Keyword: amazon

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  • It's time to break up Amazon

    06/20/2017 3:38:34 PM PDT · by MrExplorer70 · 42 replies
    Fast Company ^ | 06/19/2017 | Douglas Rushkoff
    “Amazon just bought Whole Foods,” my friend texted me seconds after the announcement of the proposed acquisition. “It’s over. The world.” This unease is widespread, and has raised new calls for breaking up Jeff Bezos’s impending monopoly by force. Surely the company, which now generates 30% of all online and offline retail sales growth in the United States, and already controls 40% of internet cloud services, has reached too far. The 3% hike in Amazon’s share price since the announcement—which would alone more than pay for the acquisition—may attest less to the deal’s appropriateness than to investors’ growing fear that...
  • Amazon Prime Wardrobe will let you try on clothes before you buy them

    06/20/2017 10:04:56 AM PDT · by Callahan · 28 replies
    The Verge ^ | 6/20/17 | Micah Singleton
    Amazon is launching Prime Wardrobe, a new program that will let you try on clothes before you buy them. Once you select at least three Prime Wardrobe-eligible pieces from over a million clothing options, Amazon will ship your selections to you in a resealable return box with a prepaid shipping label. After you try on the clothes, you can put the ones you don’t want back in the box and leave it at your front door — Prime Wardrobe also comes with free scheduled pickups from UPS. If you decide to keep at least three items you will get a...
  • It’s Time To Break Up Amazon

    06/20/2017 6:59:59 AM PDT · by Callahan · 179 replies
    Fast Company ^ | 6/20/17 | Douglas Rushkoff
    “Amazon just bought Whole Foods,” my friend texted me seconds after the announcement of the proposed acquisition. “It’s over. The world.” This unease is widespread, and has raised new calls for breaking up Jeff Bezos’s impending monopoly by force. Surely the company, which now generates 30% of all online and offline retail sales growth in the United States, and already controls 40% of internet cloud services, has reached too far. The 3% hike in Amazon’s share price since the announcement—which would alone more than pay for the acquisition—may attest less to the deal’s appropriateness than to investors’ growing fear that...
  • Amazon may replace cashiers at Whole Foods with a new automated payment system [tr]

    06/20/2017 5:58:45 AM PDT · by C19fan · 79 replies
    UK Daily Mail ^ | June 20, 2017 | Jessica Chia
    Amazon is looking to reduce costs at Whole Foods with a new automated checkout system that would render thousands of cashiers redundant, it has been reported. Carmen Clark, 37, an employee at the Mount Pleasant Whole Foods, said, 'Everybody's been kind of joking that it's going to be robots and drones,' after the Amazon bought the grocery chain for $13.7 billion. It turns out Clark wasn't that far off, since Amazon is trying to reduce prices by replacing cashiers with a new mobile payment system, according to a person familiar with the company's plans who spoke to Bloomberg. But Amazon...
  • 198 million Americans hit by "largest ever" voter records leak

    06/19/2017 8:35:27 AM PDT · by palmer · 45 replies
    ZDNet ^ | June 19, 2017 -- 13:00 GMT (06:00 PDT) | Zack Whittaker
    Personal data on 198 million voters, including analytics data that suggests who a person is likely to vote for and why, was stored on an unsecured Amazon server. A huge trove of voter data, including personal information and voter profiling data on what's thought to be every registered US voter dating back more than a decade, has been found on an exposed and unsecured server, ZDNet has learned. ... The exposed records include files provided by Data Trust, a data warehouse created by the GOP to serve as its exclusive data provider of voter records. ...
  • Apple, Amazon CEOs To White House As Kushner Initiative Gets Underway

    06/19/2017 6:52:07 AM PDT · by Enlightened1 · 7 replies
    The Hill ^ | 06/19/17 | Jonathan Easley
    Apple CEO Tim Cook and Amazon CEO Jeff Bezos will be among the business leaders at the White House on Monday as the internal think tank led by President Trump’s son-in-law Jared Kushner begins the long process of modernizing the government’s information technology systems. The Trump administration will shift its focus to the tech sector this week as part of an ongoing effort to keep its policy ambitions on the front-burner. Over the past two weeks, the administration’s focus on infrastructure and workforce development were swamped by former FBI director James Comey’s testimony before the Senate and the battle lines...
  • Amazon Eats Up Whole Foods as the New Masters of the Universe Plunder America

    06/19/2017 5:50:31 AM PDT · by C19fan · 51 replies
    Daily Beast ^ | June 19, 2017 | Joel Kotkin
    With his $13.7 billion acquisition of Whole Foods, Amazon’s Jeff Bezos has made clear his determination to dominate every facet of mass retailing, likely at the cost of massive layoffs in the $800 billion supermarket sector. But this, if anything, understates the ambitions of America’s new ruling class, almost entirely based in San Francisco and Seattle, as it moves to take over industries from entertainment and transportation to energy and space exploration that once thrived and competed outside the reach of the oligarchy.
  • The Everything Store Expands

