Nintendo vs Amazon
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 June 2025
⏱️ 5 minutes
🧾️ Download transcript
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Show Notes
Oracle rallies on CEO comments, upgrade
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. |
| 0:09.7 | Good afternoon. Today is Monday, June 30th, and I'm your host, Kim Khan. Our top story so far, |
| 0:15.4 | Amazon appears to have lost the right to sell Nintendo products on its U.S. website amid a conflict over third-party sales on |
| 0:21.5 | Amazon's marketplace. Bloomberg reports that the dispute stems from merchants buying Nintendo |
| 0:26.4 | products in bulk in Southeast Asia and selling them at discounted prices on Amazon's marketplace. |
| 0:31.9 | As a result, Nintendo products listed as sold by Amazon began disappearing from the site, |
| 0:36.5 | despite efforts by Amazon to appease Nintendo with assurances that, began disappearing from the site, despite efforts by Amazon to |
| 0:37.9 | appease Nintendo with assurances that only authentic products from the Japanese company |
| 0:42.1 | would be sold by Amazon directly. Both Nintendo and Amazon denied in a conflict, Bloomberg |
| 0:47.3 | said. However, when Nintendo released the Switch 2 this month, the company only stocked |
| 0:51.9 | the console at Target, Walmart, and Best Buy. It wasn't offered |
| 0:55.5 | on Amazon in the U.S., although the company can still sell the console in Canada, Japan, and the |
| 1:00.0 | UK. Looking to global trade, Canadian Prime Minister Mark Carney said late Sunday that trade talks |
| 1:05.6 | with the U.S. have resumed after Canada rescinded its plan to tax U.S. tech firms just one day before the first tax payments were due. |
| 1:13.4 | The move comes after President Trump announced on Friday that he was ending all trade discussions with Canada, |
| 1:18.4 | effective immediately, due to the tax which he called a direct and blatant attack on our country. |
| 1:23.5 | Calling Canada a very difficult country to trade with, Trump said he would decide a tariff |
| 1:27.5 | rate for Canada within the next week. Canada's digital services tax required large foreign and |
| 1:33.2 | domestic businesses to pay a tax on revenue earned from online users in Canada. The tax was due |
| 1:38.1 | to hit companies, including Amazon, Google, Meta, Uber, and Airbnb, with a 3% levy on revenue |
| 1:43.5 | from Canadian users. |
| 1:45.4 | Among active stocks, Apple's smart glasses are set to drive the next wave in consumer electronics, |
... |
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