Amazon.com Posts

Amazon.com, Inc. has launched a Drone Store

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Amazon.com, Inc. (NASDAQ:AMZN) has launched a Drone Store. The Amazon Drone Store sells drones and related accessories. The Drone section includes recreational and photography-based drones. The Drone Store includes cases, batteries, and propellers. There is a “Buying Guide” and “Fly Responsibly” section on the Amazon Drone Store. These sections have flying tips and safety codes from the Association for Unmanned Vehicle Systems International and the Academy of Model Aeronautics. Last year, Amazon.com announced a new project called Prime Air. Prime Air is a moonshot project to deliver packages by UAVs.

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Amazon.com, Inc. (AMZN) receives $2 billion credit line

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Amazon.com, Inc. (NASDAQ:AMZN) has received a $2 billion credit facility from Bank of America. The credit facility is for two years and could be extended for another 3 years with approval.

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Amazon.com, Inc. (AMZN) is acquiring Twitch for over $1 billion

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Amazon.com, Inc. (NASDAQ:AMZN) is acquiring Twitch for over $1 billion. Google attempted to buyout Twitch, but that deal fell through according to sources with Re/Code. This is one of Amazon.com’s acquisitions thus far.

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Amazon.com, Inc. (AMZN) invests in Drupal hosting company Acquia

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Amazon.com, Inc. (NASDAQ:AMZN) has invested in Acquia, a company that hosts many websites based on the Drupal content management system. Amazon’s investment was disclosed in a blog post by Acquia co-founder and chief technology officer Dries Buytaert.

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Amazon.com, Inc. (AMZN) rolls out same-day delivery service in 6 more cities

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Amazon.com, Inc. (NASDAQ:AMZN) has expanded its same-day delivery service in six new areas, including New York City, Baltimore, Washington D.C., Philadelphia, Indianapolis, and Dallas. The same-day delivery service includes more than one million eligible items. In these cities, you will be able to order items by noon and have them at your house by the end of the day seven days a week.

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Amazon.com hires former MTV CEO Judy McGrath as board member

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Amazon.com has elected former MTV CEO Judy McGrath to its board of directors, starting October 1st. McGrath left MTV in 2011 after working at the company for 30 years. She was named chairman and CEO of MTV in 2004 where she oversaw MTV, MTV2, VH1, Comedy Central, Nickelodeon, TV Land, and Logo.
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Amazon is investing $2 billion into its Indian retail division

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Yesterday Indian e-commerce company Flipkart announced that it has raised $1 billion in funding. Flipkart competes against Amazon.com in India. Shortly after Flipkart announced the funding news, Amazon.com’s CEO Jeff Bezos said that the company is going to spend $2 billion in its India division.

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Amazon.com is testing an e-book subscription feature

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Amazon.com briefly put up a website for an unlimited e-book and audiobook subscription service called Kindle Unlimited, according to GigaOm
Amazon.com is planning to offer users with unlimited access to 600,000 digital books for $9.99 per month. The pricing of the service is comparable to Oyster and Scribd, which charges $9.95 and $8.99 per month, respectively. Some of the titles that Amazon.com will offer through the Kindle Unlimited subscription includes The Hunger Games, 1984, Flash Boys and The 7 Habits of Highly Effective People.