurrencies and emerging use cases of blockchain. Born and raised in Russia, I graduated from NYU Abu Dhabi with a degree in economics and Columbia University Graduate School of Journalism, where I focused on data and business reporting.

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Amazon And Walmart Slug It Out For Retail Supremacy As Pandemic Boosts Sales For Both Giants

In 2020, the pandemic provided a powerful sales boost for both of retail’s two biggest companies. Walmart’s WMT +0.9% annual revenue last year rose 6.7% to $559.15 billion. It was the fastest top line growth in 12 years, and kept the Bentonville, Ark.-based behemoth in first place among the entire Global 2000 for total sales.

The surge was even stronger for Amazon.com AMZN +1.9%, which saw sales soar 37.6% to $386.06 billion in 2020, the second highest of any Global 2000 company on this year’s list. The jump was Seattle-based Amazon’s biggest year-over-year percentage revenue increase since 2011.

Walmart for now has the highest sales of any company in the Global 2000, but Amazon, currently ranked second, should overtake Walmart in revenue by the end of next year, according to analysts’ forecasts. Amazon’s overall Global 2000 ranking is already ahead of Walmart’s (No. 10 vs. No 18), and one three of the four criteria considered for company size: profits (No. 16 vs. No. 34); assets (No. 129 vs. No. 160); and market value (No. 4 vs. No. 17).

Thanks to buoyancy in its stock price, Amazon in 2020 became a trillion-dollar company by market capitalization. Amazon shares gained 41% for the year ending April 16, more than five times Walmart’s 8% return, and its $1.71 trillion market value is more than quadruple Walmart’s $396 billion.

The two titans of retail often battle to win business from the other, like in the lucrative grocery business, where Walmart enjoys a nearly 20% market share compared to 2% for Amazon, which owns the Whole Foods WFM 0.0% grocery chain. Walmart’s lead is under assault from Amazon and from local grocery stores using services like Instacart to leaning more heavily into online sales.

One initiative literally bearing fruit for Amazon is its growing number of Amazon Fresh AMZN +1.9% locations set up to peddle perishable products to grocery shoppers in a brick-and-mortar store. Walmart for its part is not standing still and expanding its presence in the online channel where sales surged 79% last year.

The third biggest retailer in the Global 2000 is China’s e-commerce giant, Alibaba Group Holding Ltd., which outranks both Amazon and Walmart in terms of profit, and whose market value of $658 billion exceeds that of Walmart. Overall, it’s the 23rd biggest company in the Global 2000. Although Alibaba is the heavyweight of online commerce in China, competition is fierce with rivals like JD.com, the world’s sixth biggest retailer with an overall rank in 2021 of No. 101, up sharply from No. 238 last year.

Business was brisk in 2020 for home improvement retailers, as both Home Depot HD -0.6% and Lowe’s moved up in overall ranking. The pandemic also helped to propel some new names from the retail world into the Global 2000, including Williams-Sonoma WSM +2.5% (No. 1319), Dick’s Sporting Goods DKS +3.4% (No. 1848), and Big Lots BIG +3.5% (No. 1848).

I am the deputy editor of investing content for Forbes Media. I’m responsible for money and investing coverage on Forbes.com and in Forbes magazine. As editor of the Forbes Dividend Investor newsletter service, I send out two dividend stock recommendations per week and send out weekly updates with the best 25 current buys. I’m also a Senior Editor for Forbes Newsletter Group, including its virtual events business, Forbes iConferences. Prior to joining the company, I spent five years with CNN Financial News working with Lou Dobbs, where I produced long-form pieces and reported on management, entrepreneurship and financial markets. I’ve also worked for Bloomberg TV and Inc. Magazine.

Source: Amazon And Walmart Slug It Out For Retail Supremacy As Pandemic Boosts Sales For Both Giants

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More Contents:

U.S. shares bounce Friday, however are nonetheless down for the week – MarketWatch

Hole Inc. inventory outperforms market on sturdy buying and selling day – MarketWatch

Coronavirus: Moderna touts effectiveness of booster shot towards some Covid variants – because it occurred – Monetary Occasions

U.S. shares bounce Friday, however are nonetheless down for the week – MarketWatch

Amazon Facing Calls From Civil Rights Groups To Permanently Ban Police Use Of Facial Recognition As Deadline Approaches

Amazon

Civil rights groups are calling on Amazon to permanently ban use of its facial recognition software, as an approaching deadline looms on the future of the technology.

