Tag: Amazon

Posted in Personal

MacKenzie Scott donates $1.7bn since Amazon boss divorce

MacKenzie Scott, Amazon boss Jeff Bezos’s ex-wife, says that she has given $1.7bn (£1.3bn) to charity to date.

She has made donations to historically black US colleges, climate change groups and health organisations.

Ms Scott posted about the gifts on social media, also saying that she has changed her surname from Bezos.

She is the second-richest woman in the world, with a fortune of more than $62bn, according to Forbes.

She and Mr Bezos divorced last year.

The novelist, who married Mr Bezos a year before he founded Amazon and was one of the firm’s first employees, received a 4% stake after the split.

Shortly after announcing the divorce, Ms Scott signed the Giving Pledge, joining a campaign founded by billionaire investor Warren Buffett and ex-Microsoft boss Bill Gates and his wife Melinda. It commits the wealthy to give away the majority of their fortunes to charity.

Ms Scott said

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Posted in Money

Amazon takes on supermarkets with free food delivery

Amazon is ramping up its online grocery service with the aim of serving millions of shoppers across the UK by the end of 2020.

Online food sales have almost doubled during the pandemic with grocers struggling to keep up with demand.

Amazon is now after a bigger slice of this fast-growing market, which analysts say could increase pressure on rivals such as Ocado.

“It’s extremely significant” says retail analyst, Richard Hyman.

“[Amazon] can be compelling, disruptive and it’s a business with gigantic ambitions.”

Amazon Fresh offers same or next-day grocery deliveries for customers in London and parts of the Home Counties.

Shoppers have to subscribe to Amazon Prime to get it and users currently have to pay an additional monthly fee or a delivery charge per order. It has about 10,000 products including fresh, chilled and frozen food.

From Tuesday, this service will now be a free benefit to subscribers

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Posted in Insurance

Why Amazon, Facebook, Google and Apple are Bad for America

On Wednesday, four big tech CEOs — Apple’s Tim Cook, Amazon’s Jeff Bezos, Google’s Sundar Pichai and Facebook’s Mark Zuckerberg — will come face to face with Congress, in a hearing held by Antitrust Subcommittee Chair David Cicilline. The hearing is one result of a yearlong investigation by Cicilline’s subcommittee into whether these four companies regulate more of the U.S. economy than our public officials do.

For some, this hearing may seem like a series of technical questions about market power, and for others, a mere congressional spectacle. But the stakes are high. This hearing is part of the only major investigation into corporate power by any Congress in recent memory. How this hearing goes, and whether Congress over the next few years develops the confidence to break up and regulate these giants, will in many ways determine whether America remains a self-governing democracy.

That might seem like hyperbole, but

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Posted in Personal

Herbalife, Live Nation Entertainment, Facebook, Microsoft and Amazon highlighted as Zacks Bull and Bear of the Day

For Immediate Release

Chicago, IL – July 23, 2020 – Zacks Equity Research Shares of Herbalife Nutrition Ltd. HLF as the Bull of the Day, Live Nation Entertainment, Inc. LYV asthe Bear of the Day. In addition, Zacks Equity Research provides analysis onFacebook, Inc. FB, Microsoft Corporation MSFT and Amazon.com, Inc. AMZN

Here is a synopsis of all five stocks:

Bull of the Day:

Today’s Bull of the Day and the Bear of the Day share a common theme. They’ve both been disproportionately affected by the outbreak of Covid-19 and their recent reversals of fortune have caused me to completely change my mind about both of them.

I’ve never been a fan of the “multi-level-marketing” (MLM) sales model. Admittedly, that’s as much because of my personal distaste for the practice of hectoring your friends and relatives to buy products as my belief that the bottom-heavy structure encourages exaggerated boom-and-bust

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Posted in Business

Amazon Calls Itself Small Business Pal With Bezos Set to Testify

(Bloomberg) — Amazon.com Inc. is touting the success of the independent merchants on its site, previewing arguments Chief Executive Officer Jeff Bezos is expected to make next week to a congressional committee.

The Amazon founder is scheduled to testify on Monday before a House of Representatives panel probing competition in tech, alongside the top executives at Apple Inc., Alphabet Inc. and Facebook Inc. It will be Bezos’s first appearance before Congress.

Small- and medium-sized U.S.-based sellers averaged more than $160,000 in product sales on Amazon in the year ended May 31, up from about $100,000 during the prior period, the company said in a report released Tuesday. These merchants sold 3.4 billion products during the period, up from 2.7 billion a year earlier.

