Tag: amazon

Jeff Bezos Surpasses Bill Gates as World’s Richest Person

Amazon.com founder Jeff Bezos has surpassed Bill Gates to become the richest person in the world, Bloomberg News reported. A Thursday morning surge in Amazon’s share price pushed Bezos’ net worth to $90.9 billion, compared to $90.7 billion for Gates. The Microsoft founder had held the top spot on the Bloomberg Billionaire Index since May…

Amazon To Buy Whole Foods For $13.7 Billion

Amazon announced that it will buy upscale supermarket chain Whole Foods for $13.5 billion. Under the proposed deal, Amazon will pay $42 a share, a 27 percent premium to Thursday’s closing price. It will open the door to Amazon, which has been experimenting with food and grocery delivery, as well as billions of products from…

Amazon, NFL Sign $50 Million Streaming Deal

The National Football League has reached a $50 million deal with Amazon to stream 10 Thursday night games this season, according to reports. The one-year agreement is a fivefold increase from the NFL’s deal with Twitter last season. Twitter streamed the games for free on its site, but Amazon’s streamed games will only be accessible…

Run-DMC Sues WalMart, Amazon for $50M

Seminal rap group Run-DMC has filed a $50 million lawsuit that accuses WalMart, Amazon, and other stores of selling items using its trademarked name and logo without permission. Darryl “DMC” McDaniels is listed as the suit’s plaintiff. The lawsuit claims the retailers mentioned in the filing have not only improperly profited from such sales but…

Amazon Go Store Is Checkout Free [VIDEO]

Amazon is testing a grocery store model in Seattle that works without checkout lines. Called Amazon Go, shoppers scan their Amazon app when they enter the store, and then sensors register items that shoppers pick up and automatically charge them to the Amazon app. If a shopper puts the item back they aren’t charged. The…

Miley Cyrus Cast in Woody Allen Amazon Series

Miley Cyrus is set to star alongside Woody Allen in his forthcoming Amazon TV series, Deadline reported Monday. The six half-hour-episode series will take place in the 1960s and is set to feature screenwriting legend Elaine May. The show is slated to begin shooting in May.

Amazon Pulls Hoverboards After Fires [VIDEO]

Amazon has pulled hover boards from its virtual shelves after reports the popular gadgets’ batteries might cause fires. The online retailer says “for the time being, we are not recommending any hoverboards until they are proven to be safe.” The site has removed the models featured on BestReviews.com. There have been several media reports of…

Jeff Bezos Defends Amazon After NYT Report [VIDEO]

Amazon founder and CEO Jeff Bezos defended his company culture on Monday following a New York Times report painting a tough, backstabbing work environment at the online retailer. The Times interviewed current and former Amazon employees who claimed they were pushed to show little empathy to colleagues despite illness or bereavement. Bezos told employees in…

Amazon Gets Commercial Drone Approval [VIDEO]

The FAA announced Thursday that Amazon received one of 30 exemptions granted to fly drones for potential deliveries. The federal government has prohibited commercial drone use until the FAA develops regulation. Amazon is now one of 128 companies permitted to use drones for uses such as conducting aerial surveys or movie production. The company will…

FCC OK’s Amazon Drone Test [VIDEO]

Amazon has moved a step closer to its goal of one day delivering packages by drone. The Federal Aviation Administration on Thursday issued an “experimental airworthiness certificate” to Amazon, allowing the company to test its unmanned aircraft.

Amazon Deploys Robot Shipping Army

E-commerce giant Amazon.com has boosted efficiency—and given workers’ legs a break—by deploying more than 15,000 wheeled robots to crisscross the floors and aisles of its biggest warehouses, pick up customer orders, and deliver stacks of toys, books and other products to employees. Amazon, which faces its single biggest day of online shopping Monday, has invested…

Surprise! Amazon acquires Justin & Twitch.tv for One Billion Dollars

In a surprise move, and after much speculation, rumor, and innuendo, it’s Amazon that aquires TWITCH.TV / JUSTIN.TV for ONE BILLION Dollars! (Dr.Evil Voice but not a joke, the deal is for ONE Billion Dollars. Good score!) and not Google as was earlier reported. Seems Google pulled out at the last minute, due to concerns…

Amazon Unveils Its 1st Smartphone

Amazon unveiled its first smartphone today, the Fire Phone. The 4.7-inch phone has “dynamic perspective,” which creates a hologram-like effect on images, CEO Jeff Bezos announced. The Fire Phone will also have free unlimited photo storage on the company’s cloud service and will start at $199 with an AT&T contract. Photo: Amazon CEO announces the…

Coalition Led By Tech Giants Urges FCC To Ensure Net Neutrality

A large coalition of technology companies challenged a Federal Communications Commission (FCC) proposal on Friday that would threaten net neutrality. The group, led by giants including Amazon, Facebook, Google and Microsoft, released a letter urging the FCC to maintain an open internet. The letter marks the first time the companies have formally taken a stance…

Amazon’s Raising Their Yearly Prime Price to $99

For the first time since Amazon introduced their free-shipping Prime membership to customers nine years ago, it’s raising its prices on us — from $79 a year to $99. Probably to pay for all those drones they’re working on, we expect. This probably doesn’t come as a surprise to most users, of course. Amazon CFO…

Washington Post To Be Sold To Amazon’s Jeff Bezos

Amazon.com founder and chief executive Jeffrey P. Bezos will pay $250 million in cash for The Washington Post and affiliated publications to the Washington Post Co. Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60…