In an open letter addressed to Amazon CEO Jeff Bezos and incoming CEO Andy Jassy, 44 civil rights groups pointed to ongoing instances of police violence against the Black community as evidence that Amazon should stop selling facial recognition technology to law enforcement. “As a company, Amazon has a choice to make: Will you continue to profit from selling surveillance technology to law enforcement? Or will you stand for Black lives and divest from giving law enforcement these harmful tools?” said the letter, which was published Monday.

After national protests that followed the death of George Floyd last year, Amazon followed Microsoft and IBM in stopping the sale of its facial recognition technology to law enforcement. However, unlike IBM, which abandoned its program, and Microsoft, which indefinitely suspended police use of its facial recognition until a federal law is introduced, Amazon opted to impose a one-year ban to  “give Congress enough time to implement appropriate rules” to govern the use of the technology.

While some cities have imposed bans on facial recognition technology being used by police departments, the technology isn’t regulated by federal authorities. Amazon has yet to say whether it will continue its moratorium after it expires next month, or lift the ban and sell the technology to law enforcement.

“They did share that they are committed to standing with the Black community and standing for racial justice,” says Jennifer Lee, technology and liberty project manager at the ACLU in Washington State, where Amazon is headquartered. “If they’re going to do that they need to permanently divest from selling facial recognition technology and cease involvement with police and law enforcement.”

Amazon didn’t respond to requests for comment. However, the Seattle-based giant is pushing against shareholder calls for more transparency around the use of its facial recognition software, called Rekognition.

Ahead of the company’s annual general meeting on May 26, one shareholder proposal is calling for an independent third-party audit on the risks linked with government use of Rekognition, citing calls of more than 70 civil rights organizations to stop selling the technology, who said it contributed to “government surveillance infrastructure.” Another shareholder proposal is calling for an independent report on how Amazon conducts due diligence on its customers, including law enforcement agencies that use Rekognition.

In a proxy memo filed with the Securities and Exchange Commission, Amazon said that it has “conscientiously acted to review and address the concerns expressed in the proposal and transparently provided information regarding our actions to the public” and that it is actively engaged in policy debates around facial recognition regulation.

Amazon introduced Rekognition, a cloud-based technology that uses artificial intelligence and machine learning to identify people and objects in photos and video, in 2016. But the technology became a lightning rod for civil rights groups and anti-surveillance advocates after researchers at MIT found it identified gender of certain ethnicities less accurately than similar products made by Microsoft and IBM.

(Amazon said the MIT findings were “misleading and drawing on false conclusions” and asserted that its own tests had found no such inaccuracies.) After it was revealed the company pitched the software to the Immigration and Customs Enforcement agency, hundreds of Amazon employees sent an internal letter to CEO Jeff Bezos stating that they “refuse to contribute to tools that violate human rights.”

The heightened awareness around racial equality and concerns about police surveillance are making such shareholder proposals harder to ignore for institutional investors. Glass Lewis, a proxy advisory firm, issued a report last week recommending investors vote in favor of both shareholder proposals about Rekognition, given the previous controversies linked to the software, and the fact that no federal regulations appear set to pass before the moratorium passes.

“We have to draft these proposals in a way to get them on the ballot, so we go with a softer approach,” says Brianna Harrington, shareholder Advocacy Coordinator at Harrington Investments, which is bringing the proposal calling for an audit of risks linked to government use of Rekognition. “In a perfect world they’d stop selling the technology.”

Follow me on Twitter or LinkedIn. Send me a secure tip.

I’m a staff reporter at Forbes covering tech companies. I previously reported for The Real Deal, where I covered WeWork, real estate tech startups and commercial real estate. As a freelancer, I’ve also written for The New York Times, Associated Press and other outlets. I’m a graduate of Columbia Journalism School, where I was a Toni Stabile Investigative Fellow. Before arriving in the U.S., I was a police reporter in Australia. Follow me on Twitter at @davidjeans2 and email me at djeans@forbes.com

Source: Amazon Facing Calls From Civil Rights Groups To Permanently Ban Police Use Of Facial Recognition As Deadline Approaches

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In July 2018, the A.C.L.U. ran a study that it said matched the headshots of 28 members of Congress to mugshots of known criminals. A secondary test performed by the M.I.T. Media Lab in January 2019 and reported by The New York Times found that Recognition had a hard time identifying female faces and the faces of dark-skinned individuals. Representatives from Amazon, however, pushed back against those claims, saying both the A.C.L.U. and M.I.T. Media Lab studies didn’t use the Recognition technology properly.

The company also issued a lengthy response statement on how it uses Recognition. Lawmakers and other tech companies, though, are calling for greater oversight over the technology. The response to facial recognition Ahead of Amazon’s shareholders meeting, the San Francisco Board of Supervisors voted to ban the use of facial recognition technology by law enforcement groups, while Massachusetts currently has a bill seeking to put a moratorium on the tech in committee.