A periodic disclosure detailing Amazon’s small-business offerings from seller support to cloud-computing software, the report didn’t offer specific explanations for U.S. merchants’ rapid sales gains. But a

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Posted in Money

The 5 best Amazon deals you can get this weekend

Enjoy huge savings thanks to these Amazon deals on popular products.
Enjoy huge savings thanks to these Amazon deals on popular products.

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission.

Hunting for the best discounts on Amazon can be a great way to save money and get essentials you need for around the house. From air fryers to charcoal toothpaste, these sensational deals can help make your everyday tasks easier and save you cash, too. Here are the five best bargains to snag on the site this weekend.

Need help finding products?: Sign up for our weekly newsletter. It’s free and you can unsubscribe at any time.

1. Save $30: One of the best air fryers we’ve ever used

Yes, this kitchen gadget really does it all.
Yes, this kitchen gadget really does it all.

If you want to finally jump on the air frying trend, now is a great time to do so. This Ninja Foodi 5-in-1

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Posted in Business

Amazon spent 6 years and tens of millions of dollars making a huge new game that flopped and was pulled from stores weeks after its launch

Amazon CEO Jeff Bezos.
Amazon CEO Jeff Bezos.

Alex Wong/Getty Images

  • On May 20, Amazon launched “Crucible,” a major new video game that was in development for over five years.

  • One week later, the game completely dropped off the charts. One month later, and Amazon outright pulled the game from availability and put it back into “closed beta” — a term used in game development to signify a game isn’t complete.

  • “Crucible” is the latest attempt from Amazon to push into the lucrative video game industry, which it has repeatedly failed to achieve.

  • Visit Business Insider’s homepage for more stories.

Did you know that Amazon, the biggest company in the world, launched a big-budget video game recently?

The game is called “Crucible,” and you’re forgiven if this is the first you’re hearing about it. Despite being free-to-play and available on the world’s largest gaming platform, Steam, “Crucible” has already come and gone from the

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Posted in Personal

Amazon mistakenly tells workers to take TikTok app off phones

San Francisco (AFP) – Amazon on Friday said it mistakenly sent workers an email telling them to dump the TikTok mobile application from their cell phones because of security concerns.

The internal message told workers they could still access the popular video-snippet sharing platform using laptop web browsers, but would lose access to company email on smartphones that have TikTok.

“This morning’s email to some of our employees was sent in error,” an Amazon spokesperson said in reply to an AFP inquiry without going into detail.

“There is no change to our policies right now with regard to TikTok.”

The concern expressed in the internal message appeared to be that the TikTok mobile app could access Amazon company email, according to a copy posted online.

“User security is of the utmost importance to TikTok -– we are fully committed to respecting the privacy of our users,” a spokeswoman for the

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Posted in Money

Google, Amazon Funnel Money to Virus Conspiracy Sites: Study

(Bloomberg) — Digital advertising platforms run by Google, Amazon.com Inc. and other tech companies will funnel at least $25 million to websites spreading misinformation about Covid-19 this year, according to a study released Wednesday.

Google’s platforms will provide $19 million, or $3 out of every $4 that the misinformation sites get in ad revenue. OpenX, a smaller digital ad distributor, handles about 10% of the money, while Amazon’s technology delivers roughly $1.7 million, or 7%, of the digital marketing spending these sites will receive, according to a research group called the Global Disinformation Index.

GDI made the estimates in a study that analyzed ads running between January and June on 480 English language websites identified as publishers of virus misinformation. Some of the ads were for brands including cosmetics giant L’Oreal SA, furniture website Wayfair Inc. and imaging technology company Canon Inc. The data exclude social-media and online-video services, so

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Posted in Money

Tim Gunn and Heidi Klum Took That Big Amazon Money and Ran with It

Click here to read the full article.

At one point in the development of “Making the Cut” with Amazon Prime Video, executive producer and host Heidi Klum decided to ask the online retail behemoth if they could have a jet for the show.

Not some dinky Gulfstream, mind you. Like…a jet jet. A real, big jet.

More from IndieWire

“We were kind of hoping to get a big Amazon plane, because I was already thinking about commercials we can shoot — like Tim [Gunn] and I hopping out of a plane with Amazon boxes, delivering them to people,” Klum said in an interview with IndieWire. “My brain was going 100 miles an hour. A plane would have been nice with sewing machines in there, like ‘OK, your first assignment is not in New York, it’s in Paris. But guess what?’ You open a plane, they go in there, and there

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