amazon
Online retailer Amazon on Thursday disappointed Wall Street with its outlook for the current quarter, causing shares to fall by more than 4% in after-hours trading. Amazon forecasted net sales of between $154 billion and $158.5 billion for the current quarter, falling short of analysts' average expectation of $158 billion. In the second quarter, Amazon's net sales increased by 10% year-on-year to around $148 billion, also below market expectations. However, the company exceeded estimates with its cloud division AWS, with sales increasing by 19% to $26.3 billion, surpassing analysts' forecast o...
DPA International
Italy has imposed a provisional fine of €121 million ($131 million) on the US retail giant Amazon on suspicion of tax evasion. The responsible police authority in Milan justified this with the results of investigations by the public prosecutor's office, which indicated that Amazon diverts large sums from taxes by assigning shipping orders through an intricate system to subcontractors. This is said to be associated with the systematic exploitation of workers, the authority said. According to the authorities, the sum was seized through a so-called emergency ordinance. In their statement, there i...
DPA International
The European Commission is calling on the US internet giant Amazon to provide more information on the transparency of certain recommendation systems used by the shopping platform. The systems use artificial intelligence, for example, to collect data from consumers and recommend additional products. The commission has now submitted a request for information on the basis of the EU's Digital Services Act. The US company must also clarify what options it offers users to opt out of the creation of profiles for such recommendation systems. Amazon said it will examine the application and work closely...
DPA International
Amazon marked its 30th anniversary on Friday as a two-trillion-dollar company, capping a remarkable rise from the online bookseller it was founded as, inside a garage in the early days of the internet. Founder Jeff Bezos stepped down as chief executive in 2021, but he remains the executive chair and largest shareholder of a company now known as an e-commerce and cloud computing giant. Since its foundation as a bookseller, the company has grown into an online retail heavyweight where consumers can buy almost anything. It has also expanded, making many of its own products that it sells online, i...
DPA International
Glances heavy with youthful longing, cliques of friends chatting by the school lockers, first love, bullying and the search for identity - the teen experience is topping the streaming charts these days. Viewers young and old alike are eager to see young embraces, intrigue and ambition, from British teen comedy drama "Sex Education" to Germany's latest addition to the long list of international teen shows, "Maxton Hall". It's a six-part series about Ruby Bell, who comes from a humble background and ends up at the elite college of Maxton Hall thanks to a scholarship. She suddenly finds herself a...
DPA International
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