Microsoft (MSFT) President Brad Smith has said that his company rejected the sale of its own facial recognition technology to a police department out of fear that it would disproportionately impact women and minorities. Smith said that the technology had primarily been trained with white males, and, as a result, wouldn’t have been accurate. The company also denied the sale of its tech to a foreign country. Google (GOOG, GOOGL), meanwhile, has chosen not to sell its technology at all. For more on Yahoo Finance’s and Dan Howley’s coverage of this story please click: https://finance.yahoo.com/news/amazon…

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The biggest impact of the Gates divorce may have nothing to do with the Gates Foundation

A leaked Walmart memo highlights the daunting challenges facing the world’s largest retailer

Join the Vox Book Club!

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Amazon Posts $108.5 Billion In Sales, Smashing Expectations In Best First Quarter Ever

Blue Origin founder Jeff Bezos gives an update on their progress and share their vision of going to space to benefit Earth.

Ecommerce juggernaut Amazon reported its best first-quarter sales ever Thursday after the market closed, beating out analyst expectations and tacking on to a slew of recent blockbuster reports from big-tech giants as stocks climb to new highs.

Key Facts

Seattle-based Amazon reported revenue of $108.5 billion in the first quarter, surging 44% year over year and beating out analyst expectations of $104.5 billion.

Boosted by stimulus checks and improving sales of Amazon Web Services (AWS), net income hit $15.79 per share, or roughly $8.1 billion—eclipsing expectations of $9.54 per share and more than tripling from $2.5 billion one year ago.

The release marks Amazon’s second-biggest quarter ever for sales, behind only the $125.6 billion nabbed in last year’s fourth quarter thanks to a later-than-usual Prime Day and the pandemic holiday season.

Amazon shares jumped 5% in after-hours trading immediately after the announcement; the stock ticked up 0.4% Thursday, lifting its year-to-date gain to about 9%—lower than the tech-heavy Nasdaq’s 11% increase.

Crucial Quote

“In just 15 years, AWS has become a $54 billion annual sales… business competing against the world’s largest technology companies, and its growth is accelerating—up 32% year over year,” Amazon Founder and CEO Jeff Bezos said in the earnings release, touting the fast-growing segment that analysts expect will drive the bulk of Amazon’s future growth. “Companies from Airbnb to McDonald’s to Volkswagen come to AWS because we offer what is by far the broadest set of tools and services available, and we continue to invent relentlessly on their behalf.”

Key Background

Now worth an estimated $202 billion, Jeff Bezos started Amazon as an online bookseller operating out of his Seattle garage in 1994, and the company has since grown to become one of the world’s most valuable companies with businesses spanning cloud storage, video streaming, groceries and more.

Last year, about 56% of Amazon’s $386 billion in total sales came from products sold on the platform, while the rest came from services like AWS, Amazon Prime and advertising. In February, Amazon announced Bezos would step down as CEO in the third quarter after 27 years at the company’s helm, ceding the position to AWS CEO Andy Jassy—a sign the company could double-down on its quickly growing service offerings.

What To Watch For

Amazon’s first-quarter earnings call is at 5:30 p.m. EDT Thursday. Forte says he’ll be listening for details on “heir apparent” Jassy’s leadership transition, potential government regulation, the Alabama vote against unionization and costs incurred as a result of the Covid-19 pandemic.

Big Number

$3,993. That’s how high analysts think Amazon shares can go over the next year, according to Bloomberg data, implying that the stock could soar about 14% from current prices of about $3,474.

Surprising Fact

A booming pandemic rally helped Amazon shares nearly double since the start of last year, creating the nation’s third-largest company with a market capitalization of nearly $1.8 trillion.

Tangent

“Last year, Amazon lost sales to competition—including Walmart, Target, eBay and others—because it couldn’t keep up with demand, and it made a strategic decision to emphasize essentials during the start of the pandemic,” Tom Forte, a senior research analyst at investment bank D.A. Davidson said in a pre-earnings note. “Since then, it has ramped up staffing and fulfillment-center square footage and, in our view, is better positioned to recapture those sales.”

I’m a reporter at Forbes focusing on markets and finance. I graduated from the University of North Carolina at Chapel Hill, where I double-majored in business journalism and economics while working for UNC’s Kenan-Flagler Business School as a marketing and communications assistant. Before Forbes, I spent a summer reporting on the L.A. private sector for Los Angeles Business Journal and wrote about publicly traded North Carolina companies for NC Business News Wire. Reach out at jponciano@forbes.com.