    06/17/2017 3:13:57 PM PDT · by 2ndDivisionVet · 27 replies
    Wired ^ | June 17, 2017 | Zachary Karabell
    News that Amazon intends to buy Whole Foods Market for more than $13 billion was greeted jubilantly by financial markets, with Amazon’s stock rising 2.5 percent, almost enough to cover the entire purchase. At the same time, the shares of other grocery retailers, ranging from Kroger’s to Walmart, were punished severely, plunging as much as nine percent. That mixed reaction—riches for Amazon and excitement from consumers, amidst the decimation of an entire sector of the economy—proves the company’s power. The move takes it one step closer towards founder Jeff Bezos’ long-held ambition of becoming the “world’s store,” and it is...
  • Amazon buying Whole Foods for $13.7 billion

    06/16/2017 7:45:59 AM PDT · by NautiNurse · 50 replies
    CBS News ^ | 16 June 2017 | Ivanova, I & Harding, J.
    Amazon is buying Whole Foods for $13.7 billion, the companies said Friday. The deal values the grocer at $42 a share, a 27% premium to its closing price Thursday. Whole Foods (WFM) had been under pressure from investor Jana Partners, a hedge fund that lobbied for the high-end grocer to seek a buyer to reverse declining share price. Shares had been trading at about $33 Thursday; trading was halted Friday morning on the news.
  • Amazon is buying Whole Foods in a deal valued at $13.7 billion

    06/16/2017 6:24:00 AM PDT · by C19fan · 53 replies
    CNBC ^ | June 16, 2017 | Sarah Whitten
    Jeff Bezos speaking at the new New York Economic Club luncheon in New York on Oct. 27, 2016. Amazon is buying Whole Foods in a deal valued at $13.7 billion 20 Mins Ago | 01:16 Just Watched... Amazon is buying Whole Foods in a deal valued at $13.7 billion Share this video Watch Next... Cancel Yellen: Balance sheet unwinding plan will allow market to adjust Amazon said Friday it plans to acquire Whole Foods Market for $42 a share, in a deal valued at $13.7 billion. Whole Foods' John Mackey will remain CEO of the grocery store chain after...
  • Clash Of The Online Titans: Amazon Versus Alibaba

    06/14/2017 6:01:19 PM PDT · by 2ndDivisionVet · 5 replies
    Seeking Alpha ^ | June 14, 2017 | Mark Bern, CFA
    Introduction Today, we take a look at the two online retail titans, consider how each business model differs and delve into the trends shaped by the financial results. The biggest difference between the two is that Amazon (NASDAQ:AMZN) primarily sells directly to consumers, building a network of warehouse and distribution centers with a goal of ever-improving fulfillment. Alibaba (NYSE:BABA), on the other hand, is less capital intensive and provides only a platform from which other businesses can sell directly to consumers. While both offer a platform for other sellers, AMZN is more focused on the logistics and engaging directly with...
  • Amazon to offer discount Prime memberships for those on government assistance

    06/07/2017 10:45:37 AM PDT · by Captain Peter Blood · 66 replies
    The News & Observer ^ | 06-07-2017 | Teresa Welch
    Amazon will now offer discount memberships to its Prime subscription service at a rate of $5.99 each month. Prime is best known for getting subscribers unlimited free two-day shipping on most items, as well as allowing access to Prime Music, Prime Video, Prime Reading and Prime Photos. For now, the discount is available to people with a valid Electronic Benefits Transfer (EBT) cards, but Amazon said it plans to expand the lower rate to people on other government assistance programs. Amazon said a Prime membership helps customers “save time and money.” “We designed this membership option for customers receiving government...
  • Amazon to open Fresno fulfillment center, create 2,500 jobs

    06/02/2017 8:38:05 PM PDT · by 2ndDivisionVet · 11 replies
    The Business Journal ^ | June 2, 2017 | Gabriel Dillard today announced plans to open a fulfillment center in Fresno that will employ up to 2,500 people. The 855,000 square-foot facility will be located in a burgeoning business zone at Orange and Central avenues — about 1,000 acres that is being primed for e-commerce and data center jobs, said Mayor Lee Brand in an interview. Brand said there has been a lot of behind-the-scenes work getting the $100 million project permitted, and he expects a groundbreaking within 30 days, and about one year to build the center — putting an opening in the second half of 2018. It will...
  • Amazon hiring for 2,500 jobs at new Houston center (Full time with benefits)

