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Stockreport

Amazon overhauls Wondery podcast studio, cuts 110 jobs [Yahoo! Finance Canada]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance Canada
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
award-winning narrative podcasts such as "Business Wars" to Audible and consolidating creator-led shows into a new unit, according to a memo seen by Reuters. About 110 employees will be laid off as part of the process, while many Wondery employees will transition to other parts of Amazon, the company said in an emailed statement on Monday. Wondery CEO Jen Sargent will depart the company following a transition period, the memo said. Intense competition in the expensive podcast industry as well as a growing focus on creator-led video content have prompted audio streaming companies including Spotify to diversify their podcasts as they look to lower costs and attract more users to their platforms. "As video podcasting has grown in popularity, we have learned that creator-led, video-integrated shows have different audience needs and require distinct discovery, growth and monetization strategies compared to audio-first, narrative series," Steve Boom, vice president of audio, Twitch [Read more]
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Stockreport

Amazon overhauls Wondery podcast studio, cuts 110 jobs [Yahoo! Finance Canada]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance Canada
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
award-winning narrative podcasts such as "Business Wars" to Audible and consolidating creator-led shows into a new unit, according to a memo seen by Reuters. About 110 employees will be laid off as part of the process, while many Wondery employees will transition to other parts of Amazon, the company said in an emailed statement on Monday. Wondery CEO Jen Sargent will depart the company following a transition period, the memo said. Intense competition in the expensive podcast industry as well as a growing focus on creator-led video content have prompted audio streaming companies including Spotify to diversify their podcasts as they look to lower costs and attract more users to their platforms. "As video podcasting has grown in popularity, we have learned that creator-led, video-integrated shows have different audience needs and require distinct discovery, growth and monetization strategies compared to audio-first, narrative series," Steve Boom, vice president of audio, Twitch [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS