U.S. online sales during Amazon.com Inc.’s Prime Day shopping event jumped 8.5 percent from last year to nearly $12 billion, as inflation-hit Americans pounced on discounted essentials and electronics, showed data from Adobe’s Digital Economy Index. Amazon said on Thursday the two-day shopping event, on July 12 and 13, was its biggest ever globally, with…
Amazon.com’s Ring Gave Police Data Without User Consent 11 Times in 2022
WASHINGTON—Amazon.com’s Ring doorbell unit, which makes videos of the outside of an owner’s home, gave footage to law enforcement without the user’s consent 11 times so far this year, the company said. Amazon said it provided the video under emergency circumstances. Senator Edward Markey, a lawmaker interested in privacy, on Wednesday released a letter from…
Shopping Invasion of America From China; Biden Sells Strategic Reserve Oil to China
July 13, 2022
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We discuss how China is using data theft and its commercialization in a shopping war on America. Amazon has a Chinese seller problem. Companies like Wish.com, Shein, and AliExpress out-compete American companies. All that is based on data that the Chinese Communist Party has gathered on Americans. I then speak with John McNabb, former co-founder…
Amazon Launches Clinical Trials for Development of Personalized Vaccine for Breast and Skin Cancer
July 12, 2022
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Amazon has been developing personalized vaccines for breast and skin cancers in conjunction with the Fred Hutchinson Cancer Center and has been recruiting patients to participate in an FDA-approved clinical trial for the shots, according to a public filing. A summary of the project was first posted on Clinicaltrials.gov, an online database of clinical studies run by the U.S. National…
Bezos vs. Bozos: Government Always Resents Entrepreneurs
Commentary It is interesting in the extreme that Jeff Bezos, second-richest man in the world, Amazon founder, self-propelled astronaut, and confirmed liberal who lavished the Obama Foundation with $100 million and bought (likely saving) The Washington Post, which he then turned into a leading digital media innovator, is now an unlikely enemy of the Biden…
Amazon Teams up With Just Eat on US Food Delivery With Grubhub Investment
Amazon has agreed to take a 2 percent stake in Just Eat Takeaway.com’s struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year. The deal is a major relief for Just Eat Takeaway, Europe’s largest meals company, whose stock had fallen 70 percent this year. Shareholders…
What Is the Secret to Amazon’s Huge Success? Jeff Bezos Credits Commitment to These 3 Principles
By Sonia Thompson In January 2020, Amazon crossed a $1 trillion market cap. Because of its behemoth size, it is no wonder entrepreneurs from around the globe keep a watchful eye on what Amazon does, trying to extract insights into what makes it so successful. The good news is its CEO Jeff Bezos has been very upfront about the…
Amazon Joins Major Retailers Limiting Purchases of Emergency Contraceptive Pills
Amazon has joined a growing number of companies that are limiting sales of emergency contraceptive pills amid a surge in demand following last week’s Supreme Court ruling that ended the constitutional right to have an abortion in the United States. The online retailer confirmed to CNBC that it has placed a temporary limit on purchases of the morning-after pills to…
Amazon Providing $23 Million for Affordable Housing in Seattle
SEATTLE—Amazon said Thursday it is providing $23 million to help minority-led organizations build or preserve more than 500 new affordable housing units in Seattle—the latest spending by a tech company to ease a severe housing crunch the industry has helped create. The commitment comes from Amazon’s Housing Equity Fund, a $2 billion initiative launched in…
Netflix Cuts 300 More Jobs Amid Slowing Growth
Netflix has laid off a further 300 employees after last month letting go of 150, mostly in the United States, amid slowing growth. The job cuts, which the company said in May were driven by business needs and not employee performance, come as Netflix subscriptions substantially fell for the first time in a decade. A…
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