In 2012, American internet entrepreneur, angel investor, author and blogger Jason Calacanis gave a pretty bold prediction about Amazon Prime — then in its seventh year of existence. “There are two types of people in the world: those with Amazon Prime and those without,” Calacanis wrote. “How...
Amazon Prime has reached a milestone number of subscribers: CEO Jeff Bezos says the service now has more than 100 million members. The announcement came in Amazon’s annual shareholder letter, which was published on Wednesday (April 18), Bloomberg reported. Traditionally, Amazon does not release its Prime...
Whole Foods Market has informed customers that it is shutting down its rewards program, which will most likely be folded into the Amazon Prime program. According to Market Watch, the national grocer sent an email to members stating that the loyalty program will end, and...
Russia is making good on its threat to ban Telegram by blocking IP addresses owned by Google and Amazon, saying they were being used by the messaging service. On Monday (April 16), a Russian court made it easier for the government to block Telegram after...
Amazon has been awarded a patent for a streaming data marketplace offering real-time cryptocurrency transaction data. The patent, which was granted to Amazon Technologies on Tuesday (April 17), is for a marketplace where individuals and organizations can put streaming data feeds up for sale, and...
Amazon announced news on Tuesday (April 17) that it launched an “International Shopping” experience within the Amazon Shopping App, enabling customers in global markets to browse and shop for more than 45 million products that can be shipped from the U.S. In a press release,...
Amazon has a new feather in its cap: For the first time ever, the company has topped Dealerscope’s Top 101 Consumer Electronics Retailers, surpassing Best Buy for the title. In a report, Dealerscope said that while Best Buy has been able to hold a “slight”...
Amazon Business, the Amazon unit that sells bulk products to businesses, had mulled selling pharmaceutical products but decided against it. CNBC, citing people familiar with the matter, reported that Amazon found the pharmaceutical market more challenging than anticipated. As a result, the eCommerce giant is...
Former Treasury Secretary Larry Summers has some harsh words for President Donald Trump, who has recently been on the attack against Amazon. “Going on jihads with the power of the federal government against companies whose CEOs’ private activity he doesn’t find congenial — that’s not...