Source: Amazon Posts $108.5 Billion In Sales, Smashing Expectations In Best First Quarter Ever

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Further Reading

Earnings Preview: What To Expect From Amazon On Thursday View Article (Forbes)

Jeff Bezos To Step Down As Amazon CEO (Forbes)

Jeff Bezos Is Once Again Worth A Staggering $200 Billion (Forbes)

Amazon to hike wages for over 500,000 workers (CNBC)

Trending News

Jeff Bezos’ Amazon Could End Up Bankrupt For These Reasons, According To Specialist

Right now, Jeff Bezos is the richest man in the world thanks to Amazon , his leading online sales company. However, retail expert Doug Stephens predicts that the giant could fall over the next decade, even going bankrupt.

On his Business of Fashion corporate page, Retail Prophet’s founder and advisor to some of the world’s most respected brands predicts “the end of Amazon.”

“I think that in ten years Amazon is going to decline and these are just some of the reasons,” Stephens wrote.

Amazon follows in Walmart’s footsteps

One of the reasons for the possible bankruptcy of the online trading platform would be that it is following the same patterns as other companies. Stephens gives Walmart an example.

“Between 1962 and the early 2000s, Walmart led the retail business, beating out dozens of competitors large and small. By 2010, Walmart had opened a staggering 4,393 stores, of which more than 3,000 opened after 1990, ” explains the expert.

After suffering a big drop in sales in 2015, Walmart has failed to take off in online retail. “The decline of the once impenetrable giant has shown that even the most titanic companies can fall,” Stephens said.

Amazon offers efficiency, but no shopping experience

The specialist considers it dangerous that Bezos intends to maintain the same long-term operating model. “In our retail business, we know that customers want low prices, and I know that is going to be true 10 years from now. They want fast delivery; they want a wide selection, “ said the tycoon in statements taken up by Business of Fashion.

However, Stephens believes that people don’t just buy because they want the products as quickly as possible. They also want the full shopping experience : getting out of the house, touching the products, comparing them with each other, trying new things or getting inspired. In that sense, the disadvantage of Amazon is limited to online purchases.

Focus on customer service will be lost

When a company has a powerful leader like Jeff Bezos at the helm, it would hardly function without him. The expert predicts that, as Amazon continues its expansion, the figure of Bezos could dissipate or disappear. Then it would be possible that you lose your initial mission, which is customer satisfaction, to prioritize the optimization of processes based on figures and data.

He also anticipates that the company will innovate less. “The energy, once directed to improving the business, will be depleted in simply working to maintain the organizational infrastructure ,” Stephens noted.

See also: See why Jeff Bezos will increase his fortune thanks to the arrival of Airbnb to Wall Street

Dough Stephens cites other reasons for Amazon’s potential downfall , such as the rumored toxic work environment and the migration of current partners to other,

friendlier delivery platforms.

The combination of these factors could cause Amazon to suffer losses over the next decade and be replaced by another similar company that offers better conditions for partners, workers and customers.

By: Entrepreneur en Español Entrepreneur Staff

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Foundation for Economic Education

Support Out of Frame on Patreon: https://www.patreon.com/OutofFrameShow Watch our newest video, “The Social Dilemma Is Dangerously Wrong… Part II”: https://youtu.be/pOYxN_a7zL4 Check out our podcast, Out of Frame: Behind the Scenes: https://www.youtube.com/channel/UCiS5… Bob thinks we should just confiscate all the wealth from all the billionaires in America to pay for government programs. But even if that were possible… would it even work? ______________________________ CREDITS: Written by Seamus Coughlin & Jennifer Maffessanti Animated by Seamus Coughlin Produced by Sean W. Malone

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Prime Day Is Over: Here Are The 35 Best Deals You Can Still Shop Today

Here’s some good news for anyone who missed the boat on Amazon Prime Day deals. Although Prime Day ended late last night, many deals on products have not. There are still some outstanding Amazon deals to be had across all categories, from tech devices to beauty — and now these discounts are available to everyone, not just Prime members.

Eagle-eyed shoppers will notice that now in place of “Prime Day Deals” there’s a category called “Holiday Deals” — that’s right, Amazon is sliding Prime Day right into the holiday shopping marketing push. But don’t be totally fooled by the company’s “Holiday Deals” promise. Several items seem to be included for their everyday low price, rather than an actual discount. There are also a number of sold-out items still floating around, like the 3rd generation Echo Dot, which was one of the most popular deals this week.

Nonetheless, I’ve scanned hundreds of on-sale items to find you some of the best options. See my favorite 16 Amazon deals you can shop now below.

