Amazon

Amazon stocks drop as President Trump slams online retailer

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– Amazon stocks drop as President Trump slams online retailer:

AMAZON shares have fallen after US President Donald Trump again attacked the online retailer, while the Dow Jones has taken a tumble in response to the US-China trade war.

AMAZON shares fell 4 per cent on Monday after US President Donald Trump again attacked the online retailer over the pricing of its deliveries through the United States Postal Service and promised unspecified changes.

“Only fools, or worse, are saying that our money losing Post Office makes money with Amazon,” Trump tweeted.

“They lose a fortune, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country … not a level playing field!”

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H/t reader kevin a.

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UPS, FedEx Sink As Bezos Launches “Shipping With Amazon”

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– UPS, FedEx Sink As Bezos Launches “Shipping With Amazon”:

…the e-commerce behemoth announced today that it will launch a “Shipping with Amazon” service that will entail the shipping giant picking up packages from businesses and shipping them to consumers…

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Amazon patents bracelet to control its workers

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– Amazon patents bracelet to control its workers:

Amazon will use the bracelet to monitor workers’ movement in its storage facilities.

Amazon, bracelet and control are three words that when used in the same sentence can give goosbumps to any of its workers.

The company of Jeff Bezos has reaped a little grateful fame for its policy of personnel management and recent news about Amazon’s initiative to control its workers via a mandatory bracelet unleashed the alert to a possible hardening of that treatment.

Read moreAmazon patents bracelet to control its workers

Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”

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– Amazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”:

In a move that might explain why Amazon has been quietly acquiring pharmacy licenses (not to mention hitting daily all time highs) the e-commerce giant – along with Warren Buffett’s Berkshire Hathaway and JP Morgan Chase & Co. – announced on Tuesday morning that they would partner to form a new health-care venture.

As stated in the press release, “Amazon, Berkshire Hathaway and JPMorgan Chase & Co. announced today that they are partnering on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs. The three companies, which bring their scale and complementary expertise to this long-term effort, 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.”

Read moreAmazon, Berkshire And JPMorgan To Form Healthcare Company “Free From Profit-Making Incentives”

Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City

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And the winner will be Denver.

– Amazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City:

On Thursday morning, Amazon announced that it had reviewed 238 proposals from across the U.S., Canada, and Mexico to host HQ2, the company’s second headquarters in North America, and has has chosen the following 20 metropolitan areas to move to the next phase of the process (in alphabetical order):

  • Atlanta, GA
  • Austin, TX
  • Boston, MA
  • Chicago, IL
  • Columbus, OH
  • Dallas, TX
  • Denver, CO
  • Indianapolis, IN
  • Los Angeles, CA
  • Miami, FL
  • Montgomery County, MD
  • Nashville, TN
  • Newark, NJ
  • New York City, NY
  • Northern Virginia, VA
  • Philadelphia, PA
  • Pittsburgh, PA
  • Raleigh, NC
  • Toronto, ON
  • Washington D.C.

Amazon said it evaluated each of the proposals based on the criteria outlined in the RFP to create the list of 20 HQ2 candidates that will continue in the selection process.

Read moreAmazon Unveils 20 City Finalists For HQ2, Expects To Create 50,000 Jobs In Winning City

Amazon UK Drivers Reportedly Forced To Urinate In Bottles To Hit 200 Packages A Day Quota

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– Amazon UK Drivers Reportedly Forced To Urinate In Bottles To Hit 200 Packages A Day Quota:

Amazon delivery drivers in the UK are asked to deliver up to 200 packages a day while earning less than minimum wage for agencies contracted by Amazon. The drivers reportedly have to keep schedules so tight they are forced to skip rest breaks and urinate in bottles, according to an investigation by UK’s Sunday Mirror.

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Amazon Says It’s “Almost Ready” To Get 1,000s Of Grocery Store Cashiers Fired

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– Amazon Says It’s “Almost Ready” To Get 1,000s Of Grocery Store Cashiers Fired:

There are roughly 40,000 grocery stores sprinkled around the U.S. that employee some 3.5 million people…well, at least for now.

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Jeff Bezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs

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Bezos is certainly NOT the world’s richest man.

– Bezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs:

Is the world’s richest man starting to get a little concerned that his $90 billion fortune in Amazon stock might just be fully valued?  Well, judging by his SEC disclosures from last Friday, Bezos provided investors with roughly 1.1 billion reasons why the answer to that question may be a resounding ‘yes’.

As Bloomberg points out, Bezos sold a total of 1 million Amazon shares over the course of three days last week netting roughly $1.1 billion in proceeds.  The sale represented just 1.3% of Bezos’ total stake in Amazon and leaves him with 16.4% of the company’s shares outstanding.

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Amazon Subsidiary Registers Ethereum, Cryptocurrency Domains

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– Amazon Subsidiary Registers Ethereum, Cryptocurrency Domains:

According to online records, e-commerce giant Amazon, often seen as the “white whale of bitcoin payments, recently registered three cryptocurrency-related domain names: “amazoncryptocurrency.com,” “amazoncryptocurrencies.com,” and “amazonethereum.com.” The move was first reported by domain industry news website DomainNameWire.

Whois records link the domains to a subsidiary of Amazon.com, Amazon Technologies, which has in the past been linked to patent filings. At press time, all three domains are a dead end, but a domain the e-commerce giant registered in 2013 – amazonbitocoin.com – redirects to its main page, Amazon.com.

Read moreAmazon Subsidiary Registers Ethereum, Cryptocurrency Domains

The Bids Are In: Amazon Offered Up To $7 Billion In Tax Breaks ($140k Per Employee) For Second U.S. HQ

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– The Bids Are In: Amazon Offered Up To $7 Billion In Tax Breaks ($140k Per Employee) For Second U.S. HQ:

For the past several months, cities all across the country have been competing for the opportunity to host Amazon’s second headquarters which promises $5 billion in capital investment and 50,000 new jobs over a period of time.  And now that the bids are in, we have the opportunity to review some of the staggering tax subsidies offered to one of Silicon Valley’s biggest companies.

New Jersey apparently ‘wins’ the prize for ‘biggest tax cuts’ after offering $7 billion in state and city tax credits, or roughly $140,000 per job promised by Amazon…which should be plenty to once again thrust Bezos to the top of the world’s richest list. Per Reuters:

Read moreThe Bids Are In: Amazon Offered Up To $7 Billion In Tax Breaks ($140k Per Employee) For Second U.S. HQ

Amazon Announces Plans For $5 Billion Second North American Headquarters

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– Amazon Announces Plans For $5 Billion Second North American Headquarters:

Amazon.com announced plans on Thursday to open a second headquarters somewhere in North America that will house up to 50,000 employees and cost $5 billion to build and operate. The company is soliciting bids from local and state government leaders for the project, dubbed Amazon’s “HQ2,” and said it would prioritize metropolitan areas with more than one million people.

“We expect HQ2 to be a full equal to our Seattle headquarters,” Amazon’s CEO Jeff Bezos said. “Amazon HQ2 will bring billions of dollars in upfront and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”

Read moreAmazon Announces Plans For $5 Billion Second North American Headquarters