Despite some heady numbers on major shopping days such as Black Friday and Cyber Monday, and pretty much nothing but positive reports about e-commerce leader Amazon.com (AMZN), market tracker ComScore’s final figures show U.S. online holiday sales fell well short of expectations. What that might mean for some e-tailers will start being known as Q4 earnings are reported. But the research firm says U.S. online retail sales Nov. 1 through Dec. 31
Amazon.com (AMZN) has confirmed for the first time that its total number of Amazon Prime members worldwide is more than 20 million, says Macquarie analyst Ben Schachter. Schachter said in a research note Monday that he sought clarification from Amazon after it posted a press release on its website on Dec. 26 that stated, among other things, that “Amazon Prime membership continues to grow, and we now have tens of millions of members worldwide.” “We
Morgan Stanley on Tuesday downgraded Netflix (NFLX) on worries about tougher competition in the Internet video streaming field from Amazon.com (AMZN) and others, sending Netflix stock falling. Netflix’s subscriber growth may lag estimates because of stiffer competition, says Morgan Stanley in its research note. Netflix, the fourth-best performer of 2013, when it nearly tripled, was down 5% in early trading in the stock market today, at a