Morning Beat: Amazon.com, Inc. (AMZN), Facebook Inc (FB), and Alphabet Inc (GOOGL)
Amazon.com, Inc. (NASDAQ:AMZN) has had one of its best years if the latest numbers are anything to go by. The e-commerce giant says more than three million people signed up for Amazon Prime in the third week of December. With the addition, the company says it shipped more than 200 million items during the period and twice as many Amazon devices compared to last year.
Prime now registered its largest number of deliveries on Christmas Eve as more people rushed to get gifts for their family and friends. Amazon.com, Inc. (NASDAQ:AMZN) says more than 70% of the customers did their shopping on mobile. Prime Video also registered an uptick in usage with the amount of hours streamed more than double compared to last year.
Amazon.com, Inc. (NASDAQ:AMZN) has set its eyes on an Oscar, having announced plans to produce 16 blockbuster films. Having claimed five Emmy’s this year, the retail giant is turning its focus on taking Netflix, Inc.(NASDAQ:NFLX) head on, in 2016.
Netflix is producing an average of 10 films a year and plans to double the number of original films to 30 by 2020. Amazon believes it has what it takes to battle its biggest rival. Apart from producing new films, CEO, Jeff Bezos, says he may move to bid for sports events such as football world Cup, Barclays Premier League, and the Bundesliga.
Amazon.com, Inc. (NASDAQ:AMZN)’s Bezos says that they are well on track on ‘Prime Air’ delivery service, but admits regulatory hurdles still pose the biggest headwind more so in the US.
Facebook Inc (NASDAQ:FB) is facing its biggest test in India as its Free Basics plan that allows people to access a subset of websites without a data plan continues to evoke criticism. Even as CEO, Mark Zuckerberg makes a personal appeal in support of the plan, net neutrality activists are remaining firm on why the program should never see the light of day.
Activists remain concerned that in the long run, the program will end up hurting the pricing of various websites in the country. The critics are especially concerned over the way the giant social network continues to exclude rival services from the program.
The standoff is a big blow for Facebook Inc (NASDAQ:FB), which is spending billions of dollars to bring free internet to some remote areas of the world.
It’s been more than a year since Alphabet Inc (NASDAQ:GOOGL) unveiled Project Tango, a technology believed to have the potential to change how people interact with computers. At the time, the tech giant showed how a device could gain awareness of the space it was in.
The first Project Tango devices are finally out, underscoring the fact that Alphabet Inc (NASDAQ:GOOGL) was serious about the moonshot project. Initially, there were concerns that the tech giant did not know what to do with the technology, seen by the pre-announcement.
It is now becoming clear that Google is ready to move the technology beyond phones and tablets to other devices. The next stop for Project Tango could be drones according to Larry Yang the project lead.
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