The Best Amazon Deals Still Going Strong After Prime Day

Nokia 5.3 Fully Unlocked Smartphone
Amazon

Nokia 5.3 Fully Unlocked Smartphone

Deal Duration: Now through October 18

Fujifilm Instax Mini 11 Instant Camera
Amazon

Fujifilm Instax Mini 11 Instant Camera

Philips Sonicare HX9690/05 ExpertClean 7500 Bluetooth Rechargeable Electric Toothbrush
Amazon

Philips Sonicare HX9690/05 ExpertClean 7500 Bluetooth Rechargeable Electric Toothbrush

YI 4pc Home Camera, 1080p Wireless IP Security Surveillance System
Amazon

YI 4pc Home Camera, 1080p Wireless IP Security Surveillance System

Roku Premiere | HD/4K/HDR Streaming Media Player
Amazon

Roku Premiere | HD/4K/HDR Streaming Media Player

Kasa Smart Plug Mini
Amazon

Kasa Smart Plug Mini

KODAK Smile Instant Digital Bluetooth Printer
Amazon

KODAK Smile Instant Digital Bluetooth Printer

LG 24MK600M-B 24'' Full HD IPS Display
Amazon

LG 24MK600M-B 24” Full HD IPS Display

Sony a7R II Full-Frame Mirrorless Interchangeable Lens Camera
Amazon

Sony a7R II Full-Frame Mirrorless Interchangeable Lens Camera

SAMSUNG 65-inch Class QLED Q800T Series
Amazon

SAMSUNG 65-inch Class QLED Q800T Series

Kasa Smart Light Switch by TP-Link
Amazon

Kasa Smart Light Switch by TP-Link

Samsung Galaxy Watch Active (40mm, GPS, Bluetooth) Smart Watch with Fitness Tracking
Amazon

Samsung Galaxy Watch Active (40mm, GPS, Bluetooth) Smart Watch with Fitness Tracking

Sony X900H 55 Inch TV: 4K Ultra HD Smart LED TV with HDR
Amazon

Sony X900H 55 Inch TV: 4K Ultra HD Smart LED TV with HDR

Sunday Riley Power Couple Kit
Amazon

Sunday Riley Power Couple Kit

Apple AirPods Pro
Amazon

Apple AirPods Pro

JBL Boombox - Waterproof Portable Bluetooth Speaker
Amazon

JBL Boombox – Waterproof Portable Bluetooth Speaker

Prime Day Deal Certified Refurbished Ring Video Doorbell Pro
Amazon

Certified Refurbished Ring Video Doorbell Pro with Certified Refurbished Echo Show 5 (Charcoal)

AquaSonic VIBE Series Ultra Whitening Pink Electric Toothbrush
Amazon

AquaSonic VIBE Series Ultra Whitening Pink Electric Toothbrush

JBL gaming headphones prime deal
Amazon

JBL Quantum 300 – Wired Over-Ear Gaming Headphones with JBL Quantum Engine Software – Black

AstroAI Mini Fridge 6 Liter/8 Can Skincare Fridge for Bedroom
Amazon

AstroAI Mini Fridge 6 Liter/8 Can Skincare Fridge for Bedroom

Tuft & Needle Mattress Topper, Queen, Grey
Amazon

Tuft & Needle Mattress Topper, Queen, Grey

Facial steamer
Amazon

Facial Steamer SPA+ by Microderm GLO

uncaptioned
Amazon

KOIOS Air Purifier, Desktop Air Cleaner with 3-in-1 True HEPA Filter

Prime members can save an additional $8 on this item; for everyone else it is priced at $54.

Nebula Capsule II Smart Mini Projector, by Anker
Amazon

Nebula Capsule II Smart Mini Projector, by Anker

Klipsch sub woofer deal
Amazon

Klipsch Synergy Black Label Sub-100 Subwoofer

GOKOO smart watch
Amazon

GOKOO Smart Watch Fitness Tracker for Home Health

Sony 55 Inch TV
Amazon

Sony XBR-55A9G 55 Inch TV: MASTER Series BRAVIA OLED 4K Ultra HD Smart TV with HDR and Alexa Compatibility

Marshall Kilburn II Portable Bluetooth Speaker - Black (1002634)
Amazon

Marshall Kilburn II Portable Bluetooth Speaker – Black (1002634)

Microsoft Surface Pro 7 Laptop
Amazon

Microsoft Surface Pro 7 Laptop

Spritz Deluxe Warm Water Bidet Attachment (Black) – Non-Electric Bidet Toilet Sprayer – Feminine Wash – Self-Cleaning Bidet – Warm & Cold Water
Amazon

Spritz Deluxe Warm Water Bidet Attachment (Black) – Non-Electric Bidet Toilet Sprayer – Feminine Wash – Self-Cleaning Bidet – Warm & Cold Water

