Category: General Amazon Company News
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Updates to Prime eligibility and badge criteria and Featured Offer selection on Amazon
Following a recent settlement reached between Amazon Services Europe S.A.R.l and the European Commission (which covers Amazon marketplaces in Germany, France, Spain, Netherlands, Poland, Sweden, and Belgium), Amazon will be updating the Prime eligibility and badge criteria, and Featured Offer (formerly known as the “Buy Box”) criteria in June 2023 across these stores. This is…
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Europe top court rules Amazon should not sell third party knock-off Louboutin shoes
Amazon could be held responsible when third-party sellers misuse trademarks on its site. The European Court of Justice (ECJ) made the ruling on Thursday, after courts in Belgium and Luxembourg asked for its opinion on a case raised by French shoemaker Christian Louboutin in 2019. Louboutin argued that Amazon was breaching trademark rights by capitalising…
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Amazon obtained a $8 billion term loan
Amazon said in an official press statement it had reached an agreement with certain lenders to provide their company an $8 billion unsecured loan. The term loan will mature in 364 days, with an option to extend for another 364 days and the proceeds would be used for general corporate purposes. “Given the uncertain macroeconomic…
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Amazon employee is charged with stealing over $300K worth of merchandise while working in a FBA warehouse
Memphis Police Department arrested an Amazon employee for allegedly stealing over $300,000 worth of merchandise. According to the affidavit, Devan Thomas, 26, stole $325,325 worth of merchandise: Apple and Samsung phones, Nintendo consoles, cellular phone accessories, jewelry, watches, computer parts, and gaming consoles. Thomas was caught after Amazon’s loss prevention team began investigating theft in…
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Amazon CEO of Worldwide Consumer Dave Clark resigns
Dave Clark, CEO of Amazon’s worldwide consumer business and a top lieutenant of CEO Andy Jassy, will resign July 1, after 23 years at the company, Amazon announced in a regulatory filing Friday. Clark is the latest member of Bezos’ former inner circle to exit the company. He joined Amazon’s operations division in 1999 and quickly rose…
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Amazon is closing 68 retail stores, ending Amazon Books, 4-star and Pop Up shops
Amazon is shutting down all its Amazon Books physical bookstores, as well as its Amazon 4-star and Amazon Pop Up shops, which sold a variety of electronics and other popular items. The closures affect 68 stores across the U.S. and U.K. The dates for closures are not given yet and will vary by location. Amazon said…
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Amazon Web Services, Alexa or Amazon Echo are down again!
On 31.January 2022, Amazon experienced another wave of technical outages following similar ones happening over the past month, affecting their marketplace platform, Amazon Web Services, Alexa or Amazon Echo. AWS’s official Service Health Dashboard hasn’t acknowledged any issues yet, which can be confirmed on their official website: https://status.aws.amazon.com. However, thousands of outraged users across the…
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Amazon’s stock tanks to a several years low after Alexa malfunctions and causes a severe outage
Since early in the morning, over 8,000 people have reported issues with Amazon’s smart assistant, with reports suggesting the outage was widespread across the UK as well as Europe. Affected Alexa owners experienced difficulty with the gadget this morning – with some users unable to turn off their alarm clocks and switch off their lights.…
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Jeff Bezos would pay over $5 billion a year under Warren’s wealth tax
Jeff Bezos would owe $5.7 billion in taxes for 2020 under the Ultra-Millionaire Tax Act proposed by a group of Senate and House Democrats and independent Sen. Bernie Sanders. Sens. Elizabeth Warren and others unveiled their proposed wealth tax, saying it would raise trillions in much-needed revenue and help reduce a wealth divide that has only grown wider during the pandemic.…
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Amazon purchases Selz to compete with Shopify
About a month ago, Selz, an Australian tech company, was acquired by Amazon. Selz helps businesses set up and manage online stores without needing any technical expertise. In that regard it is similar to Shopify, the fast-growing platform powering the e-commerce of an increasing number of small and large companies. Shopify is estimated to be the second-largest e-commerce platform in…
