How AI could transform our lives for the better
31 min
Discover Curio Originals
Plus 10,000+ audio articles from 30+ world-leading publications.
All in 1 subscription.
Plus 10,000+ audio articles from 30+ world-leading publications.
All in 1 subscription.
Amazon's setbacks in the race to the top
Discover the news beyond the headlines with our daily selection of the stories that matter.
By Informed
Our daily selection of the global stories that really matter is presented by our host, Manish Verma. In today's episode... We look at the recent challenges being faced by Amazon. The rising popularity of Temu, TikTok and Shein is nipping at the company's sales growth, but investors are more primed for profit expansion. Dan Gallagher argues that despite increasing competition, Amazon's strategic focus on advertising, strong financial performance, and vast fulfilment networks should position it well to maintain dominance in online retail. Then, the company cancelled the $1.45 billion iRobot acquisition as EU regulators raised competition concerns, causing a 10% drop in iRobot shares. The Financial Times explains that the move reflects growing scrutiny on Big Tech deals, with Amazon facing a US Federal Trade Commission antitrust investigation.