Calphalon BVCLECMP1 Temp iQ Espresso Machine with Steam Wand, Stainless
Amazon

Calphalon BVCLECMP1 Temp iQ Espresso Machine with Steam Wand, Stainless

stationary bike deal
Amazon

Marcy Recumbent Exercise Bike with Resistance ME-709

Ayesha Curry's Cookbook
Amazon

Ayesha Curry’s Cookbook — The Full Plate: Flavor-Filled, Easy Recipes for Families with No Time and a Lot to Do

Loeffler Randall Women's Bridget-SFY Fashion Boot, Black
Amazon

Loeffler Randall Women’s Bridget-SFY Fashion Boot, Black

Ciannah Gin

By: Ciannah Gin

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Best AMAZON PRIME DAY Deals 2020! *shop now* For links to everything mentioned and shown in this video, click SHOW MORE! HAPPY AMAZON PRIME DAY!! In this video, I share all of the best Amazon Prime Day Fashion Deals! It’s a great time to shop for yourself or for the holidays!! ♡ SUBSCRIBE TO MY CHANNEL (It’s free!): http://bit.ly/2jly5Nd ♡ INSTAGRAM: https://www.instagram.com/shea.whitney/ ♡ FACEBOOK: https://www.facebook.com/SheaWhitneyS… ♡ TIKTOK: @SheaWhitney22 ———————————— AMAZON PRIME DAY is October 13th & 14th this year! Sign-Up to be Amazon Prime Member: https://amzn.to/3jUlJXL ⭐️⭐️⭐️SHEA’S TOP PICKS⭐️⭐️⭐️ BEST Women’s Fashion Deals: https://www.amazon.com/shop/sheawhitn… BEST Men’s Fashion Deals: https://www.amazon.com/shop/sheawhitn… BEST Beauty Deals: https://www.amazon.com/shop/sheawhitn… BEST Home Deals: https://www.amazon.com/shop/sheawhitn… BEST Kitchen Deals: https://www.amazon.com/shop/sheawhitn… BEST Tech/Electronic Deals: https://www.amazon.com/shop/sheawhitn… ⭐️SHEA’S AMAZON STOREFRONT: https://amzn.to/3iVyikz (All my FAVORITE Amazon products in one place…Follow me!) ⭐️ADIDAS – Up to 30% off Solid Striped Tee: https://amzn.to/3jOpyxM Patterned Logo Tee: https://amzn.to/3dlbdqc Leggings: https://amzn.to/2SSf6cA Logo Sweatshirt: https://amzn.to/3lGwkGw Track Jacket: https://amzn.to/3iT7Dor ⭐️LEVI – Up to 40% off 711 Skinny Jeans: https://amzn.to/3nDaWDI Mile High Skinny Jeans: https://amzn.to/3doksFW 311 Shaping Skinny Jeans: https://amzn.to/3j1ClvP High-Rise Straight Leg: https://amzn.to/3dl6i8J Ribcage Jeans: https://amzn.to/3nGuhUC Black Denim Jacket: https://amzn.to/3nUe7aq Beige Sherpa Jacket: https://amzn.to/3nL7VRJ Denim Shirt: https://amzn.to/36YcPVG ⭐️CALVIN KLEIN UNDERWEAR – Up to 35% off Logo Underwear: https://amzn.to/2SPubvK Logo Thongs: https://amzn.to/34QwkwD Logo Sports Bra: https://amzn.to/3dsDRWr Nude Seamless Thongs: https://amzn.to/33SCu0c ⭐️COLUMBIA – Up to 40% off Fleece Jacket: https://amzn.to/33QzocP Rain/Wind Jacket: https://amzn.to/3jUd4Vx ⭐️SMART WATCHES – Up to 45% off Kate Spade: https://amzn.to/2GRu40f Fossil: https://amzn.to/34K2Pwo ⭐️ALDO – Up to 30% off Black Chelsea Boots: https://amzn.to/3jT6M8H Black Ankle Boots: https://amzn.to/34N9Ix8 Cognac Flats: https://amzn.to/3735kwH ⭐️LACOSTE – Up to 25% off Crewneck Sweatshirt: https://amzn.to/3nRCGVx ⭐️RAY-BAN SUNGLASSES – Up to 20% off Classic Aviators: https://amzn.to/3nKh5yc Classic Gradient Aviators: https://amzn.to/311Hde6 Black Round Sunglasses: https://amzn.to/30YOifx Black Square Sunglasses: https://amzn.to/311GaLc OR https://amzn.to/313j6Ma Oval Sunglasses: https://amzn.to/3iOMfAx Tortoise Shell: https://amzn.to/2SPDvje ⭐️AMAZON BRAND ESSENTIALS My FAVORITE Leggings: https://amzn.to/34Sylsf Joggers: https://amzn.to/34QCfBX Fleece Jacket: https://amzn.to/3lyprqG Shearling Sherpa Pullover: https://amzn.to/36XBKc0 Faux Leather Jacket: https://amzn.to/311uYOw Trench Coat: https://amzn.to/34PXT9n Black Mules: https://amzn.to/310M3by Turtleneck Sweater: https://amzn.to/3711u7e ALL Amazon Essentials Deals: https://amzn.to/34QnWgN ⭐️UNDER ARMOUR – Up to 30% off Ultra No-Show Socks: https://amzn.to/2FnUXYU Long-Sleeve Cold Protection Shirt: https://amzn.to/3nFawgh Leggings: https://amzn.to/3iROyTx Fleece Sweatpants: https://amzn.to/2IpcwZU Backpack: https://amzn.to/36Z5R2I