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Amazon will pay $61.7 million to settle claims it withheld tips from delivery workers
Jeff Bezos, the founder of Amazon, stepped down from his CEO position, shortly before the United States Federal Trade Commission announced that it was fining Amazon $61.7m, so the company could settle charges that it withheld delivery drivers’ tips paid by customers. The full announcement from the FTC is astounding. It states that Amazon regularly advertised that…
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Jeff Bezos is stepping down as Amazon’s CEO to become Chief Executive, focusing more time on his other projects, including Blue Origin
In the evening of 2.February 2021, the breaking news of Amazon CEO Jeff Bezos quitting from his role hit the media, announcing that Amazon Web Services current CEO Andy Jassy will be taking the spot by the end of this year. This will not be the first departure of a major Amazon figure, after Amazon…
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Elon Musk’s SpaceX and Jeff Bezos’ Amazon are sparring over Starlink and Project Kuiper
The two wealthiest men on the planet are fighting in front of federal regulators over the massive satellite internet projects their companies are developing. SpaceX CEO Elon Musk took to Twitter, as his company works to persuade Federal Communications Commission officials that it should allow SpaceX to move some of its Starlink satellites to lower altitudes than…
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Amazon officially announces launch of their new Polish marketplace
On 11.January 2020, I informed you in my article, how Amazon e-mailed sellers to let them know about their credit cards being assigned into the new marketplace as a charge method. I told you about it being due to the development of Polish site. After a few weeks of speculations, Amazon finally officially confirmed the…
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Letter from Dave Clark, Amazon Worldwide Consumer CEO to the new US president Joe Biden
As soon as the United States controversial former president Donald Trump got replaced by Joe Biden on 21.January, Amazon started lobbying hoping to improve the shattered relationship between the company and the US government, following last year’s embarrassing anti-trust investigation report, about which I informed you in my article. Immediately after the presidential inauguration, Amazon…
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Jeff Bezos becomes the wealthiest man after Tesla stock wiped billions out of Elon Musk’s fortune
After briefly topping Forbes’ list of the richest people, Elon Musk fell back to second place, behind Amazon CEO Jeff Bezos. Tumbling shares of Tesla, his electric-vehicle company, on Monday chopped $13.5 billion off his fortune. Musk on Thursday became the world’s richest person; his fortune grew by more than $150 billion in a year. But Tesla shares fell…
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Jeff Bezos is no longer the world’s richest person
Amazon founder Jeff Bezos is no longer the wealthiest man in the world, after Tesla CEO Elon Musk’s fortune on Thursday rose to $188.5 billion, $1.5 billion more than Bezos. Shares in electric carmaker Tesla rose by more than 6 percent on Thursday to push South African-born Musk into the top spot, removing Bezos from the place he has occupied for more…
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Jeff Bezos becomes the biggest private supporter of climate action
Through his Bezos Earth Fund, Jeff Bezos recently became the biggest private supporter of climate action. The $10 billion fund gave out its first round of grants, $791 million to 16 environmental organizations. The grants will finance research and implementation of efforts to reduce carbon emissions that are generating human-caused climate change, as well as adding green jobs…
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Defamation lawsuit against Jeff Bezos gets dismissed in California
The lawsuit was filed by Michael Sanchez —the brother of Bezos’ girlfriend, Lauren Sanchez — and claimed Bezos falsely accused Sanchez of leaking nude photographs of Bezos to the National Enquirer. The lawsuit, which has become a months-long legal battle, was thrown out on when Judge John P. Doyle, of Los Angeles County Superior Court, said…
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Delivery Driver Who Stole Kid’s PS5 Birthday Present Fired By Amazon
Amazon fired an employee who left without delivering one of the countless PlayStation 5 that disappeared on launch day in the UK. The driver was caught in surveillance cameras by Jenni Walker, who bought a PS5 as a birthday present for her son and ended up becoming one of the immense victims of the controversy…
