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NAS:AMZN, Apr 21, 06:48 UTC

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Primetime For Jeff Bezos: Amazon Chief's Net Worth Climbs $7.7 Billion In One Week

AMZN

Amazon CEO Jeff Bezos' annual shareholder letter included news of numerous wins for the company, increasing shareholder confidence and Bezos' fortune. Count this as another great week for e-commerce titan Jeff Bezos. On Wednesday, the Amazon founder and CEO released his latest annual shareholder letter, announcing that Amazon's Prime subscription service has more than 100 million members globally.

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Amazon Extends Whole Foods Delivery to Los Angeles

AMZN

Amazon’s (AMZN) express grocery delivery service has landed in Los Angeles. In February 2018, Amazon introduced grocery delivery from Whole Foods stores, allowing members of its Prime program to receive their Whole Foods orders within two hours at no extra charge.

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Amazon Dropped St. Louis Due to a Talent Shortage

AMZN

St. Louis, Missouri, didn’t make it to the list of 20 finalist cities Amazon (AMZN) is considering as a potential home to its second corporate headquarters, referred to as HQ2. About 238 cities and regions across the US, Canada, and Mexico bid to host Amazon’s HQ2.

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Why Amazon is the world's most innovative tech company - for now

AMZN

Why Amazon is the world's most innovative tech company - for now. From Alexa Skills Blueprints to AWS to Prime, Larry Dignan and Bill Detwiler make the case for Amazon as the most innovative tech company on the planet. Read more: https://zd.net/2F3Nqs7. What to read next.

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Amazon CTO: Why more companies are moving to the cloud

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Amazon is unfazed by President Donald Trump’s recent criticism of Amazon (AMZN), which is vying for a lucrative government contract, Amazon CTO Werner Vogels told Yahoo Finance. Amazon Web Services, or AWS, is seen as a front-runner in a competition with Alphabet (GOOG, GOOGL) and Microsoft (MSFT) for an exclusive 10-year multibillion-dollar contract that would modernize the U.S. Department of Defense’s information technology system. Although Vogels declined to discuss specifics around the process, Amazon’s odds of landing the government contract are very good, given how the company already hosts classified systems with the CIA, as well as other top defense contractors like Lockheed Martin. At the AWS Summit in early April, AWS announced that Cox Automotive, owner of Autotrader and Kelley Blue Book, as well as Shutterfly were following other businesses such as Comcast (CMCSA) and GoDaddy, which in recent months have shifted more, if not most, of their workloads from running on local data servers to AWS, in part because AWS makes a company’s operations more cost-efficient while offering comparable, if not better, performance in some instances. Now, it will be a matter of days or weeks.”. As AWS continues to evolve, expect voice features and apps to become more prominent, suggested Vogels — a sentiment that supports what AWS CEO Andy Jassy told Yahoo Finance in December.

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How Amazon Is Increasing Its Global Presence

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On Tuesday, April 17, e-commerce giant Amazon (AMZN) announced a new feature within its e-commerce app that could ship 45 million US items to international customers in over 100 countries. The app also calculates additional fees such as shipping costs, import duties, and handling costs. Customers from countries where Amazon doesn’t operate can use its mobile app to view goods that can be shipped to their location.

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Amazon Prime's 100 million members are just the tip of the iceberg (AMZN)

AMZN

This story was delivered to Business Insider Intelligence "E-Commerce Briefing" subscribers hours before appearing on Business Insider. Amazon.com has surpassed 100 million paid Prime subscribers globally, according to Jeff Bezos’ Annual Letter to Shareholders. Amazon has seen significant measures of success in some of its international ventures, pointing to the massive growth it will likely see in the future.

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Can Roku Withstand Amazon's Fire?

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'Roku(NASDAQ: ROKU) lists Amazon(NASDAQ: AMZN) as one of its biggest competitors in its quarterly filings with the Securities and Exchange Commission. And its competition with Amazon just got a bit bigger, after the online retailer announced a partnership with Best Buy(NYSE: BBY) to sell several new Fire TV Edition smart TVs.', 'Integrating its software with TV sets means Roku can reduce the margin pressure of player sales on its overall business, while improving the functionality of its platform through deeper device integration.', "In fact, in 2016 and 2017, 61% of the company's player revenue came from Amazon, Best Buy, and Walmart. If Amazon.com or Best Buy decided to focus on its own products, such as the upcoming Fire TV Edition sets from Best Buy's private-label Insignia brand, it could dramatically impact Roku's sales.", 'Additionally, "Best Buy can still sell all other Roku TVs," she notes. While Amazon and Best Buy are two of Roku\'s biggest retailers, the majority of Roku players are sold from other stores or directly from Roku\'s website.'

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Friday’s Vital Data: General Electric Company (GE), Amazon.com, Inc. (AMZN) and Bank of America Corp (BAC)

AMZN BAC +1 more AMZN BAC GE

'Specifically, General Electric Company (NYSE:GE) is lifting the Dow Jones Industrial Average after beating first-quarter earnings estimates. However, the political scene could heat up significantly.', 'Taking a closer look at Thursday’s options activity, General Electric saw a run on call options heading into this morning’s quarterly report.', 'GE stock options traders loaded up on calls ahead of the event.', 'GE is set to open just shy of $15 this morning, putting the stock north of all major call open interest strikes in the May and June series. However, peak April call OI rests at the $15 strike, and could create some turbulence today.'

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Amazon HQ2: New Evidence Boosts Boston's Odds

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'Compared to that, the free publicity that Amazon has garnered in the wake of its competition for HQ2 -- the second headquarters expected to create 50,000 jobs and generate $5 billion in investment -- pales in significance. While Amazon announced 20 finalists in January, it has not shed further light on who would win.', "While Amazon announced 20 finalists in January, it has not shed further light on who would win. When it comes to managerial brilliance, there is nothing quite as appealing as Amazon's first shareholder letter that highlights the importance of thinking about every day as a chance to rethink how to make its offer to customers ever-more valuable than competitor's."

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