Walmart’s Interest In TikTok’s Ad Business Shows Its Ambitions To Take On Amazon

After Oracle confirmed reports that it won a bid to partner on TikTok’s US business, Walmart said it remains interested in a joint deal to buy TikTok’s US business, which has been under intense scrutiny from the Trump administration. Walmart and Microsoft view the possible acquisition as a way to compete against e-commerce giant Amazon. Walmart cited TikTok’s small but growing ad business as part of the reason why it’s interested in TikTok.

“The way TikTok has integrated e-commerce and advertising capabilities in other markets is a clear benefit to creators and users in those markets,” Walmart said earlier in a statement to Business Insider. “We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators.”

It’s not clear how much of an impact TikTok would have on Walmart’s advertising business, but the hot video app has been making inroads with big ad agencies and brands that want to reach its lucrative Gen Z audience. TikTok also recently launched a self-serve ad platform, which could in theory help Walmart attract a new group of advertisers outside of its core consumer-packaged-goods advertisers.

Walmart declined to comment further on both its bid with Microsoft to acquire TikTok and its advertising business.

Walmart has made a big push into advertising over the past year, poaching talent from large media companies and agencies. After splitting from longtime agency Triad, Walmart has been building an ad business in-house that rivals Amazon’s growing ad business by selling ads to consumer-packaged-goods brands and others that place ads on Walmart’s app and website.

Business Insider recently spoke with five e-commerce agencies and adtech companies about how Walmart’s ad business stacks up against Amazon. They said that while Walmart is ramping up its advertising business, it’s significantly smaller and less sophisticated than Amazon’s.

Curtis Rummel, lead client strategist at e-commerce agency Marketplace Strategy, estimated that clients put 5% to 10% of the budgets that are spent advertising on Amazon with advertising on Walmart. He added that Walmart pitches its advertising business as the company starting from scratch with limited features, even though Walmart had its advertising business Walmart Media Group for years through the now-defunct, WPP-owned ad agency Triad Retail.

“It’s probably not going to be a huge 2020 opportunity but it will probably be 2021 or 2022 when we start to see it pick up pace,” he said.

Advertisers say that they want similar measurement on Walmart and Amazon

In January, Walmart formally launched a self-serve ad platform and API that lets advertisers and a small group of adtech companies buy and manage campaigns on their own. In July, Walmart rolled out a measurement tool that tracks how online ads drive in-store and e-commerce sales.

Rummel said that Amazon’s reporting tools are limited and built using old software, which could give Walmart an opportunity to provide better tools to advertisers…..

Source:: Business Insider

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Amazon Has Finally Met Its Match

If there was a “stock of the century” award, Amazon (AMZN) would be the favorite. Since 2001, AMZN has rocketed above $3,300, turning every $1,000 into just shy of $600,000.Obviously, anyone who got into Amazon early and held on is living the high life and deserves a round of applause. But now, it’s time to come to terms with a sad truth: Amazon’s glory days are over.

Because it has finally met its match. And it’s all because of one simple reason: It finally has legitimate competition.

Below, I’ll show you the three companies—what I call the “anti-Amazon” alliance—all coming for Amazon’s throat. All are rapidly stealing key parts of Amazon’s business. And all will prove to be much better investments in the coming years… Recommended For You

There’s a New Challenger to Amazon Prime

Longtime RiskHedge readers know Walmart (WMT) is one of my favorite stocks on the planet. Walmart is America’s largest retailer. It sold more than half a trillion dollars-worth of goods through its stores last year!

And its new “secret weapon” Walmart+ could dethrone Amazon’s online dominance. Amazon launched its wildly popular Prime delivery service 15 years ago. Today there are more Prime subscribers than there are full-time workers in America!

