Tag Archives: Amazon

Amazon Readies Purge Of Thousands Of Small Vendors

Yahoo Finance reports: Two months ago, Amazon.com Inc. halted orders from thousands of suppliers with no explanation. Panic ensued — until the orders quietly resumed weeks later, with Amazon suggesting the pause was part of a campaign to weed out counterfeit products. Suppliers breathed a sigh of relief. Now a larger, more permanent purge is coming that will upend the …

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Ex-Wife Of Jeff Bezos Pledges $17 Billion To Charity

Vox reports: Less than two months after finalizing her divorce from the world’s richest person, MacKenzie Bezos has indicated that she intends to be a far more generous philanthropist than her husband has ever been. MacKenzie Bezos announced in a letter on Tuesday that she had signed the Giving Pledge, a commitment to give half of her $35 billion in …

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Walmart To Roll Out Free One-Day Delivery Program

The Verge reports: Walmart will offer free one-day delivery on up to 220,000 items on its online store with orders over $35. Walmart is currently offering the new service in Phoenix and Las Vegas, and will come to Southern California in the coming days. The retailer expects the service to be available to 75 percent of the US by the …

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Streaming Services Win Battle For Oscars Eligibility

CNBC reports: In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize. The decision follows a battle over how long a movie must play on the big screens in theaters before being launched on the internet, DVD, …

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Bezos Divorce: He Keeps All Of WaPo, 75% Of Amazon

NBC News reports: Amazon CEO Jeff Bezos and MacKenzie Bezos, have finalized their divorce. The powerful business executive, whose portfolio includes The Washington Post, and his now-former wife announced the dissolution of their marriage in separate statements on Twitter. “Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached …

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Online Shopping Overtakes Brick-And-Mortar Sales

CNBC reports: Online shopping led by Amazon hit a new milestone in February. The total market share of “non-store,” or online U.S. retail sales was higher than general sales for the first time in history, according to a report from the Commerce Department this week. Non-store retail sales last month accounted for 11.813 percent of the total, compared with 11.807 …

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REPORT: Homocon Brother Of Jeff Bezos’ Mistress Sold Racy Text Messages To National Enquirer For $200,000

The Huffington Post reports: Contrary to Jeff Bezos’ suspicions, it wasn’t the White House, Saudi Arabia or hackers who provided the National Enquirer with the cache of racy text messages that the Amazon founder sent to his girlfriend. Instead, according to a new report by The Wall Street Journal, it was her brother who shared the private messages with the …

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Sen. Elizabeth Warren Calls For Breaking Up Big Tech: I Will End Google, Facebook, And Amazon’s Monopolies

From Sen. Elizabeth Warren’s post on Medium: Twenty-five years ago, Facebook, Google, and Amazon didn’t exist. Now they are among the most valuable and well-known companies in the world. It’s a great story — but also one that highlights why the government must break up monopolies and promote competitive markets. I want a government that makes sure everybody — even the biggest and most …

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Cuomo Leads Push For Amazon To Reconsider NYC

The Verge reports: Amazon has said it’s ending plans for a New York City headquarters, but a group of state officials, businesspeople, and union leaders are asking the company to stay. In an open letter set to be published in the New York Times tomorrow, the group will ask Amazon CEO Jeff Bezos to reconsider the company’s decision to abandon …

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Amazon Cancels Plan For Second HQ In New York City

CNBC reports: Amazon says it will not build a headquarters in New York following mounting opposition, the company said in a statement Thursday. Last week, The Washington Post first reported that Amazon executives were considering backing out of its planned move to New York City. New York Governor Andrew Cuomo had warned at a news conference last week following the …

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REPORT: Amazon “Rethinking” New HQ In New York City

Axios reports: Amazon is rethinking its plans to bring 25,000 jobs and a second headquarters to Long Island City in Queens after local activists and state lawmakers voiced staunch opposition to the company’s deal with New York, reports the Washington Post, citing two people familiar with Amazon’s thinking. The backdrop: While Amazon has had smooth processes in Virginia and Tennessee …

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Woody Allen Sues Amazon For $68M Over Movie Deal

Variety reports: Woody Allen filed a $68 million suit against Amazon Studios Thursday, alleging that the streamer has backed out of a four-picture deal due to “a 25-year-old, baseless allegation.” Allen alleges that Amazon has refused to release his film “A Rainy Day in New York,” though it has been complete for more than six months. The suit also states …

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Amazon Becomes World’s Most Valuable Company

CNBC reports: Amazon is now the largest company by market value, overtaking Microsoft’s hold on the title. Amazon’s ended trading Monday with a market value of about $797 billion, compared with Microsoft’s $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last …

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Amazon Boots Ex-Gay Torture Group From App Store

Via press release from Truth Wins Out: A day after it sent an open letter to the CEO’s of Amazon and Google, Truth Wins Out applauded Amazon for removing an “ex-gay” app from its online store. Amazon’s commendable move follows Apple’s elimination of the app last week, after TWO launched a petition that urged Apple to take action. If one …

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VIRAL VIDEO: Glitter Bomb Vs Package Pirates

Engadget reports: Because we live in a world where we can’t have nice things, package theft is a real problem, and in recent times unscrupulous individuals stealing parcels from porches have prompted police sting operations, as well as longer-term tech innovation, such as Amazon’s smart locks. But neither of these things do a whole lot for theft victims longing for …

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Amazon To Get $1.5B Tax Break For NYC Headquarters

The New York Daily News reports: Amazon will get $1.5 billion in tax breaks and grants from New York to host half its new headquarters in Long Island City. The company announced Tuesday, after weeks of speculation, that it will open new headquarters in Queens, and Arlington, Virginia. Each location is expected to be home to more than 25,000 employees, …

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Amazon To Split New HQ Between NYC And DC Suburb

Reuters reports: Amazon.com Inc will on Tuesday announce it has selected New York and Northern Virginia for its second headquarters, a source told Reuters, ending a more than year-long contest that has seen frenzied bidding from locales across North America. Amazon’s plan to split its second headquarters, dubbed “HQ2”, evenly between two cities will boost its presence around New York …

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DC Suburb Likely To Get Second Amazon Headquarters

The Washington Post reports: Amazon.com has held advanced discussions about the possibility of opening its highly sought-after second headquarters in Crystal City, including how quickly it would move employees there, which buildings it would occupy and how an announcement about the move would be made to the public, according to people close to the process. The discussions were more detailed …

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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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