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Huge fire in one of UK’s largest Amazon warehouses
Staff at a large Amazon warehouse have been evacuated after a fire broken out at the fulfillment centre. The Scottish Fire and Rescue Service confirm that they arrived at the scene around 10pm on Thursday night, and are still there. The warehouse is one of the largest in Britain and is the size of around…
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Amazon releases their COVID-19 statistics, revealing that more than 19,000 workers got infected
Amazon recently released comprehensive data on the spread of the coronavirus among its employees, disclosing that more than 19,000 workers, or 1.44% of the total, contracted the virus. Between 1.March and 19.September 2020 Amazon counted 19,816 presumed or confirmed Covid-19 cases across its roughly 1.37 million Amazon and Whole Foods Market front-line employees in the U.S. The information…
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Amazon releases their COVID-19 statistics, revealing that more than 19,000 workers got infected
Amazon recently released comprehensive data on the spread of the coronavirus among its employees, disclosing that more than 19,000 workers, or 1.44% of the total, contracted the virus. Between 1.March and 19.September 2020 Amazon counted 19,816 presumed or confirmed Covid-19 cases across its roughly 1.37 million Amazon and Whole Foods Market front-line employees in the U.S. The information…
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Hundreds of Amazon parcels spill over road in the UK
An Amazon lorry has crashed on a motorway, causing hundreds of parcels to spill out onto the carriageway. Shocking photos have been shared on social media showing the overturned lorry stretched across the central reservation and blocking traffic along the A27 near Emsworth, Hampshire. According to reports, the 62-year-old driver of the lorry was rushed to hospital with serious…
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Protesters marched outside Jeff Bezos’ luxury mansion to demand the Amazon billionaire pay more taxes and take responsibility for the 20,000 workers infected by COVID-19
Protesters marched to Amazon CEO Jeff Bezos’ Beverly Hills mansion to demand the company address environmental and labor issues that unraveled during the pandemic. The event saw a coalition of labor and environmental activists gathered at Will Rogers Memorial Park on Sunset Boulevard to decry Bezos and his multi-billion dollar e-commerce empire during ‘The Wrong…
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Shocking US Anti-Trust Investigation Report into Amazon is here and confirms what we all already knew!
American lawmakers who spent the last year investigating the practices of the world’s largest tech giants said this week that Amazon, along with three other companies exercised and abused it’s monopoly power and called for the most radical changes to antitrust laws in half a century! In a 449-page report, lawmakers said the four companies had turned…
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Customers in Amazon Go Grocery stores can now pay using the palm of their hand
Amazon recently launched a new palm recognition system at two of its Seattle stores that allows customers to pay for items with a simple wave of their hand. Called Amazon One, the technology creates a unique ‘palm signature’ for each individual by gathering surface-area details and links it to a credit card. Users simply bring their…
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Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal
Amazon has embarked on an extraordinary hiring binge this year, adding up an average of 1,400 new workers a day and increasing its power as online shopping becomes more popular in the coronavirus pandemic. The hiring has taken place at Amazon’s headquarters in Seattle, at its hundreds of warehouses in rural communities and in countries such…
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At least one dead after a shooting at Amazon warehouse in Jacksonville
A woman died and a man was rushed to a hospital for treatment Tuesday night after a shooting at the Amazon Fulfillment Center on Pecan Park Road, according to the Jacksonville Sheriff’s Office. It is believed that they both were Amazon employees. A woman, who works at the center and asked to remain anonymous, said…
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Amazon announces new hardware, including a surveillance drone that patrols your house when you’re not there
Every year, Amazon holds an event where it announces all their new devices at once. 2020 is no different, but instead of having it in their Seattle headquarters, the company made its announcement in a form of a videoconference. Among this year’s improved gadgets are Echo, Echo Dot and Echo Dot Clock. The new Echo has a whole new,…
