Jeff Bezos - Page 6

Amazon founder Jeff Bezos lost $20 billion in wealth in one day following the poor performance of Amazon’s stock. Bezos still has $150 billion to his name despite Amazon’s disastrous earnings report.

China’s state-run Global Times on Wednesday published the latest in a string of editorials defending Tesla Inc. owner and Twitter buyer Elon Musk and lambasting his critics, especially Amazon/Washington Post owner Jeff Bezos and anyone who echoed his speculation that Communist China might use its economic leverage over Musk to control Twitter content.

China’s state-run Global Times on Tuesday rushed to defend Twitter’s new owner-to-be, Elon Musk, from criticism by Amazon and Washington Post owner Jeff Bezos.

Amazon founder and Washington Post owner Jeff Bezos criticized a fellow billionaire’s purchase of a media company on Tuesday by wondering if Communist China might use economic pressure against Elon Musk to gain “a bit of leverage” over Twitter. The Chinese Foreign Ministry brusquely labeled such ideas as “speculation . . . without any factual basis.”

E-commerce giant Amazon is facing yet another union vote, this time at a facility directly across the street from the Staten Island warehouse that recently voted to unionize.

Amazon CEO Andy Jassy stated in a recent interview that he believes his workers are “better off” without a union and that the company’s high injury rate is “misunderstood.”

The price of products on Amazon is likely to increase following the company’s introduction of a five percent “fuel and inflation surcharge” for sellers using Amazon’s fulfillment services.

In a classic David vs. Goliath tale, the Amazon workers in Staten Island, New York, beat union-busting billionaire Jeff Bezos to form a union. Here are five things to watch as this battle royale over unionization unfolds.

Amazon reportedly plans to object to a recent union election victory at its Staten Island warehouse, alleging that organizers pressured workers into voting.

The SEC has reportedly launched an investigation into how Amazon discloses details of its business practices, including how it uses third-party seller data. The company stands accused of using data from third-party sellers to decide when to make its own private-label products, unfairly competing with the very companies that generate its sales.

Americans are finally winning higher wages because wealthy investors are trying to create more profit-generating jobs than the number of unemployed workers, the Washington Post’s editorial board admitted on April 5.

An automatic word monitor in a new Amazon worker chat app will ban a variety of words and phrases, such as “union,” “fairness,” “pay raise,” “slave labor,” and “master,” among other terms, according to internal documents obtained by the Intercept.

MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, gave a record-breaking $275 million donation to abortion provider Planned Parenthood.

Amazon Flex drivers and other gig economy drivers have staged a protest outside an Amazon warehouse calling for an increase in pay to deal with surging gas prices during the unprecedented inflation under President Joe Biden.

Comedian and Saturday Night Live star Pete Davidson has pulled out of a planned launch aboard one of Jeff Bezos’ Blue Origin shuttles later this month.

A recent report reveals that Amazon intentionally made it harder for users to cancel their Prime membership, resulting in a drop in cancellations of 14 percent in 2017. Amazon’s project “Iliad” may be a perfect example of “Dark UX,” web design tricks that purposefully confuse or mislead customers.

Comedian and actor Pete Davidson has been confirmed to be visiting space aboard one of billionaire Jeff Bezos’ Blue Origin capsules later this month. He will join a group of wealthy passengers on Blue Origin’s fourth flight to space.

E-commerce and tech giant Amazon has reportedly shut down shipments to Russia and cut off access to its Prime Video service in the country in response to the invasion of Ukraine.

A recent report claims that Amazon’s delivery service partners are going into debt and face seemingly instant termination of their contract if they fail to follow every guideline handed down from the Masters of the Universe. One small business owner who had his contract canceled said: “I am a pimple on the butt of an elephant when it comes to Amazon.”

Social media users have taken to Twitter to mock “Saturday Night Live” star Pete Davidson for going to space with Amazon founder Jeff Bezos. “He’s taking some drastic measures to get away from Kanye West,” one user said.

Amazon announced Wednesday it will be closing some of its physical outlets including all of its bookstores, plus 4-star shops and pop up locations in the name of rebranding its physical image.

The Retail, Wholesale and Department Store Union (RWDSU) has claimed that Amazon is unlawfully interfering with a union election at its Alabama warehouse. This is the latest in a long string of incidents related to the unionization election, some of which contributed to the results of the first election last year being thrown out by the National Labor Relations Board (NLRB).

Amazon’s grocery store business has cost it billions of dollars over the past 15 years and has yet to really cement its foothold in the retail space. Analysts are now referring to the business as Amazon’s most “expensive hobby.”

Residents of the Dutch city of Rotterdam are so unhappy with Amazon founder Jeff Bezos and his $485 million superyacht that many are planning to launch rotten eggs at the billionaire’s boat. 

E-commerce giant Amazon has removed the Black Lives Matter organization from its AmazonSmile charity platform as the organization faces increasing financial scrutiny. Amazon previously was a major cheerleader for Black Lives Matter, including making large donations to the group and a notorious incident in which founder Jeff Bezos scolded a customer for saying “All Lives Matter” in an email.

Amazon will cut off paid leave for workers that contract coronavirus if they are not fully vaccinated. According to an internal memo, unvaccinated workers will be required to wear masks in the warehouse while their vaccinated coworkers can go maskless. The changes are expected to take place on March 18, according to Business Insider.

A historic steel bridge in the Netherlands is to be partly dismantled in order to allow Jeff Bezos’ new superyacht to pass.

43-year-old Tang Mingfang was arrested in 2019 for giving documents to a human rights group that showed a Foxconn factory in China was using child labor for manufacturing Echo and Kindle devices for Amazon.com.

Amazon has reportedly shut down its “Sold by Amazon” program following an investigation from Washington Attorney General Bob Ferguson which found that the program violated antitrust laws. The program involved Amazon setting minimum prices for certain sellers’ products and the Masters of the Universe taking a cut of anything sold at prices above the minimum. One Amazon seller commented on the program, “Almost everyone I talked to said this doesn’t seem right. Normally, when you let the foxes run the hen house, the hens get eaten.”

Amazon has reportedly shut down its “ambassador” program that paid warehouse workers to tweet positively about the e-commerce giant.

Tech giant Amazon is reportedly bringing its cashierless convenience stores to the suburbs. Areas outside of major American cities can soon expect to see “Amazon Go” stores pop up as Amazon continues its assault on the bricks and mortar retail industry.o

Two of the nation’s largest tech conglomerates, Amazon and Facebook, spent millions last year lobbying members of Congress to back legislation expanding legal immigration levels and amnesty for illegal aliens, records show.

E-commerce giant Amazon is reportedly opening its first-ever brick and mortar clothing store called Amazon Style. The first location will open in Los Angeles later this year, although an exact date hasn’t been specified.

E-commerce giant Amazon is reportedly demanding such a large number of electric delivery vans in its quest to take over the American economy, that so far no automaker has been able to keep up.

Amazon has reportedly backtracked on a previous statement that it would not be accepting visa credit cards in the UK from January 19.

As the world was buffeted by a coronavirus tsunami leaving forced lockdowns, supply-chain problems, economic upheaval, and poverty in its wake, global financial elites “have had a terrific pandemic” according to a report released Monday.