Theo Wayt

New York

Reporter at The Information

Reporter @theinformation covering Amazon, e-commerce and logistics. Email: [email protected] Cell/Signal: 917 300 8909

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Articles

Amazon’s Pricing Policies Likely Violate Antitrust Law, German Regulator Says

5 days ago | theinformation.com | Theo Wayt

Source: The InformationAmazon’s technique for choosing which offers from outside merchants to prominently display on its e-commerce site likely violates German antitrust laws and discourages price competition across online retail, the country’s antitrust regulator said Monday. Amazon awards the “Buy Now” and “Add to Cart” buttons on listings based on its own rules and algorithms, which the German Federal Cartel Office said are not transparent.
Amazon to License New York Times Material for AI Training, Alexa

1 week ago | theinformation.com | Theo Wayt

Source: The InformationAmazon will license editorial material from The New York Times to train its artificial intelligence models, the companies said Thursday. Editorial content from The New York Times, as well from NYT Cooking and from sports-focused Times subsidiary The Athletic, will also appear in Amazon products and services, such as Alexa, the Times . The companies did not disclose financial terms of the deal.
Temu Parent PDD Growth Slows, Profits Plunge Amid U.S.-China War

1 week ago | theinformation.com | Theo Wayt

Source: The InformationPDD Holdings’ revenue growth slowed and profits plunged in the first quarter, the Chinese e-commerce giant reported Tuesday, as U.S.-China trade tensions battered the company’s overseas discount bargain site Temu. PDD shares were trading down 15% on Tuesday morning. PDD, which doesn’t break out Temu’s financials, said overall revenue grew 10% to $2.2 billion in the first quarter, the slowest growth in three years. Net income fell 47% year-over-year to $2.0 billion.
EU Plans Fee on Cheap Packages, Threatening Temu and Shein

2 weeks ago | theinformation.com | Theo Wayt

Source: Financial TimesThe European Union is planning to put a tax of 2 euros, or $2.25, on individual packages shipped directly to consumers from outside the bloc, the Financial Times reported Tuesday.
Amazon Caps Warehouse Inventory Amid Tariff Turmoil

2 weeks ago | theinformation.com | Theo Wayt

For many merchants selling on Amazon, a 90-day pause in steep U.S. tariffs on China should be a chance to stockpile inventory. But Amazon has already grown cautious about letting goods pile up in its warehouses, as it tries to keep its massive logistics and commerce business running efficiently amid trade turmoil.
Walmart Warns of Price Hikes

3 weeks ago | theinformation.com | Theo Wayt

Source: The InformationWalmart warned that tariffs have forced it to start raising prices and held back from providing second-quarter profit guidance, blaming the uncertain environment. Walmart shares fell nearly 5% in morning trading on Thursday but largely recovered to close down 0.5%. “We started to see increases happen in April and through May,” Walmart CEO Doug McMillon told analysts on Thursday.
Amazon to Use FedEx For Some Large Packages

3 weeks ago | theinformation.com | Theo Wayt

Source: The InformationFedEx will start delivering Amazon packages for the first time since 2019, the companies confirmed on Monday. The partnership will involve FedEx delivering “select large packages,” a FedEx spokesperson said. Amazon has been handling more of its own deliveries overall in recent years, but still relies on outside firms for some portion of its packages.
Amazon Expands Temu Rival Haul to U.K., Saudi Arabia

1 month ago | theinformation.com | Theo Wayt

Source: The InformationAmazon has expanded its ultra-cheap Temu competitor, Amazon Haul, to the United Kingdom and Saudi Arabia, the company said on Tuesday. Amazon first launched Haul in the U.S. in November, part of an effort to respond to the rise of discount online retailers Temu and Shein. In February, The Information first reported that Amazon planned to expand Haul internationally, including to Europe and Mexico.
Amazon Adds New Buying Option to iOS Kindle App After Apple Payments Ruling

1 month ago | theinformation.com | Theo Wayt

Source: The InformationAmazon has made it easier to purchase books through the Kindle iOS app, after a federal judge ordered Apple last week to let app developers offer ways to buy products outside of the iPhone maker’s app store. Customers that wanted to buy a Kindle book previously had to navigate themselves to the Amazon site on a web browser to make the purchase.
Marc Lore’s Food Company Wonder Raises $600 Million at $7 Billion Valuation

1 month ago | theinformation.com | Theo Wayt

Source: The InformationFood company Wonder has raised $600 million from investors including NEA and Accel, CEO Marc Lore said on Tuesday, bringing its total money raised to more than $2 billion. Wonder plans to use the money to expand its operations beyond the New York metro area, including by opening more of its restaurants in Philadelphia and Washington, D.C., Lore told Bloomberg. The latest round values Wonder at more than $7 billion, according to the outlet.