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.…


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 to use its own logistics service, Fulfillment by Amazon. This was done “to the…


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…