Amazons - eriinfo

Amazon’s stock soars on earnings, revenue beat, spending guidance

eriinfo.com2 months ago05 mins

Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon shares soared 10.81% on Friday after the company reported an across-the-board beat for the third quarter and boosted its forecast for spending due to demand for artificial intelligence services. Cloud was a…

Amazon’s Kuiper eyes South Africa as Starlink awaits licensing reform

eriinfo.com5 months ago010 mins

A roof-mounted Project Kuiper terminal. Image: Amazon Regulatory hurdles in the way of Starlink’s pursuit of a local operating licence could see the SpaceX subsidiary losing the first-mover advantage it has enjoyed in most markets. This as competitor, Amazon’s Project Kuiper, looks to enter the local market. Kuiper in April began launching its satellites into…