Jeff Bezos

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5 Years After Bezos Prediction, No Amazon Drones

It's not clear if plan will ever become reality

(Newser) - Jeff Bezos boldly predicted five years ago that drones would be carrying Amazon packages to people's doorsteps by now. Amazon customers are still waiting. And it's unclear when, if ever, this particular order by the company's founder and CEO will arrive. Bezos made billions of dollars by...

Bezos: 'One Day, Amazon Will Fail,' Go Bankrupt

But it's workers' responsibility to 'delay' that demise as long as possible, CEO said

(Newser) - As Amazon prepares to branch out with new headquarters sites in two cities , some employees are concerned what this expansion, and the company's size overall, could ultimately mean for the retailing giant. Their CEO's words on the matter may not be entirely reassuring. "I predict one day...

Amazon's 2 Winning Cities Will Get 25K Jobs Each

They will be in Virginia and NYC, sources say

(Newser) - Disappointment for Dallas, Toronto, Atlanta, Pittsburgh, and most of the other cities and regions on Amazon's shortlist : Sources tell the Wall Street Journal and other outlets that the company has picked sites in Northern Virginia and New York City for its "second headquarters." The Journal's sources...

News Leaks About Amazon HQ Pick, and an Exec Is Not Happy

Company official disses 'genius' talking about Crystal City, Virginia, as front-runner

(Newser) - The Washington Post thinks it might have figured out where Amazon will locate its second headquarters : Crystal City, Virginia. The locale is in the DC metro area, and the newspaper reports that Amazon and local officials are in "advanced discussions" about the company setting up shop there with an...

Jeff Bezos Just Lost $9B
Jeff Bezos Just Lost $9B 
Oct 11, 2018 12:24 PM CDT

Jeff Bezos Just Lost $9B

As Dow plunged 832 points

(Newser) - Wednesday's stock market plunge hit Jeff Bezos harder than any other billionaire, USA Today reports. The Amazon founder and CEO lost more than $9 billion during the selloff, which saw the Dow dive 832 points. Of course, Bezos is still doing pretty well for himself; he's still sitting...

Vanity Fair Names 2018's 'Disruptors'

Students, CEOs, celebrities are among them

(Newser) - What do Kendrick Lamar, Robert Mueller, and the Parkland students have in common? They all land on Vanity Fair's 2018 "New Establishment" list, a hard-to-define (just check out the magazine's subhead) collection of "disruptors" —fresh faces and familiar ones "up to fresh tricks"—...

For First Time in 24 Years, a New No. 1 on Forbes 400

Jeff Bezos unseats Bill Gates

(Newser) - Jeff Bezos recently became the richest person in modern history , and on Wednesday came another milestone for the Amazon founder: For the first time since 1994, Bill Gates has been unseated at the top of the Forbes 400. Bezos is the first new No. 1 in 24 years, with a...

Jeff Bezos Is Making a $2B Philanthropic Move

The money will go to help homeless families and establish free preschools

(Newser) - Some 15 months ago, the richest person on Earth asked, via Twitter, for suggestions about how he can share the wealth. On Thursday, Jeff Bezos of Amazon tweeted his plan to commit $2 billion to what he's calling the Bezos Day One Fund, CNBC reports. The money will be...

Bernie Just Named a Bill After Jeff Bezos. Bezos Won't Like It

Stop BEZOS Act would push companies like Amazon to pay workers a living wage

(Newser) - There's no more subtlety in Bernie Sanders' row with Amazon, a company he's faulted for poor working conditions and pay. In a specific dig at CEO Jeff Bezos, the independent Vermont senator on Wednesday introduced the Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act, which would...

Amazon Just Joined Apple in Elite Club

It's the second trillion-dollar company

(Newser) - Less than a month after Apple became the first US company to reach a valuation of $1 trillion, Amazon has become the second. Shares gained 2% to hit a record high of $2,050.27 Tuesday, and with nearly 488 million shares outstanding, that puts the 24-year-old company’s value...

