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Amazon’s first “Prime Air” cargo jet soars over Seafair. (Credit: Scott Eklund / Red Box Pictures)

Amazon’s stock is essentially flat, trading up .51 a share to 6.25. But if Alibaba is able to raise money at a 0 billion evaluation, Amazon will have a new competitor. Its market cap currently sits at slightly more, or 3 billion.

Amazon’s “technology and content” expense rose 25 percent to just over billion in the second quarter. For the first time ever, the company also spent more than billion on stock-based compensation for technology and content, a figure that points to increased engineering hiring.

Amazon’s grocery delivery service is also seeing huge demand as more people order groceries online. The company said Sunday that it won’t accept new customers for its Amazon Fresh grocery delivery service and will place them on a waitlist. Amazon is reserving some shopping hours at its Whole Foods grocery stores so that online delivery orders can be fulfilled.

Ameya Rahane and his mom, Aditi Rahane, of Pune, India