Everand, owned by Scribd, introduced a new subscription plan combining over 1.5 million audiobooks and ebooks with the social book club app Fable, which it acquired in 2025. This combined subscription offers readers access to a vast library and nearly 200,000 book clubs, syncing reading and listening progress across apps. Pricing starts at $11.99 per month for one book, with higher tiers offering more books. The move aims to challenge Amazon's dominance in digital reading by integrating community features and expanding globally, while also allowing unused credits to roll over for six months. This strategy leverages acquisition to deepen user engagement and attract readers who consume both formats.
Amazon has significantly increased its investment in Anthropic, a leading AI company, positioning itself for major gains if Anthropic's IPO performs well. The partnership includes Anthropic using Amazon's custom AI chips on AWS servers, potentially s...
Major tech firms are investing heavily in AI infrastructure, with hyperscalers like Microsoft and Amazon spending $725 billion this year, focusing on building their own supply chains. SoftBank and IBM are also vertically integrating by funding AI chi...
Amazon has surpassed Walmart to become the No. 1 company on the Fortune 500 list for fiscal year 2025, ending Walmart's 13-year streak at the top. The ranking, based on revenue, now places Amazon first, followed by Walmart and UnitedHealth Group. Thi...
June is set to be a significant month for mega-cap tech stocks like Nvidia, Apple, Amazon, and Micron, with key events including Nvidia CEO Jensen Huang's keynote at Computex 2026. Investors face a busy schedule filled with AI, semiconductor, and sof...
A New York business group including Amazon bought a $200,000 ad during the NBA Finals to oppose the Delivery Protection Act, a proposed NYC law requiring Amazon to hire thousands of delivery workers directly and license last-mile centers. The bill ai...