    05/31/2017 8:58:51 PM PDT · by 2ndDivisionVet · 8 replies
    KHOU-TV ^ | May 31, 2017
    HOUSTON - There are more than 2,500 full-time positions that need to be filled at Amazon's new robotics fulfillment center in Houston. According to Amazon, they are hiring associate roles to be part of the team that helps launch operations at the center. The new hires will be responsible for picking, packing and shipping items. The new facility which is located at I-45 and the Beltway is about 855,000 square feet. Those interested in applying should visit here. According to the company: "Full-time employees at Amazon receive competitive hourly wages and a comprehensive benefits package, including medical, dental and vision...
  • It's more than Amazon: Why retail is in distress now

    05/07/2017 5:56:43 AM PDT · by SeekAndFind · 113 replies
    CNBC ^ | 05/07/2017 | Courtney Reagan, Leslie Picker
    With more than half of 2017 still ahead, the retail industry is seeing a record-setting pace for bankruptcy filings and store closings — and more are expected in the not too distant future, despite what most consider a healthy consumer. This tipping point for retail is the result of a number of compounding reasons, but the inability to pay looming, massive debt bills is dealing the final death blow to many. More online shopping Yes, more shopping is shifting online in general, and to Amazon specifically, as in-store shopping traffic and sales trends fall for many retailers and shopping...
  • Apple is now worth more than $775 billion — another new record for the biggest U.S. stock

    05/02/2017 12:19:55 PM PDT · by C19fan · 6 replies
    CNBC ^ | May 2, 2017 | Anita Balakrishnan
    Ahead of a highly anticipated earnings report, America's most valuable company is now worth more than ever. Apple briefly hit a market capitalization of more than $776.59 billion on Tuesday, topping its previous peak market value of $774.91 billion to remain the only U.S.-listed stock with a market value of more than $700 billion. Even with other tech stocks near record highs, Apple dwarfs Alphabet, at $646.6 billion, Microsoft at nearly $536.4 billion and Amazon at $451.5 billion, according to FactSet.
  • Amazon Customer Reviews: Neodymium Magnets

    04/29/2017 8:28:20 PM PDT · by Yardstick · 66 replies
    Amazon ^ | April 29, 2017 | Various
    This Magnet is no Joke I don't often write reviews, but for this.....I had to write one. The magnet was everything as described, but please realize this is not a toy. This magnet is uncontrollable within 6-12 inches of a solid metal surface. If you are looking to just buy a strong magnet to "play" around with, buy this with extreme caution. There would not be much noticeable bone left if your finger was caught between this magnet and another magnet/fridge. Again, the magnet was everything stated in the description but its strength is no joke. Scary Strong I'm kind...
  • Amazon under fire for refusing to bow down to Muslim religious demands

    04/22/2017 10:39:03 AM PDT · by Whenifhow · 30 replies ^ | April 21 2017
    The security firm that patrols the headquarters of tech giant Amazon has been accused of allegedly mistreating its Muslim workers, with critics claiming the contractor does not appropriately accommodate their demands for prayer breaks 5 times a day — and retaliates against those who speak out. Three workers have filed charges claiming the company retaliated against them for complaining. quote: PJ Media The Service Employees International Union and three Muslim guards who work for Security Industry Specialists, the security contractor Amazon uses to guard its facility, accuse SIS, and by implication Amazon, of refusing to allow the guards space to pray five...
  • Amazon To Create 2,500 Full-time Jobs With Three New Jersey Fulfillment Centers

    04/21/2017 5:28:21 PM PDT · by 2ndDivisionVet · 15 replies
    Fox Business News ^ | April 21, 2017 | Tonya Garcia Inc. said Friday that it will create 2,500 full-time jobs in New Jersey through three new fulfillment centers. The state already has seven facilities. Employees at the new Cranbury Township and Logan Township centers will pick, pack and ship larger items like patio furniture and music equipment. Workers at the Edison fulfillment center will handle smaller items like books and toys. Amazon announced in January that it would create 100,000 jobs over the course of 18 months, many in fulfillment centers. Amazon shares are up 0.2% in premarket trading and up 43% over the past year. The S&P 500...
  • Notorious Jamie Gorelick is on Amazon's Board of Directors! [Vanity - Freeper Research]

    04/17/2017 1:04:09 PM PDT · by Enchante · 29 replies
    Wikipedia ^ | April 2017 | Wikipedia Board of directors As of February 2016, the board of directors is: Jeff Bezos, President, CEO and Chairman Tom Alberg, Managing partner, Madrona Venture Group John Seely Brown, Visiting Scholar and Advisor to the Provost at University of Southern California Bing Gordon, partner, Kleiner Perkins Caufield & Byers Jamie Gorelick, partner, Wilmer Cutler Pickering Hale and Dorr Judy McGrath, former CEO, MTV Networks Alain Monié, CEO, Ingram Micro Jon Rubinstein, former Chairman and CEO, Palm, Inc. Thomas O. Ryder, former Chairman and CEO, Reader's Digest Association Patty Stonesifer, President and CEO, Martha's Table Wendell P. Weeks, Chairman, President and...