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Amazon Challenges Temu and Shein with Wider Rollout of ‘Bazaar’ App

TLDRs; Amazon expands its budget shopping app “Bazaar” to 14 new countries across Asia, Latin America, and the Middle East. Most products are priced below $10, positioning Amazon directly against Temu and Shein’s low-cost models. Bazaar supports global payment cards but omits popular local wallets, creating room for fintech partnerships. Analysts say Amazon’s undisclosed fulfillment [.] The post Amazon Challenges Temu and Shein with Wider Rollout of ‘Bazaar’ App appeared first on CoinCentral.

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Amazon Surge Makes Jeff Bezos Richer, Meta Stock Crash Wipes $35 Billion From Mark Zuckerberg’s Fortune: What’s Going On?

The billionaire wealth race took a dramatic turn this week as Jeff Bezos’ fortune climbed to $265 billion, thanks to Amazon.com, Inc.’s (NASDAQ:AMZN) stellar third-quarter results, while Mark Zuckerberg’s net worth tumbled by $35 billion following Meta Platforms, Inc.’s (NASDAQ:META) steep stock sell-off. Bezos Rides Amazon Rally To Record Wealth Bezos, founder and former CEO of Amazon, saw his net worth jump by $18.6 billion on Friday, according to the Bloomberg Billionaire Index, as Amazon shares surged 9.61%. The rally followed the company’s better-than-expected third-quarter earnings, signaling robust consumer demand and continued dominance in e-commerce and cloud computing. Amazon reported net sales of $180.2 billion, up 13% year-over-year, beating Wall Street’s consensus estimate of $177.8 billion, according to Benzinga Pro. The company also …Full story available on Benzinga.com