Annandale Capital CEO George Seay joins Yahoo Finance’s Zack Guzman to break down the latest market action, as stocks rise on hopes of second stimulus package deal.
While Amazon gradually builds out its own-branded line of products, third-party sellers continue to account for a significant part of the transaction volume and growth on its marketplace -- by one estimate, accounting for $200 billion of the $335 billion in gross merchandise value sold on Amazon in 2019. Today, in a twist on the economies of scale that has propelled much of Amazon's growth, a Boston startup that has built a tech platform that it uses both to buy up and then run D2C brands sold on Amazon is announcing a major round of growth funding to expand its business. Perch, which acquires D2C businesses and products that are already selling on Amazon, and then continues to operate and grow those operations, has raised $123.5 million in funding.
(Bloomberg) -- Amazon.com Inc. will let corporate employees work from home through June 2021, the latest company to push back re-opening offices as Covid-19 cases surge again across the U.S.“We continue to prioritize the health of our employees and follow local government guidance,” an Amazon spokeswoman said in an email. “Employees who work in a role that can effectively be done from home are welcome to do so until June 30, 2021.”The Seattle-based company had previously said workers could stay home until early 2021. Uncertainty around school re-openings -- and abrupt closures tied to coronavirus outbreaks -- has complicated the return to work for parents of school-aged children.Alphabet Inc.’s Google announced several months ago that it will continue letting employees work from home until July 2021. Facebook Inc., Twitter Inc. and Square Inc. are among the technology companies that have told some staff members they may move to remote work permanently if they choose.Amazon “has invested significant funds and resources to keep those who choose to come to the office safe through physical distancing, deep cleaning, temperature checks, and by providing face coverings and hand sanitizer,” the spokeswoman said.Amazon’s largely blue-collar warehouse employees have continued working at the e-commerce company’s facilities around the country, prompting concerns about safety and stirring labor strife within the company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.