Jul 16, 2019

Podcast: Amazon faces strike challenge amid Prime Day success

Amazon is expected to generate nearly $6 billion in sales from its Prime Day promotion, but also is facing worker strikes and protests over everything from wages to bathroom breaks to the company's relationship with ICE. Dan and Axios' Erica Pandey break it down.

Go deeper: The Prime days of our lives

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Amazon shares slide as it misses earnings expectations

Photo: Denis Charlet/AFP/Getty Images

Amazon's shares were down 1–2% after hours Thursday after the e-commerce giant reported $5.22 in earnings per share, missing Wall Street's projected $5.57. Amazon did, however, beat revenue expectations for the second quarter, reporting $63.4 billion, compared to the projected $62.5 billion, per CNBC. AWS revenue was $8.38 billion, falling short of the expected $8.5 billion.

The backdrop: This quarter's earnings report comes as Amazon is facing regulatory scrutiny in the U.S. and Europe. The company recently had its most successful Prime Day to date, and has invested more than $800 million to speed up 2-day delivery to 1-day.

Go deeperArrowJul 25, 2019

The rise of online marketplaces

Illustration: Aïda Amer/Axios

A new report from GroupM's Brian Wieser, one of the top advertising industry analysts, finds that large online marketplaces account for a majority of e-commerce activity and are growing as a percentage of e-commerce activity at a faster rate than direct-to-consumer (D2C) brands.

Why it matters: Following e-commerce trends is important in understanding what shapes the media industry because of the ripple effect it creates in the types of advertising growth.

Go deeperArrowJul 16, 2019

Jewish groups mark remembrance day with Trump immigration policy protests

Members of the Jewish community protest to demand an end to the detention of migrants, refugees and asylum-seekers, Los Angeles, Aug. 11. Photo: Mark Ralston/AFP/Getty Images

Dozens of demonstrators were arrested at an Amazon store in Manhattan Sunday as thousands of Jewish Americans across the United States protested President Trump's hardline immigration policies and Immigration and Customs Enforcement (ICE) this weekend, PIX 11 reports.

Why it matters: Rallies took place during Tisha B'Av, traditionally a Jewish day of remembrance marked by fasting, reading from the book of lamentations and going to temple, per the Washington Post. It notes there's been a rise in activism among Jewish Americans against Trump's policies, reminiscent for some of the way Jewish people were treated in the past.

Go deeperArrowAug 12, 2019