Amazon.com

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Jeff Bezos' Net Worth Just Hit a Huge Milestone

Amazon founder is now the richest person in modern history, with $150B

(Newser) - It's a very happy Prime Day indeed for Jeff Bezos: On Monday morning, the Amazon founder became the richest person in modern history, Bloomberg reports. Bezos, 54, now has a net worth of about $150 billion, $55 billion more than the second-richest person in the world, Bill Gates. Gates... More »

Why a 2009 Romance Novel Costs $2,812.48 on Amazon

The 'New York Times' takes a look at what some third-party sellers are doing

(Newser) - With most Amazon articles focused on Prime-Day deals , the New York Times is out with a story focusing on the opposite end of the spectrum: the astronomical prices some third-party sellers are attaching to books sold on the site. It zeroes in on romance author Deborah Macgillivray, who in June... More »

Prime Day Is Full of Secrecy. Here's What Has Been Revealed

A guide to the 4th annual extravaganza

(Newser) - Amazon's "epic day (and a half)" is here: The 4th Prime Day begins at 3pm ET Monday and will run 36 hours, up from last year's 30. We'll get right to the point: Here's a guide to what you need to know.
  • NBC News reports
... More »

Amazon Promises an 'Epic' 36 Hours of Shopping

Prime Day is coming July 16, with extended hours

(Newser) - A "day" is traditionally defined as 24 hours, but in Amazon's case, it could also mean 36. The latter is what the online giant is allotting for its upcoming Amazon Prime Day on July 16, kicking off the online sales at 3pm that day, per CNNMoney . Billing what'... More »

This Is the Highest Spot on Planet for Amazon Deliveries

Leh, India, is in the Himalayas, demonstrates the company's reach

(Newser) - A writer for the Atlantic tried delivering packages for Amazon for a single day in San Francisco and came to regret it . The same isn't true for Eshay Rangdol. The New York Times takes a fascinating look at the lengths—or, rather, heights—Amazon is going to in order... More »

Amazon Rolls Out Delivery Van Program

Company wants entrepreneurs to take over from UPS

(Newser) - Amazon packages, which usually show up in a UPS truck, an unmarked vehicle, or in the hands of a mail carrier, may soon be delivered from an Amazon van. The online retailer, wanting more control over how its packages are delivered, is rolling out a program Thursday that lets entrepreneurs... More »

She Drove for Amazon Flex, Quickly Came to Regret It

What it's like to (very briefly) be an Amazon Flex driver

(Newser) - Parking in downtown San Francisco is no picnic, a fact Atlantic writer Alana Semuels rued during her single day as a driver for Amazon Flex. That's the delivery service Amazon operates that pays independent contractors to ferry packages to homes and businesses in some 50 cities, and Semuels decided... More »

3 Little Letters May Hide an Ulterior Motive at Amazon

Gizmodo suggests VTO is a way to keep employee counts up while trimming costs

(Newser) - VTO: It's a part of Amazon's lexicon that might seem like an "innocuous sounding acronym." But in a lengthy piece, Gizmodo suggests it's anything but. VTO, or Voluntary Time Off, is a just that: an opportunity for Amazon's legions of warehouse workers to end... More »

In 'Unlikely' String of Events, Amazon Echo Records, Sends Conversation

Family acquaintance was sent audio file of discussion

(Newser) - Amazon says an "unlikely" string of events prompted its Echo personal assistant device to record a Portland, Oregon, family's private conversation and then send the recording to an acquaintance in Seattle, the AP reports. The woman told KIRO-TV that two weeks ago an employee of her husband contacted... More »

Lots of Returns? Amazon Might Cancel Your Account

Dozens of users have told stories of being banned

(Newser) - Amazon has a reputation for making returns easy—but many users have complained that the retail giant has banned them because they returned too many of their purchases from the site. People have been talking about such experiences for years , but a new Wall Street Journal article brings new attention... More »

New Prime Benefit: Extra Discounts at Whole Foods

Amazon benefit will be rolling out to stores in the US this summer

(Newser) - It's Prime time at Whole Foods: Amazon is rolling out discounts for Prime members at the organic grocer. The benefits start Wednesday at stores in Florida and will expand nationwide this summer, the AP reports. Prime members will get an additional 10% off sale items and exclusive deals on... More »

Amazon Not Thrilled With Seattle's New 'Amazon Tax'

Tax on city's largest employers will bring in about $45M a year

(Newser) - "People are dying on the doorsteps of prosperity." That's per a city councilwoman in Seattle, where local politicians hope a new tax on big business will alleviate homelessness. On Monday, the Seattle City Council passed a "head tax," which starting in 2019 will be imposed... More »

Stolen Schnauzer Retrieved After Email to Jeff Bezos

A driver delivering dog food for Amazon allegedly dog-napped the pooch first

(Newser) - Richard Guttfield was playing snooker at his $2 million estate in Buckinghamshire, England, when Wilma, his black miniature schnauzer suddenly disappeared. His only clue: The 11-month-old puppy went missing shortly after an Amazon driver had delivered a package of dog food. The businessman wasn’t certain that there was a... More »

Amazon Hikes Annual Prime Price

It jacked up the monthly fee in January

(Newser) - Amazon is raising the price of its annual Prime membership fee to $119 a year, up 20% from $99. New Prime members in the US will be charged the higher price starting May 11. The increase will apply to renewals of existing memberships starting on June 16. Besides free two-day... More »

Amazon Just Revealed Its Median Annual Pay. It's Low

Amazon workforce is largely blue-collar

(Newser) - Amazon is an odd company—it's "often compared to Silicon Valley tech giants," as the Wall Street Journal puts it, but tech is just one part of its business. Retail, logistics, and transportation are the other parts, and that explains why the median annual salary of its... More »

Equities in 'Tailspin' as Stocks Hit the 'Trump Slump'

Not since the Great Depression have US stocks seen such a bad April slide, Bloomberg reports

(Newser) - US stocks haven't seen a second-quarter start like this in 90 years—90 years ago being the kickoff to the Great Depression. Bloomberg looked at the numbers and reports on the April slide: 2.2% for the S&P 500, a drop that hasn't been surpassed since 1929'... More »

Amazon Might Move Into Toys R Us Locations

It's considering buying some of the stores to showcase its own products

(Newser) - Amazon might buy some Toys R Us stores—but if you've been waxing nostalgic and bemoaning the impending death of the iconic toy chain , don't get excited. Amazon isn't looking to continue the Toys R Us brand, it's just interested in the vacant retail space, sources... More »

Amazon Announces Rare Round of Layoffs

Company still hiring 'aggressively' in some areas

(Newser) - After a ramp-up in hiring last year, Amazon says it will cut a "small" number of positions at its Seattle headquarters. The company did not give an exact number, but the Seattle Times , citing a person familiar with the cuts, says they affect a few hundred people. That would... More »

Seattle Has a New Landmark

Jeff Bezos opens 'Spheres' conservatory for Amazon.com

(Newser) - Amazon.com boss Jeff Bezos has inaugurated his striking rainforest conservatory built of glass and white steel in downtown Seattle. "The Spheres" domed structure that opened Monday is the newest headquarters building for the online retail behemoth, per the AP . Bezos and his wife, MacKenzie, were on hand to... More »

Amazon Jacks Up Price of Monthly Prime Membership

But those who pay the annual fee of $99 will see no increase

(Newser) - Amazon is raising the price of its Prime membership monthly plan by nearly 20%, although the fee of $99 for an annual membership will not change. The online retailer had added the monthly payment option about two years ago as a way to hook shoppers—especially during the holiday season—... More »

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