Jeff Bezos - Page 19

Amazon Hits Earnings Record, But Stock Tanks

Amazon set a quarterly earnings record of $1 a share on $35.7 billion in sales last quarter, but traders sent the stock plunging over 7% Friday after the e-commerce company missed Wall Street’s earnings estimates by 36 percent.

The Associated Press

Amazon and The New ‘Big Data’ Proletariat

Amazon views its work environments as a tough response to slack conditions elsewhere in the labor force, encouraging excellence and superior effort from its workers by setting standards it proudly describes as “unreasonably high.” Many horrified readers thought the NYT article described brutally exploitative conditions covered by corporate happy-talk about achievement.

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The NYT’s Amazon Story Ignores (a Lot) of Public Data

The New York Times caused a stir in Silicon Valley with a viral article claiming that Amazon.com brutally exploits its white collar workers with unforgiving management practices. The investigation caused such an outcry that Amazon CEO Jeff Bezos personally responded with an email to employees assuring them that “callous” management practices wouldn’t be tolerated.

Jeff Bezos Amazon Ted S. Warren AP