Amazon is the latest company to cancel its plans for the Mobile World Congress, which will take place later this month in Barcelona, over coronavirus-related concerns. In a statement emailed to TechCrunch, an Amazon spokesperson said “due to the outbreak and continued concerns about novel coronavirus, Amazon will withdraw from exhibiting and participating in Mobile World Congress…
Jeff Bezos dumped $1.84 billion worth of AMZN shares just as Amazon became a trillion-dollar company. Bezos worked as a portfolio manager in his twenties, which means he is proficient in identifying market cycles. Bezos could be selling more shares in the coming days. The smart money is cashing out right before our eyes and…
Amazon’s stock price zips past $2,000 on Friday, gaining as much as 9.9%. The e-commerce giant reported much better than expected results for its holiday quarter, with sales and earnings crushing estimates. As Amazon shares surged, the technology sector and broader U.S. stock market plunged. Shares of Amazon.com (NASDAQ:AMZN) surged on Friday after the e-commerce…
Just as Amazon was basking in the news of a massive earnings win, the tech giant quietly published — as it always does — its latest transparency report, revealing a slight dip in the number of government demands for user data. It’s a rarely seen decline in the number of demands received by a tech…
Amazon’s order of 100,000 electric delivery vans is the largest ever in the EV market. In a recent tour of India, Jeff Bezos announced 10,000 e-rickshaws. Why has Amazon completely ignored the world’s best-known EV brand – Tesla? Tesla’s (NASDAQ:TSLA) Elon Musk and Amazon’s (NASDAQ: AMZN) Jeff Bezos have always had a rivalry of sorts.…
India welcomed Jeff Bezos this week with an antitrust probe. On top of that, thousands of small merchants who typically compete with one another are gathering in the capital city New Delhi to hold a protest against the alleged predatory practices of the e-commerce giant. But Amazon founder and chief executive’s love for one of…
Amazon has fired a number of employees after they shared customer email address and phone numbers with a third-party “in violation of our policies.” The email to customers sent Friday afternoon, seen by TechCrunch, said an employee was “terminated” for sharing the data, and that the company is supporting law enforcement in their prosecution. Amazon…
Venture capital investment exploded across a number of geographies in 2019 despite the constant threat of an economic downturn. San Francisco, of course, remains the startup epicenter of the world, shutting out all other geographies when it comes to capital invested. Still, other regions continue to grow, raking in more capital this year than ever.…
Amazon is ramping operations for its Kuiper project, its forthcoming high-speed satellite internet product, with a new HQ and R&D facility. From a small satellite constellation operating in low Earth orbit, Kuiper will provide internet connectivity to underserved communities — and in some cases, to people without any access at all. If that tune sounds…
Amazon had an underwhelming Q3 earnings report, which sent the stock tumbling. Nevertheless, Wall Street put Amazon on top of the most loved S&P 500 companies. Jeff Bezos employs a strategy that pays off in the long run for investors. Amazon’s (NASDAQ:AMZN) third-quarter performance was far from stellar. The e-commerce giant reported Q3 earnings per…
