jeff bezos

Bernie Sanders’ problem with Amazon

Vermont Senator Bernie Sanders is seeking additional information about the working conditions in Amazon warehouses in advance of legislation he’s preparing to introduce on September 5.  Income inequality was, after all, the centerpiece of Sanders’ 2016 presidential campaign. It was a populist message that resonated strongly with voters, giving the dark horse candidate a boost among concerned progressives and independents during a tooth and nail primary battle. But while the message, perhaps, wasn’t enough to put him over the top, it’s a mission that’s remained central to Sanders’ work on Capitol Hill, finding him taking aim at some of the world’s largest corporations. In recent months, Amazon has been in the senator’s sights. Earlier today, Sanders tweeted out a link asking employees of th...

Jeff Bezos details his moon colony ambitions

Jeff Bezos has big plans for the moon, if he can just get there. With a little elbow grease our trusty satellite could become a platform from which to build out the space industry — and while a partnership with NASA, the ESA and others would be best, Blue Origin will do it solo if it has to. Speaking at the Space Development Conference in Los Angeles with the inimitable Alan Boyle, Bezos chatted about the idea of making the moon a center for heavy industry, which he thinks will help conserve resources here on Earth. “In the not-too-distant future — I’m talking decades, maybe 100 years,” he said, “it’ll start to be easier to do a lot of the things that we currently do on Earth in space, because we’ll have so much energy. We will have to leave this planet. We’re going to leave it, and it’s g...

Trump reportedly pushed USPS to double Amazon’s shipping rates

According to new reporting from The Washington Post, President trump personally pushed United States Postal Service head Megan Brennan to jack up shipping prices on Amazon and and other firms. The story comes from unnamed sources, who suggest that, thus far, the Postmaster General has held out against pressure from the President. If enacted, the new pricing structure would likely cost the online retailer and others billions.  g Amazon has been in Trump’s crosshairs from some time, of course. In late March, he took to Twitter to personally call out a “scam” he believed was costing the USPS “billions,” writing, “If the P.O. ‘increased its parcel rates, Amazon’s shipping costs would rise by $2.6 Billion.’ This Post Office scam must stop. Amazon must pay real costs (and taxes) now!” Brennan ha...

The formula behind San Francisco’s startup success

Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade? That’s the question we asked over the past few weeks while analyzing San Francisco startup funding, exit, and unicorn creation data. After all, it’s not as if founders of Uber, Airbnb, Lyft, Dropbox and Twitter had to get office space within a couple of miles of each other. We hadn’t thought our data-centric approach would yield a clear recipe for success. San Francisco private and newly public unicorns are a diverse bunch, numbering more than 30, in areas ranging from ridesharing to online l...

Amazon’s next conquest will be apparel

Sunny Dhillon Contributor More posts by this contributor The rise of experiential commerce Approaching e-commerce investments in the age of Amazon Late last year, after Amazon announced it had acquired the rights to J.R.R. Tolkien’s epic “Lord of the Rings” saga for $250 million, I wrote how the move underscored Amazon’s relentless pursuit to build one platform to “rule them all.” Now that Amazon is investing half a billion dollars into developing a Middle Earth show – making it the most expensive TV series ever made – it won’t be a surprise to see Jeff Bezos front and center at the Emmys soon. But Hollywood isn’t the only industry Amazon wants to upend. Based on the company’s great ambitions in apparel, it may not be long before we also see Bezos at New York Fashion Week next to Anna Wint...

New York’s programming ed tech startup, General Assembly, sells to Adecco for $413 million

The European human resources services company Adecco Group said that is acquiring the New York-based, programming, design, and management training startup General Assembly for $413 million. With the acquisition, Adecco adds to its ability to provide job training and re-skilling services for businesses. It’s proof that General Assembly’s own business has come a long way since its early days as a startup offering continuing education or training programs for new entrants into the tech-enabled white collar workforce. General Assembly was worth $440 million after its last, $70 million investment round, according to a report in Axios, which means that early stage investors will see a nice return on their investment while many later stage backers — including Wellington Management and Fresco Capi...

