Elon Musk, founder of SpaceX, left, and Amazon and Blue Origin founder Jeff Bezos. Getty Images An Amazon shareholder lawsuit alleges that the company disregarded SpaceX for lucrative satellite launch contracts due to Jeff Bezos’ personal feud with Elon Musk, who has long mocked Bezos’ space ambitions. Cleveland Bakers and Teamsters Pension Fund (CB&T) filed …
The devastating wildfires that have wreaked havoc on Maui have motivated wealthy technology moguls who own extensive properties in Hawaii to contribute through charitable donations towards the rebuilding efforts in the devastated town of Lahaina. Renowned figures such as Jeff Bezos of Amazon, Marc Benioff of Salesforce, Mark Zuckerberg of Meta, Larry Ellison of Oracle, …
Jeff Bezos, the billionaire founder of Amazon, has made headlines once again with his extravagant purchase of a $68 million mansion for his soon-to-be wife, Lauren Sanchez, in Florida’s exclusive “Billionaire Bunker” enclave. This lavish acquisition comes just a month after their engagement, which was celebrated aboard Bezos’ $500 million yacht sailing around Mallorca, Spain. …
Jeff Bezos is not only known for his immense wealth but also for his substantial real estate holdings. Starting with a modest online bookstore in 1994, Amazon has grown into a multitrillion-dollar company under Bezos’ leadership. Along the way, he has accumulated a vast real estate portfolio worth over $500 million (adjusted for inflation). From …
Inside an unmarked office building in Austin, Texas, a team of Amazon employees is hard at work designing two cutting-edge microchips, Inferentia and Trainium, specifically tailored for training and accelerating generative AI. These custom chips offer a viable alternative to Nvidia GPUs, which have become increasingly difficult and expensive to obtain, giving AWS customers a …
Jeff Bezos, the visionary behind Amazon, is in the process of purchasing a remarkable estate on a private island in Miami referred to as the “Billionaire Bunker.” This exclusive enclave is also home to several notable personalities, including Tom Brady, Ivanka Trump, and Jared Kushner. Bezos, who is 59 years old, is acquiring a stunning …
Amazon workers in New York sorting packages for delivery, July 12, 2022. Michael M. Santiago | Getty Images News | Getty Images Amazon is streamlining its private label brands as part of a larger initiative to control costs, according to confirmation from the company provided to CNBC. In addition to the wide range of products …
An Amazon delivery drone was showcased at Amazon’s BOS27 Robotics Innovation Hub in Westborough, Massachusetts on November 10, 2022. The company has recently experienced a setback in its drone delivery operations with the departure of two key executives. Jim Mullin, the chief pilot of Prime Air, left Amazon last month, while Robert Dreer, responsible for …
The personal net worth of Amazon founder Jeff Bezos skyrocketed by a staggering $12 billion on Friday morning, thanks to a remarkable 11% surge in the company’s stock price during pre-noon trading—the largest single-day jump this year. The Seattle-based e-commerce giant’s stock was trading at approximately $143 per share at 11:30 a.m. Eastern time. This …
Amazon founder Jeff Bezos famously disregarded Wall Street’s focus on profit margins, emphasizing the importance of the customer. However, his successor, Andy Jassy, has been compelled by investors to prioritize profitability. Fortunately, Jassy’s efforts have paid off. On Thursday, Amazon exceeded earnings expectations by posting earnings of 65 cents per share, causing the company’s stock …