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...
Amazon is expanding in the Israeli market, reportedly inviting select retailers to sell their products locally through its website. According to a report in Reuters, citing a source close to Amazon, in an email Amazon invited merchants in Israel to join a local delivery program....
Amazon is delivering another potential blow to other companies that do logistics. The eCommerce operator has launched its digital freight brokerage platform, freight.amazon.com, where it invites other firms to “tap into the scale of Amazon we extend our carrier network to give best-in-class service at...
Amazon has announced that it’s looking to fill jobs for its new headquarters in Arlington, Va., and to help build up the community, according to a blog post. The company said it wants to create 400 jobs this year and about 25,000 in the next...
Amazon Pay announced Monday (April 29) the launch of person-to-person payments for Android users located in India. In a press release, Amazon India said customers can now make instant bank-to-bank transfers using the Amazon Pay app. The eCommerce giant said the service can be used...
