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Last $389.51 USD
Change Today +13.95 / 3.71%
Volume 5.0M
AMZN On Other Exchanges
Symbol
Exchange
Xetra
Mexico
NASDAQ GS
Sao Paulo
Bogota
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

amazon.com inc (AMZN) Key Developments

Amazon Web Services Opens New Office in Netherlands

Amazon announced the opening of an office in the Netherlands to support expansion of its Amazon Web Services and local customers. The office is an addition to its Development Center in the The Hague. The office will support businesses of all sizes adopting the cloud services. Existing customers in the Netherlands include Shell, Unilever, PostNL, Philips, WeTransfer and Wakoopa. Minister of Economic Affairs Henk Kamp and StartupDelta ambassador Neelie Kroes welcomed the AWS office, saying it will provide a new impulse for local companies and start-ups in the Netherlands.

Amazon.com Inc. Unveils Prime Now in Atlanta, Georgia

Amazon.com Inc. has announced the introduction of Prime Now in Atlanta, Georgia. The ultra-fast service, offered exclusively as a benefit to Prime members, provides one-hour delivery on tens of thousands of daily essentials through a mobile app. Prime Now is launching in select Atlanta zip codes and will expand quickly to additional zip codes within the city soon. All Prime members can download the Prime Now app, available on iOS and Android devices, and will be notified when the service is available in their local area. Two-hour delivery is free and one-hour delivery is available for $7.99. Tens of millions of members around the world already enjoy Prime. In the US, membership includes unlimited Free Two-Day Shipping on more than 20 million items, instant streaming of tens of thousands of movies and TV episodes through Prime Instant Video, over a million songs and hundreds of playlists through Prime Music, free unlimited photo storage through Amazon's Cloud Drive with Prime Photos, early access to select Lightning Deals and access to over 800,000 books to borrow through the Kindle Owners' Lending Library. Prime Now is currently available in Baltimore, Brooklyn, Dallas, Manhattan and Miami. The service will continue rolling out to additional cities in 2015.

Flipkart, Amazon Reportedly Eye 49% Stake In Future Supply Chain Solutions

Kishore Biyani is in talks with e-commerce majors Flipkart Online Services Pvt. Ltd. and Amazon.com Inc. (NasdaqGS:AMZN), among others, to sell a 49% stake in Future Supply Chain Solutions Ltd. valued at $400 million, people directly aware of the matter said. When contacted by Times of India, Kishore Biyani said Future Supply Chain was looking to divest shares or go public going forward however, he declined to share details on the potential deal.

Shoefitr Slides Into Amazon Portfolio

Amazon.com Inc. (NasdaqGS:AMZN) reportedly acquired Shoefitr, Inc. as per local sources familiar with the deal. Financial terms of the deal were not disclosed. Calls and emails to Amazon and to Shoefitr Chief Executive Officer Matthew Wilkinson went unanswered at press time.

Amazon Strike Ends in Rheinberg and Werne After Easter

Amazon employees at the sites in Rheinberg and Werne will resume work after the Easter bank holiday weekend. Trade union Verdi had called for strikes at different sites from the beginning of last week. In Rheinberg and Werne, employees stopped working on 4 March. The strike was not over yet. The Union is demanding a pay rise in accordance with collective bargaining agreements.

 

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Price/Earnings NM Not Meaningful
Price/Sales 2.0x
Price/Book 16.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.6x
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