Friday, June 9, 2023

Creating liberating content

Alphabet Inc. (NASDAQ: GOOGL)...

Shares of Alphabet Inc. (NASDAQ: GOOGL) inches down in pre session on Thursday...

U.S Stock Market Holidays...

In 2023, both the New York Stock Exchange (NYSE) and the Nasdaq Stock...

C3.ai Inc. (NYSE: AI)...

Shares of C3.ai Inc. (NYSE: AI) inches down in pre trading session on...

Virgin Orbit (NASDAQ: VORB)...

Shares of Virgin Orbit Holdings Inc. (NASDAQ: VORB) persist its gain in pre...
HomeStock InsidersAmazon.com (NASDAQ: AMZN)...

Amazon.com (NASDAQ: AMZN) To Face Tough U.K. Antitrust Review on Roomba Acquisition

Shares of Amazon.com, Inc. (NASDAQ: AMZN) inches down in pre trading session on Thursday as the British antitrust officials have begun looking into Amazon’s $1.7 billion acquisition of robot vacuum manufacturer iRobot.

According to a statement released on Thursday, the Competition and Markets Authority is debating whether the merger will “substantially decrease competition” in the UK. The U.K. watchdog first requested feedback on the agreement from “any interested party.”

The Federal Trade Commission is already investigating the acquisition in the United States due to concerns over Amazon’s expanding market dominance. During the deal’s announcement last year, consumer advocacy organizations expressed worry that it would strengthen the e-commerce giant’s position as the market leader for smart homes.

In its evaluation of the deal, Amazon stated it is “cooperating with the applicable regulators.”

The popular Roomba robotic vacuum cleaners are made by Bedford, Massachusetts-based iRobot, which also stated that it “continues to engage diligently with both the U.S. FTC and other regulatory agencies in their evaluation of the Amazon-iRobot transaction.”

Amazon (AMZN) Unsteady Economic Climate  

An element of Amazon.com Inc.’s (NASDAQ: AMZN) compensation plan, employee stock awards, will be reduced as the e-commerce behemoth navigates an unsteady economic climate. An Amazon spokeswoman stated in an email that “We took the decision to lower RSU (restricted stock units) awards in the final outlook year by a tiny amount (other years are not impacted)” without mentioning the time frame of the final outlook year.

The revelation follows Amazon’s announcement of a second round of huge layoffs a few weeks prior, adding to a wave of job losses that have rocked the technology industry as a challenging economy compels businesses to become leaner. The proposed adjustment to the company’s pay structure was initially revealed by Business Insider, which claimed that Amazon will review 2025 compensation in the first quarter of 2019 in order to “prepare for stock fluctuation.”

After considering the impact of an uncertain economy on its budget for pay, the firm was considering changing its compensation plan in the future to be more evenly distributed between base cash compensation and equity, the representative added. After 50% decline in 2022, Amazon’s share price has increased this year by more than 20%.

Alphabet Inc. (NASDAQ: GOOGL) In Talks to Reduce European IT Jobs After ‘Disastrous’ Layoffs

Shares of Alphabet Inc. (NASDAQ: GOOGL) inches down in pre session on Thursday after big American IT businesses are suddenly discovering how hard it...

U.S Stock Market Holidays 2023: 10 Official Holidays, Plus Three Early Closings

In 2023, both the New York Stock Exchange (NYSE) and the Nasdaq Stock Market will be closed for ten holidays. The following holiday that...

C3.ai Inc. (NYSE: AI) Short Seller Accuses Company of ‘Highly Aggressive Accounting’

Shares of C3.ai Inc. (NYSE: AI) inches down in pre trading session on Thursday as Kerrisdale Capital, a short seller, claimed that the business...

Continue reading

Walt Disney Co’s (NYSE: DIS) Iger Fires Back at Florida Governor Over ‘Anti-Business’ Stance

Walt Disney Co (NYSE: DIS) moves down in pre trading session on Monday, Chief Executive Bob Iger retaliated against Florida Republican Governor Ron DeSantis, calling him "anti-business" for what appeared to be reprisal against Disney for taking a position...

Alibaba Group (NYSE: BABA) Shares Sink as Beijing Launches New Attack on Micron (NASDAQ: MU) – Analysts

Shares of Alibaba Group Holding Ltd (NYSE: BABA) plunges over 1.15% in pre trading session on Monday as stock watchers are comforted by the rebound in Alibaba Group Holding as evidence that Beijing's regulatory campaign is done. Because Beijing's...

Veteran Money managers Slash U.S. Stock Exposure As Fed Rate Cuts Loom

At the conclusion of a volatile quarter in the markets, optimism about impending rate reduction is igniting both animal spirits and worry in equal measure. Famous money managers have ceased investing in the most recent market boom, claiming that expectations...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.