Amazon has announced it’s going to have a drone delivery service within months, according to a report by Reuters. The announcement was made by CEO of Worldwide Consumer Jeff Wilke on Wednesday (June 5) at the company’s “re:MARS” conference in Las Vegas. The drone will...
Patrick Gauthier, vice president of Amazon Pay, said voice payment through digital assistants will transform the payments industry in the same way mobile phones did, according to a report by CNBC. He said the technology is a “new era in commerce. It is akin to...
Amazon, the Seattle, Washington eCommerce giant, is expanding in the U.K., planning to launch pop-up stores to give small businesses the chance to sell on High Street. In a press release, Amazon said it teamed up with Enterprise Nation, which supports more than 90,000 U.K....
Amazon could be on tap to receive more antitrust scrutiny under an agreement by regulators in the U.S. According to a report in The Washington Post citing people familiar with the matter, under the agreement the Federal Trade Commission more closely regulates the eCommerce giant....
Call it the great purge of 2019? Amazon is reportedly in the midst of reshaping relationships with several of its longtime vendors, according to Bloomberg. The lasting effect will be that bulk orders “dry up” for many suppliers, most of them classified as smaller firms....
Home sales in Arlington, VA have increased 17.3 percent since Amazon‘s announcement that the city would be the home of its second headquarters (HQ2). In addition, there has been a larger drop in Arlington’s home inventory, which indicates that the supply cannot meet the demand....
At a recent all-hands meeting for Amazon employees in March, Amazon CEO Jeff Bezos said developments in autonomous automobile technology fascinated him, according to a report by CNBC. This was one of the reasons, he said, Amazon led a funding round in electric vehicle startup...
Warren Buffett’s Berkshire Hathaway revealed in a regulatory filing that it owned $860.6 million of Amazon shares at the end of March. The filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler. While it doesn’t reveal who bought and sold...
Amazon is enticing its own employees to start package delivery businesses, announcing Monday (May 13) a new incentive that will provide them with up to $10,000 for startup costs. In a press release, the eCommerce giant said the new incentive, which is part of its...
