Amazon recently shut down a secretive project focused on developing an at-home fertility tracking product, CNBC’s Annie Palmer reports, citing internal documents and people familiar with the matter. The project was part of Amazon’s moonshot incubator Grand Challenge, which launched under founder Jeff Bezos as a way to develop experimental businesses. As a result of the project being shut down, a small group of employees will be laid off, Palmer writes.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Amazon (NASDAQ:AMZN) Rolls Out Discount Store
- Charter to acquire Liberty Broadband, Spotify reports Q3 beat: Morning Buzz
- Amazon introduces discount store Amazon Haul, everything under $20
- Honest Company price target raised to $7 from $5 at Loop Capital
- Amazon makes it difficult for disabled workers to work from home, Bloomberg says