Tag Archives: Amazon

Sears Finally Declares Bankruptcy, 142 Stores To Close

The New York Times reports: Sears, which more than a century ago pioneered the strategy of selling everything to everyone, filed for bankruptcy protection early on Monday. The company had long ago given up its mantle as a retail innovator. It was overtaken first by big box retailers like Walmart and Home Depot and then, by Amazon as the go-to ...

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Toys R Us Creditors Plan To Revive Brand [VIDEO]

The New York Post reports: It’s official: Toys R Us will live on. The iconic retailer’s debtholders are forming a new company, Geoffrey LLC that will control the Toys R Us and Babies R Us brands, including e-commerce assets and data associated with the brands, the debtors said late Tuesday night. They also plan to open stores in the US ...

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Amazon Raises Minimum Wage To $15/Hour

CNBC reports: Amazon announced Tuesday it’s raising the minimum wage for all U.S. employees to $15, effective next month. The new minimum wage will benefit more than 250,000 Amazon employees — including part-time and temporary employees — as well as another 100,000 seasonal employees, the company said. Some employees who already make $15 per hour will also see a pay ...

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Jeff Bezos Slams Trump For “Demonizing” The Media

Politico reports: Amazon CEO and Washington Post owner Jeff Bezos took aim at President Donald Trump over his criticism of journalists Thursday night, saying his rhetoric calling the media the “enemy of the people” erodes the freedom of the press the nation cherishes. “It is a mistake for any elected official in my opinion … to attack media and journalists. ...

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Amazon Follows Apple In Topping $1 Trillion Market Cap

CNBC reports: Amazon just passed a $1 trillion market cap, and analysts are still telling investors to buy, buy, buy. Of the 47 analysts with ratings on Amazon, 45 (or 96 percent) say analysts should keep accumulating the shares, according to FactSet. That’s the highest ratio of buy recommendations among the 10 most valuable U.S. tech companies. Apple, which last ...

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Amazon To Launch Free Ad-Supported Video Service

Ad Week reports: Amazon.com has an ad-supported TV service in the works that would be free to those who use the company’s Fire TV streaming devices. The service is reportedly being developed by the Internet Movie Database (IMDb), which Amazon acquired in 1998. It will be called “Free Dive.” Sources told us that Amazon is talking with major TV studios ...

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Trump Threatens Antitrust Lawsuit Against Amazon

CNBC reports: President Donald Trump is again taking aim at Amazon for “using” the U.S. Postal Service as its “delivery boy,” raising the possibility of bringing antitrust claims against the company. Trump railed against the e-retailer and the newspaper — both owned by billionaire Jeff Bezos — in a series of tweets Monday morning, claiming the newspaper has “gone crazy” ...

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Christian Group: Boycott “Totalitarian Leftist” Amazon

From the right wing Christian group 2nd Vote: Last week, we highlighted Overstock.com shoppers looking for a better alternative to Amazon. That was because Amazon is a bastion of left-wing activism, whereas Overstock appears to be largely politically neutral while still providing solid service. According to our research, Overstock.com engages in no political activism. It just sells you stuff that ...

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Glorious Leader Calls For Twitter To Delete “Fake” Accounts For New York Times And Washington Post

The Hill reports: President Trump on Saturday floated the idea of Twitter dumping major national news publications including The New York Times and The Washington Post as the social media platform removes “fake” accounts. Twitter has stepped up its efforts to remove accounts on the platform in recent months amid criticism over harassment and fake accounts. The platform suspended more ...

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SCOTUS Rules States Can Collect Sales Tax On Internet Businesses That Have No Local Physical Presence

The New York Times reports: Internet retailers can be required to collect sales taxes in states where they have no physical presence, the Supreme Court ruled on Thursday. Brick-and-mortar businesses have long complained that they are disadvantaged by having to charge sales taxes while many of their online competitors do not. States have said that they are missing out on ...

