Amazon.com, Inc. (NASDAQ:AMZN) has killed off the Amazon Wallet app and its own line of diapers, reports reveal.
According to The Verge, Amazon.com, Inc. (NASDAQ:AMZN) announced that they will be shutting the Amazon Wallet app today. With the move, the payments application will be pulled from Google Play and the Amazon Appstore.
It is, however, important to note that the Amazon Wallet app was launched in beta and it has not graduated from the status. It was also only capable of using gift, loyalty and membership cards but not traditional debit or credit cards.
“We’ve learned a great deal from the Amazon Wallet beta program and will look for ways to apply these lessons in the future as we continue to innovate on behalf of our customers,” spokesman Tom Cook was quoted by the publication as saying.
The Amazon Wallet app was launched just six months ago.
Meanwhile, according to GigaOm, Amazon.com, Inc. (NASDAQ:AMZN) is also pulling its line of eco-friendly diapers from its stores. The move comes just six weeks after the Amazon Elements line, which also includes baby wipes, was launched as an exclusive range for Prime members.
According to GigaOm, Amazon made the decision to kill its own diaper product because of design. There’s no indication of the email sent by the electronic commerce giant when or if the diapers will be sold again.
“Based on early customer feedback, we are making some design improvements to the diaper. In the meantime, Amazon Elements Soft & Cozy Diapers are no longer available, and we’ve stopped your subscription,” the email posted by GigaOm reads.
As consolation, Amazon.com, Inc. (NASDAQ:AMZN) has given its Prime members who opted for the diapers a $25 credit to their account.
Christopher Lord’s Criterion Capital owned 269,008 Amazon.com, Inc. (NASDAQ:AMZN) shares by the end of September, a 40% decrease quarter-over-quarter. Worth about $86.74 million at the end of the third quarter of 2014, the stake made up 2.53% of Criterion’s whole portfolio.