People would rather have an Amazon warehouse in their backyard than a data center https://t.co/zAfvgWWFUt ...

Amazon hits sellers with ‘fuel surcharge’ as Iran war roils global energy markets https://t.co/IRChOkv9RD ...

Amazon is imposing a 3.5% fuel surcharge on independent merchants that sell on its platform later this month, a move that could translate to higher prices for consumers. https://t.co/8mQOTJltKo ...

🚨JUST IN: MERCADO LIBRE TO PHASE OUT MERCADO COIN REWARDS TOKENLatin America’s largest e-commerce platform is reportedly shutting down Mercado Coin, according to CoinTelegraph.The loyalty token was launched back in August 2022. It offered cashback and perks to users on purchases.Mercado Libre has set a firm deadline for users. Balances must be sold or spent via Mercado Pago. If not, funds will be converted into Brazilian reals. ...

Core Viewpoint - Delta Airlines has partnered with Amazon's low Earth orbit satellite network, LEO, to enhance in-flight entertainment and connectivity for passengers, marking a significant advancement in airline Wi-Fi services [1][4][10]. Group 1: Partnership Details - Amazon's LEO will provide satellite internet service to Delta, improving Wi-Fi for over 200 million passengers annually, starting with 500 planes in 2028 [4][34]. - The collaboration aims to deliver significantly better uplink and downlink performance, with improvements of six to eight times better uplink performance compared to current services [6][18]. - Delta has a history of providing free fast Wi-Fi and aims to maintain its leadership in this area by integrating Amazon's advanced technology [8][9]. Group 2: Technological Advancements - Amazon has already launched 200 satellites and plans to deploy a total of approximately 3,200 satellites, with an investment of $10 billion already made and more planned [20][28]. - The technology behind LEO is described as capital-intensive but expected to yield attractive free cash flow and return on invested capital in the long term [23][24]. - The integration of LEO with AWS is anticipated to provide unique opportunities for enterprises and governments, enhancing data transfer capabilities [24]. Group 3: Competitive Landscape - The partnership is seen as a direct competition to Elon Musk's Starlink, which currently has a head start with thousands of satellites already in orbit [32][33]. - Delta's decision to partner with Amazon is influenced by the need to stay competitive in the rapidly evolving technology landscape of in-flight connectivity [11][18]. - The financial terms of the deal are expected to be competitive against Starlink, with Delta anticipating lower costs compared to current expenses [18][19].

Core Insights - Mercado Pago, the fintech arm of MercadoLibre, is discontinuing its cryptocurrency Mercado Coin, which was launched in 2022 as part of its loyalty program [1][2] - The focus has shifted to "Meli Dolar," a stablecoin pegged to the U.S. dollar, available in Brazil, Mexico, and Chile [2] - Remaining balances of Mercado Coin must be utilized or sold by April 17, or they will be converted to Brazilian reais [3] Group 1 - Mercado Coin was introduced as a cashback incentive for customers in Brazil, the primary market for MercadoLibre [2] - The discontinuation of Mercado Coin is part of a strategic evolution in the company's approach to cryptocurrency [2] - The transition to Meli Dolar indicates a shift towards more stable digital currency offerings [2]

After four years, Mercado Libre is reportedly phasing out its in-house cryptocurrency offering Mercado Coin.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.That’s according to a report Tuesday (March 31) from Coind ...

Core Viewpoint - Shopify's stock is projected to have a price target of $129.65 by 2026, indicating a 16% upside from its current price of $111.77, despite a recent pullback in shares [5][6]. Financial Performance - Shopify reported Q4 revenue of $3.67 billion, reflecting a year-over-year increase of 30.58% and surpassing consensus estimates by 2.34% [2][8]. - Free cash flow for the quarter reached $715 million, with a margin of 19%, marking the tenth consecutive quarter of double-digit free cash flow [2][8]. - Operating income grew by 35.7% year-over-year in the same quarter, although GAAP net income declined by 42.54% due to equity investment mark-to-market swings [8]. Market Position and Growth Drivers - Shop Pay Gross Merchandise Volume surged by 62% year-over-year, indicating strong growth in the payments layer as a monetization engine [2][9]. - Merchant Solutions revenue grew by 35% year-over-year in Q4, with potential for further acceleration driven by AI commerce tools and enterprise platform adoption [9][10]. Stock Performance and Valuation - Shopify shares have decreased by 7.7% over the past week and 7.42% over the past month, currently trading well below their 52-week high of $182.19 [3][7]. - The trailing P/E ratio stands at 118.99x, reflecting high growth expectations that need to be consistently met [11]. Future Price Projections - Price targets for Shopify are projected as follows: $129.65 in 2026, $138.00 in 2027, $148.00 in 2028, $158.00 in 2029, and $167.81 in 2030, with a base case reflecting a 61.18% total return from current levels [14][15]. - The bull case target for 2030 could reach $329.73 if growth in AI commerce tools and international expansion continues at current rates [15].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

The stock move comes as Amazon rolls out significant updates spanning labor relations, partnerships, and fintech.Teamsters Reach Settlement Over Right to StrikeIn a major shift in labor relations, Amazon reached a settlement to stop retaliating against workers who exercise their right to strike. The deal follows pressure from the Teamsters Union and mediation by the National Labor Relations Board (NLRB).The agreement covers all 1,300 U.S. facilities.Delta Air Lines Taps Amazon Leo for In-Flight Wi-FiThe ser ...