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Anti-LGBT Hate Group Whines They’re Banned From AmazonSmile Program As An Anti-LGBT Hate Group

Via press release from Alliance Defending Freedom: Over the past couple of weeks, we’ve received many calls, emails, and Facebook messages with a major concern: Our Ministry Friends were no longer able to give to Alliance Defending Freedom (ADF) through the AmazonSmile program. In case you’re not familiar with it, AmazonSmile is a website that allows a customer to choose ...

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Search For New Amazon HQ Hinges On LGBT Rights

The Washington Post reports: When Amazon executives recently toured the Dallas-Fort Worth area, one of 20 finalists for a second company headquarters, local officials touted its growing workforce and low taxes as perfectly suited to accommodate 50,000 planned Amazon jobs. But the local team also brought an unexpected guest: the Rev. Neil G. Cazares-Thomas, pastor of a predominantly gay megachurch ...

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Trump Orders Overhaul Of USPS Business Model

Another obvious attack on Jeff Bezos: President Trump, who has assailed Amazon.com and falsely accused the online retail giant of cheating the U.S. Postal Service by taking advantage of bulk delivery rates, on Thursday night ordered a sweeping overhaul of the Postal Service’s business model. Trump issued an executive order forming an administration task force, to be chaired by Treasury ...

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Preet Bharara To Bezos: Buy Twitter And Delete Trump

Raw Story reports: Former U.S. Attorney Preet Bharara made what must have been a tempting suggestion to Amazon founder Jeff Bezos: Buy Twitter and shut down President Donald Trump’s account. Amazon lost $53 billion in market capital recently after Axios reported that the president wanted to “go after” the company. Trump has had a long-running beef with Bezos, who also ...

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REPORT: Trump Obsessed With “Fucking With” Bezos

Vanity Fair reports: For the first time in Donald Trump’s presidency, the West Wing soap opera appears to be in hiatus, with many of its starring characters (Gary Cohn, Hope Hicks) either permanently offstage or with much reduced roles (John Kelly, Jared Kushner). Currently, there’s one star—a situation Trump is obviously enjoying—and his new freedom is used to focus ever ...

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Stock Slumps After Trump Again Threatens Amazon

Reuters reports: Shares of Amazon.com Inc fell 3 percent on Monday after U.S. President Donald Trump again attacked the online retailer over the pricing of its deliveries through the U.S. postal system and promised unspecified changes. Trump on Thursday accused Amazon of not paying enough tax, making the postal system lose money and putting small retailers out of business. But ...

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Bernie Sanders: Amazon Has Gotten Too Big [VIDEO]

Via Mediaite: Appearing on CNN’s State of the Union today, Sen. Bernie Sanders seemed to endorse some of what the president has said of the massive company. Asked by anchor Jake Tapper if he believed Amazon had gotten too big, the independent senator answered in the affirmative. “Yeah, I do. I do,” Sanders declared. “I think this is — look, ...

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Trump Continues Attack On Amazon & Washington Post

The Hill reports: President Trump on Saturday claimed that The Washington Post is a “lobbyist” for Amazon. Trump made the claim during a pair of tweets railing against Amazon. The Post is owned by Amazon CEO Jeff Bezos. However, The Post and Amazon are two separate entities. This isn’t the first time that Trump has accused The Post of lobbying ...

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Trump Falsely Claims Amazon Pays “Little Or No” Sales Tax (Amazon Now Pays In All States With Sales Tax)

The Wall Street Journal reports: President Donald Trump criticized Amazon.com Inc. on Thursday, saying the e-commerce giant was “putting many thousands of retailers out of business.” Shares of Amazon.com slid on Wednesday amid speculation that the White House wanted to curb the company’s growing dominance. In a briefing on Wednesday, White House press secretary Sarah Huckabee Sanders said that Mr. ...

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REPORT: Trump “Obsessed” With Punishing Amazon

Axios reports: Capitol Hill wants Facebook’s blood, but President Trump isn’t interested. Instead, the tech behemoth Trump wants to go after is Amazon, according to five sources who’ve discussed it with him. “He’s obsessed with Amazon,” a source said. “Obsessed.” What we’re hearing: Trump has talked about changing Amazon’s tax treatment because he’s worried about mom-and-pop retailers being put out ...

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