Jeff Bezos - Page 3

Corporate employees at Amazon will reportedly receive compensation that falls far short of expectations due to Amazon’s declining stock price. Amazon’s 35 percent drop in share price will result in corporate employees receiving total compensation worth 15 percent to 50 percent less than their target values.

A top United States senator focused on government corruption is pushing the Pentagon inspector general to reopen an investigation into allegations that a former top defense official engaged in ethical misconduct related to a multi-billion dollar defense contract, citing new evidence.

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.

Amazon, which has faced nationwide strikes across the United States, has now experienced its first-ever strike in the United Kingdom, at the tech giant’s warehouse in Coventry, England, where protestors said “robots are treated better” than human employees.

Billionaire Jeff Bezos is considering selling the ‘Washington Post’ newspaper to reinvest the cash in buying the NFL’s Washington Commanders.

E-commerce giant Amazon has reportedly shut down its “AmazonSmile” charity donation program as part of its ongoing cost-cutting measures.

E-commerce giant Amazon has failed in its recent efforts to overturn a union vote at its JFK8 facility in Staten Island.

E-commerce giant Amazon has reportedly agreed to settle two European Union antitrust cases related to the company’s alleged treatment of third-party sellers on its platform. The company will dodge any fines in relation to the cases. 

Microsoft founder Bill Gates and Amazon founder Jeff Bezos have both reportedly invested in Synchron, a new brain-computer interface startup that aims to compete with companies like Elon Musk’s Neuralink.

Amazon workers around the world are reportedly planning to strike during Black Friday, one of the e-commerce giant’s business time periods, demanding that the company “pays fairly and ceases awful, unsafe practices.” Thousands have reportedly already walked out in the United States, Europe, and elsewhere.

Tech giant Amazon is gutting the internal team developing its Alexa home voice assistant, according to recent reports. One former employee calls Alexa a  “colossal failure of imagination,” adding “it was a wasted opportunity.”

During a portion of an interview with CNN released on Monday, Amazon Executive Chair Jeff Bezos said that “the economy does not look great right now.” And “if we’re not in a recession right now, we’re likely to be in

Amazon founder and multibillionaire Jeff Bezos recently announced that he plans to give away the majority of his wealth during his lifetime. His charitable donations will go to environmental charities and other leftist causes, as he has already committed a portion of his net worth to the “Bezos Earth Fund.”

Actor Matthew McConaughey is reportedly set to join Jeff Bezos and rapper Jay Z in a coalition vying to buy the Washington Commanders.

The Anti-Defamation League (ADL), along with the Brooklyn Nets, sent a letter to Amazon’s Jeff Bezos requesting the film at the center of the Kyrie Irving controversy be removed from the platform, or provide additional context along with the film, according to The Athletic. 

Billionaire Jeff Bezos is now reportedly looking into potentially buying the Washington Commanders football team.

Data collected through workplace inspections at Amazon warehouse facilities found that the company’s pace of work greatly increases the risk of injury for its employees. Workplace regulators reportedly say that the risk of debilitating muscle and joint injuries is off the charts.

Amazon’s turnover rate is extremely high and it costs the company $8 billion annually, according to leaked documents. 

Amazon is facing walkouts and strikes during its “Prime Day” sale season, as the employees who handle the massive amount of packages that fly through the company’s facilities demand better pay, fair treatment, and an end to retaliatory behavior.

The Amazon Labor Union (ALU) — which was able to garner enough votes in April to create the first U.S. union at an Amazon warehouse in Staten Island, New York — is now trying to do the same with another Amazon facility near Albany, the capital of New York State.

MacKenzie Scott, the former wife of Jeff Bezos who transformed into a billionaire philanthropist after a $36 billion divorce settlement, has filed for divorce from her second husband. Her second marriage, to a Seattle area science teacher, lasted just 18 months.

Amazon had to walk back an announced pay raise for corporate employees after a computer glitch miscalculated their compensation, according to internal emails obtained by Business Insider. Managers were advised that they would have to prepare for an “uncomfortable conversation” with employees losing out on the raise they were promised.

Those who thought streaming quality and technology were at a high enough standard to take on the giant responsibility of showcasing the country’s most popular game in primetime may want to think again.

California has filed an antitrust lawsuit against Amazon, alleging that the company violated state competition law through its pricing rules.

More than two dozen groups that are critical of Amazon’s anti-competitive practices and surveillance capitalism have urged the FTC to block Amazon’s acquisition of iRobot, which develops Roomba vacuum cleaners. According to the coalition,  “Allowing Amazon to absorb a competing smart home device business with access to incredibly detailed consumer data would endanger fair competition and open markets while also jeopardizing consumer privacy.”

Jeff Bezos’ rocket company, Blue Origin, saw its latest rocket launch fail during liftoff this Monday. No humans were aboard the capsule, which separated from the rocket and parachuted to Earth after the mission was aborted. The rocket flew out of control after what the company called an “anomaly.”

A new report from CNBC reveals that Amazon powered down all of its solar rooftops in the U.S. last year following a series of major fires at facilities throughout the country.

Privacy experts are warning of Amazon’s growing surveillance powers following the company’s acquisition of clinic chain One Medical and iRobot, the company behind Roomba.

Tech and e-commerce giant Amazon has reportedly purchased iRobot, the maker of the popular automated home vacuum Roomba, for $1.7 billion. Jeff Bezos’ company is likely just as interested in the ability to map customers’ homes as it is in adding vacuums to its growing empire of products and services.

Sen. Josh Hawley (R-MO) recently sent a letter to the FTC requesting a review of the proposed $3.9 billion merger between Amazon and One Medical, a chain of medical clinics whose acquisition would mark Amazon’s latest move to take over the healthcare industry.

Amazon is not sweating the corporate tax hike in the Joe Manchin-approved climate spending bill.

The controversial megayacht of Amazon’s climate crazy tsar Jeff Bezos appears to have avoided egging while sneaking through Rotterdam.

Amazon announced a $2 billion loss for the second quarter this week. Although the company performed well against expectations for sales, the e-commerce giant also took a massive hit over its large investment in electric truck company Rivian.

Amazon is finally taking action against fake reviews on its platform, suing the administrators of more than 10,000 Facebook groups used to coordinate fake reviews on the site.

The Wall Street Journal has revealed in an exclusive report that e-commerce giant Amazon has been reducing the number of items it sells under its own brands due to poor sales in recent months. The company is also facing intense regulatory pressure over its private label business, which is accused of using sales data from other brands on the Amazon platform to hijack their customer base with an inferior copy of their products.

Tech giant Amazon is reportedly partnering with the Seattle-based Fred Hutchinson Cancer Center to develop a cancer vaccine and has already begun recruiting for clinical trials.