Tag: Amazon
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Breaking: Wealthiest person in modern history emerges
Jeff Bezos, founder of Amazon, American electronic commerce and cloud computing company based in Seattle, Washington has reached a net worth of $150 billion. TheNewsGuru reports Jeff Bezos reached the $150 billion net worth to become the wealthiest person in modern history. Born Jeffrey Preston Bezos, he is an American technology entrepreneur, investor, philanthropist, and…
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World’s most valuable brand: Google displaces Facebook, Apple
Google has displaced Apple to become world’s most valuable brand, according to analysis from global brand consultancy, BrandZ. TheNewsGuru reports a new study by BrandZ reveals Google, owned by Alphabet Inc., had a brand value of $302 billion, compared to Apple’s $301 billion. According to the analysis released by the global brand consultancy firm, the…
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Trump vs Amazon: U.S. Postal Service to undergo restructuring
U.S. President Donald Trump on Thursday ordered the creation of a task force to study the U.S. Postal Service and its financial difficulties, after recently claiming without evidence that deliveries for Amazon.com were costing the service money. The task force will look into the post office’s business model, similar to a commission set up by…
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President Trump fires Amazon with tweet missile
US President Donald Trump has accused Amazon.com of not paying enough tax, taking advantage of the US postal system and putting small retailers out of business. Trump voiced the accusation against the retail giant in a tweet he posted on his official Twitter handle on Thursday. However, the president did not substantiate his accusation with…
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Amazon paid $90 million for camera maker’s chip technology – sources
Amazon.com paid about 90 million dollars to acquire the maker of Blink-home-security cameras late last year, in a secret bet on the startup’s energy-efficient chips, people familiar with the matter told the Media on Monday. The deal’s rationale and price tag, previously unreported, underscores how Amazon aims to do more than sell another popular camera,…
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Amazon’s automated grocery, future store opens Monday
Amazon.com Inc will open its checkout-free grocery store to the public on Monday after more than a year of testing, the company has said. The company said this could assist in moving forward on an experiment that could dramatically alter brick-and-mortar retail. The Seattle store known as Amazon Go relies on cameras and sensors to…
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Amazon releases shipment records, ships over 5 billion items worldwide
Online retailer Amazon.com on Tuesday released its first ever shipment records that shows the retail giant shipped over 5 billion items worldwide via its subscription-based Prime service in 2017. While the records show that the e-commerce firm added more new members than ever before in the year under review, it did not give comparable full-year…
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Apple to acquire Netflix, analysts predict
Premium smartphones maker, Apple Inc. has been predicted to possibly buy Netflix contrary to reports of the iPhone maker launching its video subscription product in 2018. Analysts from Citi said the smartphones giant could possibly take advantage of US President Donald Trump’s corporate tax cut to acquire the entertainment company. According to Citi analysts, Jim…
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Mark Zuckerberg gets $3.5 billion richer in the last five days
Recent financial reports show that Facebook founder and Chief Executive Officer (CEO), Mark Zuckerberg got $3.5 billion richer in the last five days. This is an outstanding feat considering the fact that there is a global outcry of financial lack in every nook and cranny. Forbes reports that the shares of Facebook, which have risen…
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Paris Accord: US tech firms dare President Trump again, ‘go unusual’
Apple, Amazon, Facebook and Google are among hundreds of US businesses joining an effort to support the Paris climate agreement as part of a public campaign announced Monday. Dubbed “We Are Still In,” the launch of the initiative comes just days after President Donald Trump said the United States would withdraw from the international accord,…