LONDON (Reuters) – The main UK subsidiary of Amazon.com Inc had a tax bill of 1.7 million pounds ($2.21 million) on profits of 72.4 million pounds in 2017 thanks to deductions related to share-based awards to staff, accounts published this week show. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo,…
Amazon CEO Jeff Bezos. Reuters Amazon is a $178 billion disruptor in the retail sector. Its sheer scale has marked it out as a target for US President Donald Trump, who reportedly obsesses over the company’s impact on the US Postal Service, the amount of tax it pays, and the harm it could cause other…
Amazon is expected to show bigger profits when it reports second-quarter earnings on Thursday evening, backed by the continued growth of its higher-margin businesses, like cloud, advertising and third-party marketplace. Wall Street estimates Amazon to post second-quarter profit of $2.50 per share, or roughly $1.2 billion, according to a Thomson Reuters consensus estimate, up from…
Jeff Bezos, Amazon’s CEO, is seeing his reputation take a dive. Drew Angerer/Getty Images As Americans become increasingly reliant on Amazon, the company’s reputation is moving in a dark direction. On Prime Day, Amazon’s largest shopping day of the year, the company was bombarded with calls for boycott. Hundreds of social-media users urged customers not…
Amazon said Wednesday 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…
Get a head start on your Prime Day shopping! (Photo: Irina Medvedeva / Getty Images) — Our editors review and recommend products to help you buy the stuff you need. If you make a purchase by clicking one of our links, we may earn a small share of the revenue. However, our picks and opinions are…
Amazon Prime Day is highly anticipated for some online shoppers — but others might be better off waiting until the sounds of jingle bells are in the air to hunt for bargains. The site’s promotion is set to take place on July 16 and 17. This year, the average shopper is expected to spend $167…
Amazon has also stepped up its effort to sell ad space on this year’s Prime Day, some sellers say. In one of the marketing documents, which CNBC obtained, Amazon’s advertising team encourages sellers to increase their ad budget on Prime Day while extending the length of their ad campaigns. It also says ads are more…
A new report finds that Amazon sells or has sold a wide variety of products representing or promoting white supremacist ideology, including a number of items aimed at children. The report further alleges that Amazon has “a history of responding slowly – or not at all – to public pressure” to remove or block hateful…
Amazon is enabling and profiting from hate groups and ideologies, according to a damning report released on Friday. The report, “Delivering Hate: How Amazon’s Platforms Are Used to Spread White Supremacy, Anti-Semitism, and Islamophobia,” details a variety of ways that hate groups take advance of Amazon’s massive platforms and inconsistently enforced policies. Two advocacy groups ―…