Amazon has announced record-breaking sales during its Black Friday Week and Cyber Monday event, marking its biggest holiday shopping event ever. Independent sellers, mostly small and medium-sized businesses, accounted for over 60% of sales.
Amazon has reported unprecedented sales figures during its Black Friday Week and Cyber Monday event, which ran from November 21 to December 2, 2024. The e-commerce giant announced that this period marked its most successful holiday shopping event ever, with record sales and a record number of items sold. This surge in sales was not only beneficial for Amazon but also for independent sellers, who accounted for over 60% of the sales during this period.
The event saw customers purchasing millions of Echo and Fire TV devices, with the Echo Dot and Fire TV Stick 4K emerging as some of the best-sellers. Popular categories included Electronics, Toys, and Beauty, featuring items like Beats headphones, Samsung TVs, Barbie dolls, and Shark vacuums. Amazon's competitive pricing strategy, with prices averaging 14% lower than other leading U.S. retailers, played a significant role in attracting customers.
Adobe Analytics reported that online sales during this period reached an all-time high, with Cyber Monday alone generating $13.2 billion in sales, surpassing Black Friday. This shift towards online shopping reflects changing consumer preferences, with convenience being a top priority. The "buy now, pay later" trend also contributed significantly to the sales figures.
Amazon continues to offer deals worldwide, with fast delivery options for Prime members. The company has also integrated AI tools to enhance the shopping experience, making it easier for customers to find the right gifts. With the holiday season still ongoing, Amazon is poised to maintain its momentum, offering millions of deals and ensuring a seamless shopping experience for its customers.
Robinhood Markets, Inc. has seen its stock price surge to a new 52-week high, driven by positive upgrades and a favorable market environment. The company's performance in 2024 and its position in the penny stock market have also contributed to its recent success.
Hino Motors, a subsidiary of Toyota, faces criminal charges in the U.S. for selling over 105,000 non-compliant diesel engines, marking a significant scandal in the automotive industry.
Instagram, owned by Meta, experienced a significant outage in the US on January 15, 2025, which was largely resolved by the afternoon, as reported by Downdetector.
BlackRock Inc. reported a record $11.6 trillion in assets under management in Q4 2024, driven by strong market performance and strategic acquisitions, leading to a rise in its stock price.
General Motors has signed a multi-billion dollar agreement with Vianode to secure synthetic graphite for its electric vehicle batteries, aiming to reduce reliance on China and enhance EV production.
The Bank of New York Mellon Corporation (BNY) reported a robust Q4 2024, with earnings and revenue surpassing expectations, leading to a significant rise in its stock price.
JPMorgan Chase reported a record annual profit and a significant Q4 earnings beat, driven by a surge in investment banking fees and trading revenue, surpassing Wall Street expectations.
Meta Platforms Inc. plans to cut approximately 5% of its workforce, focusing on low performers, as part of its ongoing efficiency drive. CEO Mark Zuckerberg announced the move in an internal memo, signaling an 'intense year' ahead with a focus on AI, smart glasses, and social media innovation.
Boeing's stock experienced a decline following a significant drop in aircraft deliveries in 2024, marking the lowest delivery numbers since the onset of the COVID-19 pandemic. The company faced challenges including a labor strike, production issues, and increased competition from Airbus.