Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon says this Prime Day was its biggest shopping event ever with 100 million products sold: Lauren Thomas for CNBC.com reports that on Wednesday Amazon said that this year’s Prime Day was its “biggest in history” as Prime members purchased more than 100 million products during this year’s event. The Seattle giant did not provide specifics, and added it had more sign-ups for Prime on July 16 than any previous day in the company’s history. Amazon uses the discount celebration to grab new members and promote its products and services. Continue reading…
Netflix and Amazon become more popular than pay-TV services: Mark Sweney at theguardian.com has reported that Britain’s growing appetite for services such as Netflix and Amazon Prime has seen the number of subscribers to streaming services overtake those signed up to pay-TV providers such as Sky, BT and Virgin Media for the first time. The total number of UK subscribers to the three most popular online streaming services in the UK – Netflix, Amazon and Sky’s Now TV – hit 15.4 million at the end of the first quarter this year. At the same time, the number of subscribers to pay-TV packages reached 15.1 million, according to a report published by media regulator Ofcom. Continue reading…
JP Morgan says Amazon is a ‘top pick,’ recommends internet giant into its earnings report next week: Tae Kim writing at CNBC.com says that Amazon shares will keep surging even after its stunning rise so far this year, according to J.P. Morgan. The firm reiterated its overweight rating for Amazon shares, predicting the company will report sales above expectations for its second quarter. “Amazon is one of our top picks … Turning to the 2Q set-up, even at all-time highs we like AMZN shares into earnings as company fundamentals & industry trends remain strong,” analyst Doug Anmuth said in a note to clients Thursday. Continue reading…
Could Amazon Be Gearing Up to Accept Bitcoin? Nathan Reiff at Investopedia.com says that Of all of the mainstream companies, Amazon.com Inc. has perhaps seen the most speculation about its potential foray into the cryptocurrency space. In the past, rumours have swirled, particularly when news becomes available indicating that the e-commerce giant bought up digital currency-related domain names. It’s possible that the reason for all of the hype is that, given Amazon’s size, growth and influence over businesses across many different sectors, it could quickly and powerfully sway the digital currency game should it ever get involved. Continue reading…
Blue Origin Launch: Amazon’s Jeff Bezos launches rocket higher than he ever has before: Andrew Griffin at independent.co.uk writes that Jeff Bezos’s Blue Origin rocket company has shot a capsule into space higher than it ever has before. The test of the New Shepard rocket has been a roaring success after taking off from west Texas. And it also tested a innovative way of coming back down: a crew capsule that will allow potential astronauts to escape at any point during the flight, allowing them to flee in the case of emergencies. When the booster separated, that capsule’s escape motor fired, lifting the spacecraft to an altitude of 389,846ft – or 74 miles. Continue reading…
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