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“#Jeff Bezos sells $2.5B in Amazon stock as exit approaches” Amazon CEO Jeff Bezos sold almost $2.5 billion worth of shares in the company this week as his departure in the third quarter of the year approaches. The Amazon founder sold just over 739,000 shares in the company on Monday and Tuesday as part of…
“#Blue Origin to begin space tourism ticket sales Wednesday” SEATTLE, May 5 – Blue Origin, billionaire Jeff Bezos’ rocket company, is poised to open up ticket sales on Wednesday for suborbital sightseeing trips on its New Shepard spacecraft, a landmark moment as US firms strive toward a new era of private commercial space travel. Blue Origin is expected to announce details on how to purchase a seat,…
“#Amazon crushes earnings as Jeff Bezos prepares to leave” Amazon shares rose after the e-commerce giant reported a record quarterly profit as pandemic-fueled demand for online shopping lifted its first-quarter earnings, helped by growth in its cloud computing business. The company reported sales of $108.5 billion, up 44 percent from a year prior, and a…
“#US regulator says Amazon’s union victory could be overturned” Amazon’s landmark victory over a closely watched effort to unionize a warehouse in Alabama could be overturned amid accusations that the e-tailing giant used illegal intimidation tactics to sway employee votes, according to a US regulator. All but one of 23 objections filed by a labor…
“#Whole Foods will soon let customers pay with palm scan” Whole Foods will soon let customers pay for groceries using its parent company’s palm-scanning technology. Amazon said Wednesday its palm-scanning system — currently used in about a dozen of its brick and mortar stores — will debut at a Whole Foods in Seattle’s Capitol Hill…
“#Amazon used illegal intimidation tactics in Ala. vote: union” Amazon used illegal intimidation tactics that prevented a “free and fair” vote over whether to unionize an Alabama warehouse earlier this month, according to the labor union leading the campaign. The Seattle-based e-tailing giant, which on April 9 won the closely watched, hotly contested vote in…
“#Bezos vows to do better by employees in final Amazon letter” Amazon founder Jeff Bezos vowed to do better by his employees in his last letter as chief executive to shareholders — even as he insisted that they’re really not that bad off. On the heels of a bruising labor battle in Bessemer, Ala., that…
“#Jeff Bezos, Elon Musk top Forbes’ billionaire list” Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra-wealthy are expanding after a year in which the coronavirus pandemic upended world economies and…
“#Amazon union vote in Alabama to close, but results may take weeks” The closely watched union vote at Amazon’s warehouse in Bessemer, Ala. is coming to a close this week — but a result is likely at least a week away. Employees at the facility, who have been voting for the past month and could…
“#Amazon’s Twitter war with Democrats incited by Jeff Bezos: report” Amazon is hitting back at attacks on the company’s labor and business practices from critics like Bernie Sanders and Elizabeth Warren — at the behest of none other than Jeff Bezos. The CEO expressed anger in recent weeks that Amazon officials weren’t more aggressive in…