Creating an “everyday goods” subscription with free delivery was genius. Why would members ever shop anywhere else when they can click a button and have practically anything show up on their doorstep in two days? In short, Prime transformed Amazon from an $18 billion internet retailer into a $1.5 trillion beast.

Walmart+ is a total game-changer. Walmart will sell over $75 billion-worth of goods through Walmart.com this year. In fact, it’s overtaken eBay to become America’s second-largest online seller.

The thing is, roughly 90% of sales still happen in-store. Walmart+ is going to transform Walmart into a true online behemoth.

The subscription will cost $98 a year, and include perks like unlimited same-day delivery, access to its new two-hour delivery offering, and discounts on fuel at Walmart gas stations. Clicking a button on Walmart.com and having groceries and other items show up on your doorstep the same day is huge.

Leading market research firm NPD Group tracks millions of online and in-store receipts. And its research shows 95% of US consumers shopped at a Walmart store last year. That’s roughly 225 million people.

I expect at least 10% of consumers will jump at the chance to sign up for Walmart+. And once these folks are “locked in,” they won’t want to shop anywhere else. In short, this will add hundreds of billions of dollars to Walmart’s value over the coming years. I believe the stock will double over the next 18 months.

An Army of Small Businesses Are Moving Online

Shopify (SHOP) is what I call the “anti-Amazon.” It helps entrepreneurs create and manage their own online stores.

Think of Shopify like an invisible partner that allows you to build your own brand. Regular RiskHedge readers know it now runs websites for over one million mom-and-pop shops.

There are 30 million small businesses in the US. These small businesses make up 99.9% of all companies in America. They are the beating heart of communities across the country. And according to IRS data, firms with less than $100,000 in annual sales raked in a combined $2.2 trillion last year.

Yet almost none of this happens online. A recent CNBC poll found almost half of small businesses don’t even have a website. And according to Gallup, two-thirds of mom-and-pop stores that sell online generate less than 10% of their sales on the internet.

But coronavirus lockdowns have sparked a once-in-a-lifetime shift. It forced tens of millions of businesses to close their doors for months. And the only way to keep cash coming in is to sell online.

In short, mom-and-pop shops moving online for the first time ever is the next great internet boom. And they’re choosing to sell through Shopify over Amazon. In 2012, it had just 42,000 merchants. Today, more than 1,000,000 businesses around the globe have set up an online store with Shopify.

This is the world’s most disruptive retailer that most investors aren’t paying attention to. It’s a stock to own for the next decade.

Here’s the Disruptor Amazon Can’t Compete With

Etsy (ETSY) is another member of the “anti-Amazon” alliance.

Etsy is an internet marketplace for artisans selling handcrafted, one-of-a-kind items. You’ll find everything from vintage jewelry… to solid wood picture frames… to custom wedding invitations on the website. It’s essentially a department store for craft goods.

In short, Etsy has become the “go-to” for artisans selling online. It currently has 65 million items you can’t find anywhere else. For example, my cousin recently bought my grandmother a family tree on Etsy. It was custom-made with all the grandkids’ names

And unlike buying stuff at big box stores, which is a chore, spending money on Etsy feels “good.” You can click on each item and read the story behind the person who made it. In short, it’s rewarding to know your dollars are going into the pockets of small businesses.

For example, my colleague just bought a $400 laundry rack on Etsy. He could have picked one up on Amazon for 50 bucks. When I asked why he bought one on Etsy he replied, “A woman in rural Maine handmade the rack. It feels good having it in my home.”

The Amazon machine simply can’t compete with this. In fact, becoming the “Amazon for artisans” is Etsy’s big opportunity. Roughly $5 billion worth of craft goods were sold through its marketplace last year. Yet the Association for Creative Industries shows folks in these markets spent $100 billion on handcrafted and unique products last year.

So Etsy has only realized 5% of its potential so far. It has years—even decades—of rapid growth left in the tank. As it helps millions of artisans sell their talents to the world, it’s sure to become an online titan. This is a stock that can double many times over in the coming years.

Amazon Won’t Dominate the Next 20 Years of E-Commerce

Amazon has been one of the most dominant, disruptive stocks over the past two decades. And it will continue to be a major force in online shopping. But its time as America’s undisrupted online king is drawing to a close.Disruptors like Walmart, Shopify, and Etsy are nipping at its heels. And I’m betting these three stocks will outperform Amazon over the coming years.

Stephen McBride

Stephen McBride

I’m a professional investor and the chief analyst at RiskHedge, a disruption research firm. My team and I hunt for under-the-radar “disruptive” companies that are changing the world and making investors rich in the process. Get my latest analysis at RiskHedge.com.

Source: Forbes

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