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Amazon distances itself from the $500 Peleton knock-off Prime Bike and removes it from its site
This week, a fitness equipment maker called Echelon Fitness announced its latest product, the so-called Prime Bike. At $500, it’s nearly a clone of Peloton’s $1,900 product. The company said it had developed the bike “in collaboration with Amazon”. Following the release, the world’s news were flooded with articles regarding this move. Shortly after after, Amazon labelled…
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Former NSA chief Keith Alexander joins Amazon’s board of directors
Gen. Keith Alexander is joining Amazon’s board of directors, the company revealed in a Securities and Exchange Commission filing today. He has also been added to the company board’s official site. A former director of the National Security Agency and the first commander of the US Cyber Command, Alexander served as the public face of US data…
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Amazon Launches Luxury Store on App
This week, Amazon launched their luxury online boutique called “Luxury Stores” available on app, with just a single brand – Oscar de la Renta. For years, designers steered clear, fearing counterfeiters on Amazon’s third-party marketplace and the company’s reputation for giving brands less control over how their wares are marketed than physical retailers. Amazon believes that…
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Amazon releases new Halo health tracker that monitors emotion, body fat and activity
[whohit]Amazon releases new Halo health tracker that monitors emotion, body fat and activity[/whohit]Amazon unveiled a sensor fitted wristband called Halo that pairs with an AI-powered companion app to provide insights into the user’s overall wellness. The device detects emotion by analyzing speech, monitors sleep through heart rate and tracks activity based on the intensity and…
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Amazon owned Twitch un-bans Trump’s channel suspended for ‘hateful conduct’
[whohit]Amazon owned Twitch un-bans Trump’s channel suspended for ‘hateful conduct’[/whohit]Twitch, the livestreaming platform, recently suspended President Donald Trump’s channel for “hateful conduct,” in what appeared to be the first deliberate suspension of one of Trump’s social media accounts. The site, which is owned by Amazon, said two recent streams on Trump’s channel violated its rules.…
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How did Amazon react to TikTok?
[whohit]How did Amazon react to TikTok?[/whohit]As numerous institutions and even while countries ban the Chinese video sharing app TikTok, we are sure that our readers are interested how did Amazon deal with security concerns over it’s use. Amazon bosses actually banned the use of TikTok within the company through an internal e-mail distributed to employees,…
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Amazon planning to transform closed retail stores into Fulfillment Centers
[whohit]Amazon planning to transform closed retail stores into Fulfillment Centers[/whohit]The largest mall owner in the United States has been in talks with Amazon.com Inc. to take over space left by ailing department stores. Simon Property Group Inc. has been exploring with Amazon the possibility of turning some of the property owner’s anchor department stores into…
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Amazon is letting employees work from home until early January
[whohit]Amazon is letting employees work from home until early January[/whohit]Due to the coronavirus pandemic, many Amazon employees are now working from home, which directly affects the quality and availability of Seller Support and the timeliness of any responses to communication. Unfortunately, Amazon will allow employees to continue working remotely through January 8, 2021, and this…
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Jeff Bezos Sells One Million Amazon Shares Worth $3.1 Billion
[whohit]Jeff Bezos Sells One Million Amazon Shares Worth $3.1 Billion[/whohit]Amazon founder and CEO Jeff Bezos sold $3.1 billion worth of Amazon shares in the first few days of August, according to documents filed with the Securities and Exchange Commission. After taxes, the billionaire will take home an estimated $2.4 billion. His last large Amazon sell-off…
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Congress documents reveal e-mails between Jeff Bezos and Apple CEO
[whohit]Congress documents reveal e-mails between Jeff Bezos and Apple CEO[/whohit]Now we know how Apple convinced Amazon to finally put Prime Video on the App Store in 2017: Apple agreed to only take 15% of revenue from Prime Video subscriptions made on iOS, versus the 30% they were taking from others. The document is among the many…