Bezos' Parents Invested $245K, Could Be Mindbogglingly Rich

Bloomberg does the very favorable math

(Newser) - Some parents buy extra boxes of Girl Scout cookies to support their kiddos. Jackie and Mike Bezos did just a bit more than that for their son (stepson, in Mike's case), and it has possibly made them billionaires many times over. Bloomberg takes a look at what it says...

Jeff Bezos' Net Worth Just Hit a Huge Milestone

Amazon founder is now the richest person in modern history, with $150B

(Newser) - It's a very happy Prime Day indeed for Jeff Bezos: On Monday morning, the Amazon founder became the richest person in modern history, Bloomberg reports. Bezos, 54, now has a net worth of about $150 billion, $55 billion more than the second-richest person in the world, Bill Gates. Gates...

Stolen Schnauzer Retrieved After Email to Jeff Bezos

A driver delivering dog food for Amazon allegedly dog-napped the pooch first

(Newser) - Richard Guttfield was playing snooker at his $2 million estate in Buckinghamshire, England, when Wilma, his black miniature schnauzer suddenly disappeared. His only clue: The 11-month-old puppy went missing shortly after an Amazon driver had delivered a package of dog food. The businessman wasn’t certain that there was a...

Amazon Hikes Annual Prime Price
Amazon Hikes
Annual Prime Price  
Apr 27, 2018 12:41 AM CDT

Amazon Hikes Annual Prime Price

It jacked up the monthly fee in January

(Newser) - Amazon is raising the price of its annual Prime membership fee to $119 a year, up 20% from $99. New Prime members in the US will be charged the higher price starting May 11. The increase will apply to renewals of existing memberships starting on June 16. Besides free two-day...

Amazon Just Shared a Secret Number
Amazon Just Shared
a Secret Number
Apr 19, 2018 2:55 AM CDT

Amazon Just Shared a Secret Number

Jeff Bezos reveals number of Prime subscribers

(Newser) - After years of speculation, Jeff Bezos finally disclosed the number of Amazon Prime subscribers Wednesday, and it was a big, round one: The CEO said in a letter to shareholders that the service now has at least 100 million subscribers, CNBC reports. He said the company shipped more than 5...

Trump&#39;s Venom Against Amazon Is &#39;Personal&#39;
Trump's Venom Against
Amazon Is 'Personal'
the rundown
Apr 3, 2018 11:15 AM CDT

Trump's Venom Against Amazon Is 'Personal'

'Vanity Fair' reports that he's fixated on taking down Jeff Bezos, owner of 'Washington Post'

(Newser) - President Trump continued his attacks on Amazon Tuesday with a morning tweet again accusing the company of getting a sweetheart deal from the post office in regard to shipping. "I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy,...

Trump's Criticism of Amazon Is Taking a Toll

President complains about Bezos' company, and its stock suffers

(Newser) - Amazon's stock is tumbling—it slid 4% on Wednesday, which translates to a loss of $53 billion, reports Gizmodo —and the slide was continuing on Thursday. The reason? It seems to be a prominent critic who just happens to be president. "I have stated my concerns with...

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'...

An Extraordinary Clock Is Being Built in Texas

Jeff Bezos ponied up the land for the 10K-year clock

(Newser) - The clock has been in the works for three decades—essentially a blink of the eye in the grand scheme of things. That's because the timepiece, dreamed up by Danny Hillis in 1989, per CNBC , is designed to run for 10,000 years without any human intervention. Hillis'...

3 Corporate Giants to Go After the 'Hungry Tapeworm'

Amazon, JPMorgan, Berkshire Hathaway will team up on health care

(Newser) - "The ballooning costs of health care act as a hungry tapeworm on the American economy," says Berkshire Hathaway CEO Warren Buffett, and he has teamed up with some equally huge names in an attempt to go after said tapeworm. Amazon.com, Berkshire Hathaway, and JPMorgan Chase on Tuesday...

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