Weekly News Roundup: Amazon.com (NASDAQ:AMZN)

Categories: Roundups, Stocks





Here’s a round-up of Amazon.com (NASDAQ:AMZN) stock briefings from this week. Amazon.com (NASDAQ:AMZN) stocks ended the week at 142.44 (as of 9/10/2010).

Weekly News Roundup: Amazon.com (NASDAQ:AMZN)

Monday 6 September

The newest version of the Kindle, synonymous with Amazon.com (NASDAQ:AMZN) and its online store, has been revealed as a best-seller. Although the company didn’t reveal the sales details, it said that the orders received for the new version in the first four weeks were better than ever.

Amazon senior vice president Steven Kessel said that “Kindle is the best-selling product on Amazon.com for two years running and our new generation Kindles are continuing that momentum.”

Thursday 9 September

Online music store AimeStreet.com has been snapped up by Amazon.com (NASDAQ:AMZN). The latest acquisition is said to be a part of the largest online retailer’s plans to get in to the digital music business.

Though the price details are not yet disclosed, it has been announced that the online music store and social media site that features independent artists, AimeStreet.com, has been acquired by the giant.

AimeStreet.com was an initiative of some Brown University students back in 2006.

We will be monitoring the Amazon.com (NASDAQ:AMZN) stock level for developments over the next few weeks.


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