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Jeff Bezos testifies in a virtual hearing on antitrust laws
[whohit]Jeff Bezos testifies in a virtual hearing on antitrust laws[/whohit]The CEOs of the four biggest tech firms faced Congress on Wednesday, being accused of running monopolies, trampling small businesses and would-be competitors. For more than five hours Jeff Bezos, Facebook’s Mark Zuckerberg, Sundar Pichai of Google and Tim Cook of Apple testified before the Antitrust,…
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Jeff Bezos’s hacked Twitter account sends messages asking for Bitcoin donations
[whohit]Jeff Bezos’s hacked Twitter account sends messages asking for Bitcoin donations[/whohit]Jeff Bezos, Barack Obama or Elon Musk were among the victims of the four-hour attack on Wednesday afternoon that saw hackers infiltrate Twitter’s internal systems and post bogus tweets from the high profile accounts asking people to send bitcoin. The scammers received more than $116,000 worth…
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Jeff Bezos’s wealth hits a new high of $171 billion as Amazon stock soars
[whohit]Jeff Bezos’s wealth hits a new high of $171 billion as Amazon stock soars[/whohit]Jeff Bezos’s fortune has soared to $171.6billion, breaking his previous wealth record, which was set on September 4, 2018, before his divorce, according to the Bloomberg Billionaires Index. This year alone Bezos has seen his fortune increase by $56.7billion. Amazon has only seen…
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Amazon purchases naming rights of Seattle’s NHL arena
[whohit]Amazon purchases naming rights of Seattle’s NHL arena[/whohit]The world’s richest man, Founder and CEO of Amazon Jeff Bezos, announced that the company has purchased the naming rights of the venue that will host Seattle’s NHL team. Seattle’s expansion team will play their inaugural season during the 2021-22 NHL season. They do not currently have a…
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Jeff Bezos adds $24 billion to his fortune
[whohit]Jeff Bezos adds $24 billion to his fortune[/whohit]This year may have brought about the largest health crisis in decades, but if you’re the owner of a business such as Amazon, you don’t need to worry. Though experts in finance across the world have predicted the recession brought about by the Covid-19 lockdown could be the…
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Amazon sent luxury Moncler jackets to cancelled MARS robotics conference guests
Amazon warehouse workers on the frontlines of the coronavirus crisis won a long-fought battle this month when the company agreed to provide some of them with paid time off benefits. [whohit]Amazon sent luxury Moncler jackets to cancelled MARS robotics conference guests[/whohit]Around the same time, another group of people connected to Amazon received an unexpected surprise…
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First cashierless Amazon Go Grocery Store opens today in Seattle and we were there
Today on Tuesday 25.February 2020 Amazon unveiled it’s first cashierless store in Seattle, WA at 610 E. Pike Street. [whohit]First cashierless Amazon Go Grocery Store opens today in Seattle and we were there[/whohit]Here you can view the official information page: Amazon Go Grocery The concept is simple. There are banks of cameras and sensors overhead…
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Popcorn time! A whole movie about Jeff Bezos and Amazon. Have you seen it already?
[whohit]Popcorn time! A whole movie about Jeff Bezos and Amazon. Have you seen it already?[/whohit]Recently, Frontline – American television’s top long-form news and current affairs series released a movie called “Amazon Empire – The Rise and Reign of Jeff Bezos, which presents us the story and birth of one of the world’s most dominant companies…
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Jeff Bezos to invest billions into fighting against climate change
Today on 17.February Jeff Bezos announced in his Instagram post that starting summer 2020, he is going to get engaged in a fight against climate change by sponsoring various organizations, institutions, charities and individuals that are working on protecting the Earth. [whohit]Jeff Bezos to invest billions into fighting against climate change[/whohit]He will be setting up…
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There will be an Amazon HQ2, but it will be in Seattle
When Amazon announced their plans to open a second North American headquarters, the company promised it would be the “full equal” to its Seattle home base, with 50,000 high-paying jobs and executive leadership spread across the two locations. [whohit]There will be an Amazon HQ2, but it will be in Seattle[/whohit]But after the company decided to…