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AMAZON.COM, INC.

(AMZN)
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Amazon com : pauses annual Prime Day sale in India due to COVID-19

05/07/2021 | 10:59am EDT
FILE PHOTO: A worker sorts delivery packages in a van outside an Amazon facility in Ahmedabad

BENGALURU (Reuters) - Amazon.com Inc has paused its annual Prime Day sale in India, a company spokeswoman said on Friday, as the country battles a severe second wave of coronavirus infections that has left thousands dead.

In the past week, India has reported 1.5 million new infections and record daily death tolls as its hospitals run out of beds and medical oxygen.

Amazon, Google and several Indian firms have jumped in to help the world's second biggest population battle coronavirus by pitching in with everything from airlifts of medical equipment and funding pledges to making medical oxygen.

Amazon's plans to pause its Prime Day event in India was first reported by CNBC https://www.cnbc.com/2021/05/06/amazon-delays-prime-day-in-india-and-canada-because-of-covid-19.html early on Friday.

The event, offered only to members by Amazon, is typically held in July to boost sales. The discounts are a key way Amazon markets Prime, a fast-shipping and media-streaming service that incentivizes subscribers to do more shopping on Amazon.

(Reporting by Chandini Monnappa in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.33% 2435.46 Delayed Quote.37.06%
AMAZON.COM, INC. -0.83% 3458.21 Delayed Quote.7.06%
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Financials (USD)
Sales 2021 490 B - -
Net income 2021 28 711 M - -
Net cash 2021 78 508 M - -
P/E ratio 2021 62,9x
Yield 2021 -
Capitalization 1 759 B 1 759 B -
EV / Sales 2021 3,43x
EV / Sales 2022 2,85x
Nbr of Employees 1 298 000
Free-Float 82,4%
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Technical analysis trends AMAZON.COM, INC.
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Mean consensus BUY
Number of Analysts 53
Average target price 4 238,37 $
Last Close Price 3 486,90 $
Spread / Highest target 57,7%
Spread / Average Target 21,6%
Spread / Lowest Target 8,26%
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Managers and Directors
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
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