Jeff Bezos

Biden Helps Jeff Bezos by Weakening Spaceflight Rules

The Biden administration recently changed rocket procurement rules for Phase 3 of the National Security Space Launch System — the program the United States government uses to launch payloads into space — in a way that may provide significant financial benefits to Blue Origin and its founder, Amazon Executive Chairman Jeff Bezos.

(INSET: Blue Origin rocket) Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019. (Photo by Mark RALSTON / AFP) (Photo by MARK RALSTON/AFP via …

Bezos Blunder: Amazon to Close 8 Cashierless Convenience Stores

Internet retail giant Amazon is closing eight of its Amazon Go convenience stores in San Francisco, Seattle, and New York City, amid wider cuts in the tech giant’s brick-and-mortar stores. Several of the stores are located in Seattle’s troubled downtown district where crime and open-air drug use are crowding out big business.

Amazon Go store

Amazon Tech Employees Are Up in Arms over Return-to-Office Mandate

Amazon’s corporate employees are pushing back on the company’s recent return-to-office orders. One employee reportedly commented, “By arbitrarily forcing return-to-office without providing data to support it and despite clear evidence that it is the wrong decision for employees, Amazon has failed its role as Earth’s best employer. I believe this decision will be detrimental to our business and is antithetical to how we make decisions at Amazon.”

Jeff Bezos at Blue Origin press event ( Joe Raedle /Getty)

Not So Prime: Amazon’s Sluggish Growth Forecast Causes Stock to Drop

E-commerce giant Amazon recently reported fourth-quarter sales beating analysts’ estimates, but reported its first unprofitable year since 2014 due largely to its fizzling investment in electric truck builder Rivian. The company’s sluggish first-quarter guidance has caused its stock to drop more than four percent in morning trading.

Jeff Bezos at Blue Origin press event ( Joe Raedle /Getty)