Tag Archives: Amazon

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 …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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. …

Read More »

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 …

Read More »

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 …

Read More »

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” …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »