People are still processing the impact of tornadoes that ripped through as many as 6 states late Friday and early Saturday, including the loss of many lives. CNN said officials fear the death toll could exceed 80. Amazon CEO Andy Read more
Amazon grew total sales 44% in the first three months of 2021 for its entire business, including the Amazon Marketplace. Sellers accounted for 55% of Amazon worldwide paid units (excluding Whole Foods Market). In Thursday’s press release announcing earnings, it Read more
Amazon grew sales by 40% in North America in the 4th quarter of 2020, 57% internationally, and its AWS division grew 28%, for consolidated sales growth of 44% (or 42% currency neutral). Amazon announced financial results for its fourth quarter Read more
Amazon disclosed the 2019 salary and total compensation of its top executives including its CEO, and it detailed the issues on which shareholders will vote at its annual meeting in May. The company revealed that founder and CEO Jeff Bezos Read more
Amazon founder and CEO Jeff Bezos published a letter to employees on Saturday in which he revealed the company had placed orders for millions of face masks for employees who cannot work from home and who are providing a vital Read more
The hunt for Amazon’s second headquarters, dubbed HQ2, is over, and the Seattle-based powerhouse has selected two East Coast locations: New York City and Arlington, Virginia (across the Potomac River from Washington, DC). “The new locations will join Seattle as Read more
What if you took the principles of running an ecommerce marketplace and applied them to a nonprofit educational operation, with the child as “customer”? Jeff Bezos, the founder of Amazon, and his wife MacKenzie, launched a philanthropic initiative called the Read more
Amazon CEO Jeff Bezos said Wednesday he’s taking the company’s longstanding partnership with retail chain Best Buy to a “new level.” The companies are collaborating on new TVs that Best Buy will sell exclusively in-store and on its website – Read more
Amazon CEO Jeff Bezos opened up about some Marketplace initiatives in a letter to shareholders where he seemed more open than usual, discussing the company culture and its willingness to embrace failure. For many years, Amazon has reported having about Read more
For the top brass at Amazon, equity in the company has long been the primary method of compensation, with salaries and other cash rewards so common to other firms taking a backseat to stock-based rewards. Amazon explains that its compensation Read more
