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Amazon founder Jeff Bezos to step down on 5 July

The announcement had been made in February this year: Amazon CEO Jeff Bezos would vacate his post, handing over the reins to the company’s top cloud executive Andy Jassy. Bezos would transition to chairman of Amazon’s executive board. No date was revealed at that time.

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Amazon buys Hollywood studio MGM for $8.45 billion

Content is the engine of the streaming economy. Recognising this, the streamers have been going through a dizzying series  of acquisitions and mergers.

iWorld Over The Top Services
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Amazon all set to lock a $9bn deal with MGM Studios, report says

E-commerce giant Amazon is all set to close the MGM Studios acquisition deal for $9 billion according to a Wall Street Journal report, which says the deal could be announced as early as this week, provided there isn't any last-minute glitch.

iWorld Over The Top Services
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Amazon to pull the plug on Prime Now globally

E-commerce giant Amazon has decided to pull the plug on its standalone Prime Now delivery app globally. The platform was launched in 2014. Its two-hour delivery options will now be integrated on its main app and website.

iWorld e-commerce
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E-comms ramp up vaccination drive for frontline staff

E-commerce companies have launched a rampant vaccination drive for their frontline staffers and delivery partners who interface with consumers who worry about possible transmission of the newer and more virulent strains of Covid-19.

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