Amazon Inc

 TikTok eyes US$17.5 bil shopping business on Amazon’s turf - THE EDGE SINGAPORE

Digital Economy

TikTok eyes US$17.5 bil shopping business on Amazon’s turf

ByteDance’s video app is fast expanding beyond advertising, as TikTok Shop seeks to significantly grow size of US business.

Tech

Amazon to invest US$12.7 bil in India cloud services by 2030

The US company’s cloud business already invested US$3.7 billion in the country from 2016 to 2022.
Amazon is closing its cashierless stores in NYC, San Francisco and Seattle - THE EDGE SINGAPORE

Tech

Amazon is closing its cashierless stores in NYC, San Francisco and Seattle

The affected stores will remain open until April 1, the company said Friday.

US Economy

Biden calls for antitrust measures to rein in power of Big Tech

Biden's comments marks the first time the word “antitrust” has been used in the State of the Union since 1979
Amazon plans to cut 10,000 jobs in largest-ever layoffs for e-commerce giant - THE EDGE SINGAPORE

US Economy

Amazon plans to cut 10,000 jobs in largest-ever layoffs for e-commerce giant

Amazon employed 1.54 million people at the end of September

Tech

Even tech giants can't escape the slowdown

The question for investors is how much of the slowdown is already reflected in stock prices.

Broker's Calls

FAANGM sector trading at ‘attractive valuations’ despite selloff: PhillipCap

Despite a selloff that saw the FAANGM grouping drop more than the NASDAQ and S&P500, PhillipCapital still remains positive on it.

Broker's Calls

PhillipCap maintains ‘overweight’ call despite regulatory risks for FAANGM increasing

PhillipCapital is optimistic on all the FAANGM stocks, giving "buy" ratings to almost all of them.
Amazon gets first 'sell' rating since 2020 - THE EDGE SINGAPORE

Broker's Calls

Amazon gets first 'sell' rating since 2020

Slowinski doesn’t any real catalyst in the near-term. He sees Alphabet as an emerging e-commerce play instead.
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