Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Billionaire Amazon founder Jeff Bezos has announced his company will donate $690,000 to bush fire relief efforts in Australia. In an Instagram post on Sunday, Bezos pledged 1 million Australian dollars ($690,000) on behalf of the tech giant — […]
Tag: Amazon.com Inc
Instacart insists its tipping policy is correct, despite boycott threat
A shopper for Instacart navigates through the aisles as she shops for a customer. Cyrus McCrimmon | Denver Post | Getty Images Instacart isn’t budging on the default tip rate on its platform amid growing calls for food and grocery delivery companies to increase payouts to contract workers. Nilam Ganenthiran, Instacart’s president, said the current […]
Blow to Amazon as Seattle passes new political spending restrictions
Amazon CEO Jeff Bezos attends a commemoration ceremony held in front of Saudi consulate on the first anniversary of his murder, in Istanbul, Turkey on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images The Seattle City Council passed a bill Monday that establishes new restrictions on corporate donations in local elections, delivering […]
Jim Cramer is skeptical of Google parent’s march toward $1 trillion
Alphabet is close to joining one of the most elusive clubs on Wall Street, but CNBC’s Jim Cramer said Monday that he is skeptical of the progress. Shares in Alphabet, the tech giant that owns Google, rose almost $10 to an all-time closing high of $1,440.03, pulling within 1% of reaching $1 trillion of market […]
Cloudera appoints former Hortonworks chief Rob Bearden as CEO
Data software company Cloudera named Rob Bearden as its new CEO on Monday. Bearden was previously the CEO of rival Hortonworks, which merged with Cloudera last year in a stock swap that valued the combined companies at $5.2 billion. Shares of Cloudera rose 3% in extended trading following the announcement. Bearden is a familiar face […]
Netflix leads Oscar nominations with 24 nods
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix For the first time in Academy Award history, the studio with the most nominations is a streaming service. On Monday, Netflix nabbed 24 nominations for the big awards ceremony, more than any other media company in the industry this year. […]
Amazon to ramp up counterfeit reporting to law enforcement
Amazon CEO Jeff Bezos attends a commemoration ceremony held in front of Saudi consulate on the first anniversary of his murder, in Istanbul, Turkey on October 02, 2019. Elif Ozturk | Anadolu Agency | Getty Images Amazon is planning to give more data on counterfeit goods to law enforcement in a further crackdown on fakes […]
Five biggest stocks dwarfing the market at ‘unprecedented’ level
It’s no secret that a handful of tech giants have been dominating the stock market, but their leadership has reached a level that is raising eyebrows on Wall Street as being unsustainable. The top five U.S. companies — Apple, Microsoft, Alphabet, Amazon and Facebook — now make up 18% of the total market capitalization of […]
YouTube signs Valkyrae and other gaming stars to combat Amazon Twitch
Rachell “Valkyrae” Hofstetter is among the latest video game livestreamers to leave Amazon-owned Twitch to stream on a rival service. Source: YouTube YouTube announced on Monday exclusive livestreaming deals with three popular gamers, its latest talent acquisition in the booming market for watching skilled video gamers stream their feats online. The three — Rachell “Valkyrae” […]
Bernie Sanders doesn’t have any apps on his phone
U.S. Sen. Bernie Sanders (I-VT) holds up his mobile phone while while speaking August 16, 2015 in Clinton, Iowa. Getty Images When Bernie Sanders wants to read the news on his phone, he says he finds popular publications “in my own way.” That’s because the Democratic presidential contender has no apps to get him there […]