After bashing Amazon deals, Trump orders investigation of U.S. Postal Service

The president issued an executive order after hours last night, aimed at evaluating the U.S. Postal Service. Citing the mail service’s “unsustainable financial path,” Trump’s order demands a “thorough” task force evaluation of the USPS’s finances and operations. The service has been a long time talking point for Trump, with Twitter attacks dating back to 2013, when he bemoaned a planned end of Saturday mail delivery. Of late, however, the Postal Service has seemingly been caught in the crossfire of his single-minded attack on Amazon. Back in December, Trump called the USPS out on Twitter once again, saying it was “losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer?” Of cour...

Every time Trump has gone off on Amazon

Tax cuts might be the name of the game for the Trump administration, but the president has no intention of letting Amazon’s Jeff Bezos off easy. With a tweet early Thursday following an Axios report that the president is “obsessed” with the company, Trump’s anti-Amazon sentiment bubbled up once more. I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.), and are putting many thousands of retailers out of business! — Donald J. Trump (@realDonaldTrump) March 29, 2018 Trump’s Amazon ire is nothing new, but seeing it surface through tweets means that going after the company might again be at the top of his mind. Still, historic...

CVS, other health stocks down upon Amazon, JPMorgan, Berkshire healthcare co news

Investors panicked this morning upon the news Amazon, JPMorgan Chase and Berkshire Hathaway were teaming up to launch a health insurance company for their U.S. employees. Healthcare is one of the biggest operating costs for Fortune 500 companies and the three iconic companies have joined forces to build a new health insurance company for all U.S. employees in an effort to improve satisfaction and reduce those costs. The new, yet-to-be-named company will “pursue this objective through an independent company that is free from profit-making incentives and constraints. The initial focus of the new company will be on technology solutions that will provide U.S. employees and their families with simplified, high-quality and transparent healthcare at a reasonable cost,” according to a press releas...

Amazon’s new healthcare company could give smaller health tech players a boost

JPMorgan Chase and Berkshire Hathaway have joined forces with Amazon to form a new healthcare company for all U.S. employees. Right now details are so sparse that there’s not even a name associated with the new company. However, this is big news for the industry and could possibly have ramifications not only for health insurance giants, but for also smaller tech companies that are open to either partnering with the company — or even being acquired by it. The decision didn’t come overnight. According to reports, the heads of each company —  Jamie Dimon, Warren Buffet and Jeff Bezos — have chatted for years about how to fix the problem of high costs and a broken healthcare system. “The ballooning costs of healthcare act as a hungry tapeworm on the American economy,” Buffet said in a statemen...

Amazon, JPMorgan and Berkshire Hathaway to build their own healthcare company

When you’re big enough and powerful enough, you don’t need to rely on the existing private healthcare providers out there to handle your employee medical needs. That’s what Amazon, Berkshire Hathaway and JPMorgan Chase have determined, and so they’re working together to build their own, fully independent employee healthcare company, which will exclusively offer benefits and care to their own respective employees and their families. The goal is to build a company which has no motives other than to provide for the care and wellbeing of the workforce of the three companies, and that will be “free from profit-making incentives and constraints,” per the Wall Street Journal. It’s described as a long-term plan, but it hopes ultimately to avoid the kind of frustration that can go along with trying...

Inside Amazon’s Spheres

Amazon’s long-awaited Spheres are finally open to the public — kind of, anyway. The bulbous buildings are a workspace meant for Amazon employees to use and the public to admire mostly from outside, unless you’re part of an Amazon HQ tour group or on a field trip from a local school. Like most adventurous design the Spheres are divisive: some will call them an eyesore or attention-seeking behavior by Amazon, but others will admire their originality and generous use of space. Seattle is no stranger to odd architecture, and the Spheres seem to meld the mind-bending MoPop (formerly the EMP) with the multifaceted complexity of the Central Library. Click on for many, many slides showing off the Spheres, their design, their plant life, and the opening ceremony.

  • 1
  • 2