Amazon stock will get much, much cheaper

Amazon's Share

Kabar Medsos – Amazon shares are about to get 20 times less expensive. The company announced Wednesday its board approved a 20-for-1 stock split, its first split since 1999. If approved by shareholders in May, the split will go into effect June 6. Amazon closed Wednesday at $2,785 per share. If the stock split were to happen today, Amazon’s stock would be worth $139 a share. Don’t worry, Amazon stockholders (which is pretty much everyone with a retirement account, these days) — your stakes will still be worth the same.…

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Amazon hit $1.28 billion fine for abuse of market dominance

amazon italy

Italy’s antitrust regulator said the e-commerce giant had harmed competitors by encouraging sellers to use Amazon’s own logistics service. Kabar Medsos – Amazon was fined 1.13 billion euros ($1.28 billion) on Thursday by Italian antitrust regulators for abusing its market dominance. The Autorità Garante della Concorrenza e del Mercato, or AGCM, said that Amazon had harmed competing operators in the e-commerce logistics service. It concluded that Amazon leveraged its dominant position to encourage sellers on Amazon.it to use its own logistics service, Fulfillment by Amazon. This was done “to the…

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Amazon unveils design for ‘Helix’ office building at HQ2

Kabar Medsos – Amazon unveiled the latest look at its second headquarters in northern Virginia. The standout feature of the design proposal for HQ2 includes a unique structure, dubbed “The Helix.” Amazon described the 350-foot-tall office tower as a “spiraling vertical forest” that features outdoor walkways with trees and plants that twist up to the top of the building. The shape of the building is meant to resemble a double helix and touches on “humanity’s innate connection to nature,” according to architecture firm NBBJ, which is designing the structure. The…

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