AMZN Jun 2024 82.000 call
- Yahoo Finance Video
Amazon unveils new unlimited grocery delivery subscription
Amazon (AMZN) has announced that it will launch a new unlimited grocery delivery subscription for Prime members for those living in 3,500 eligible cities and towns. The program will allow users to get free deliveries for grocery orders totaling more than $35 across its subsidiaries, including Amazon Fresh and Whole Foods. It costs $9.99 per month for Prime members and $4.99 for those with a registered EBT card who do not have a Prime membership. Yahoo Finance's Madison Mills and Seana Smith break down the latest announcement from the online sales giant. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
- Yahoo Finance
Spotify turns a profit as earnings and revenue beat estimates
Spotify reported first quarter earnings before the bell on Tuesday. Here's what to know.
- Reuters
UPDATE 1-Italy fines Amazon 10 mln euros for alleged unfair commercial practices
Italy's antitrust authority has fined two subsidiaries of Amazon a total of 10 million euros ($10.7 million) for alleged unfair commercial practices, the regulator said on Wednesday, a decision the U.S. e-commerce giant said it would appeal. Amazon "significantly restricted consumers' freedom of choice" by automatically pre-setting a 'Subscribe and Save' option on its website for a wide selection of products, the watchdog said. "The pre-ticking of recurring purchase induces one to periodically buy a product - even without the effective need - thus limiting one's freedom of choice," the authority said in a statement.
