It's just the latest market manipulation via POTUS. For similar actions this week, look at facebook and google
Amazon Brand Amazon is now the world's most valuable brand at $315.5 billion, which is up more than half on a year ago, according to Kantar's BrandZ Top 100. This is the first time in a dozen years that the top spot has not been occupied by Apple or Google. Here's Kantar's Doreen Wang, giving CNBC a masterclass in marketing-speak: "The boundaries are blurring as technology fluency allow brands, such as Amazon, Google and Alibaba, to offer a range of services across multiple consumer touchpoints." CNBC
Amazon's giant Sudoku puzzle. Wired visited one of Amazon's cutting-edge warehouses in Colorado, where robots and people work together to ensure that customers get their packages delivered on time. To help the robots move in the warehouse, the company created a cloud-based coordination system that directs where each robot goes, when they should recharge, and when they should get back to work. An Amazon robotics manager describes managing the robots as "basically a very large sudoku puzzle."
Wonder if these congressmen have taken short positions since they're protected from inside trading? https://www.foxnews.com/politics/do...ntract-over-investigation-of-amazon-conflicts Lawmakers urge Trump to delay $10B defense contract over Amazon conflicts probe The finalists for the large contract -- known as the Joint Enterprise Defense Infrastructure (JEDI) -- are Amazon and Microsoft, but allegations about conflicts of interest related to Amazon are currently under investigation by the Defense Department's Inspector General's Office. The concerns are based on Defense Department staffers who worked on the deal who previously or subsequently worked for Amazon, or in at least once case, both. The contract is expected to be awarded as soon as August 23.
https://www.cnn.com/2019/07/26/politics/oracle-trump-amazon-defense-contract-conspiracy/index.html (CNN)Tech giant Oracle's push to scuttle a bid by its rival Amazon to win a highly sought-after defense contract has reached President Donald Trump's desk -- a possible attempt to appeal to the President's well-known animosity toward the online retail giant and its founder, Jeff Bezos.
Amazon Ring Amazon's Ring smart-doorbell subsidiary has now partnered with over 400 police forces in the U.S. to allow cops to ask owners for footage from the devices. Privacy advocates are heavily against the program, as the doorbell-cameras capture images of many people who are innocent of crimes. Fortune
Amazon Antitrust The Journal is reporting that Amazon tweaked its product-search system to potentially favor its own brands. The internally controversial change apparently promotes the visibility of the products that are the most profitable for Amazon, rather than those that are most relevant to users. If so, this will be of intense interest to antitrust regulators in the U.S. and EU, where Amazon's stewardship of its marketplace is already under scrutiny. WSJ