Tag Archives: Amazon

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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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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