Amazon.com Inc

Etsy sellers eye forming a union after going on strike
Technology

Etsy sellers eye forming a union after going on strike

Illustrator Alex Kittle is putting her Etsy shop on “vacation mode” as part of a weeklong strike which has garnered the support of thousands of sellers. Alex Kittle In late February, Kristi Cassidy logged onto Reddit and made a call to action to people who sell their goods on Etsy.  A day earlier, Etsy had […]

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How OpenSea cornered the  billion market for NFTs
Technology

How OpenSea cornered the $17 billion market for NFTs

NFTs have been taking over the art world. And at the center of the $17 billion NFT market is a company called OpenSea. OpenSea is the Amazon of NFTs, or non-fungible tokens. It’s an online marketplace that allows people to easily create, sell and buy NFTs. It’s one of the largest NFT trading platforms with […]

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Elon Musk’s Twitter bid faces major skepticism on Wall Street
Technology

Elon Musk’s Twitter bid faces major skepticism on Wall Street

SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images It’s not often that a company receives a takeover bid that amounts to an 18% stock premium only to see its shares fall on the […]

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Biden pollster GSG is ‘deeply sorry’ for Amazon anti-union work as labor groups abandon it
Technology

Biden pollster GSG is ‘deeply sorry’ for Amazon anti-union work as labor groups abandon it

Amazon workers arrive with paperwork to unionize at the NLRB office in Brooklyn, New York, October 25, 2021. Brendan Mcdermid | Reuters Top labor groups and political action committees are distancing themselves from a major Democratic pollster after it was revealed that the firm worked on Amazon’s anti-labor efforts at a warehouse on New York’s […]

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Amazon CEO Andy Jassy says costs from pandemic, inflation and war are too high for company to absorb
Technology

Amazon CEO Andy Jassy says costs from pandemic, inflation and war are too high for company to absorb

Andy Jassy, CEO of Amazon Web Services, speaks at the 2019 CERAWeek by IHS Markit conference in Houston, Texas, on March 11, 2019. Aaron M. Sprecher | Bloomberg | Getty Images Amazon CEO Andy Jassy said the company needed to add a fuel and inflation surcharge to deal with rising costs tied to inflation, the […]

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5 things to know before the stock market opens Thursday
Business

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are little changed on final trading day of the week A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters U.S. stock […]

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Andy Jassy says he doesn’t own bitcoin, says Amazon could one day sell NFTs
Technology

Andy Jassy says he doesn’t own bitcoin, says Amazon could one day sell NFTs

Amazon CEO Andy Jassy told CNBC on Thursday he doesn’t own any bitcoin, but that he’s optimistic about the future of cryptocurrencies and nonfungible tokens. “I don’t have bitcoin myself,” Jassy told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “You know, I expect that NFTs will continue to grow very significantly.” “We’re not […]

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Amazon CEO Jassy just released his first annual shareholder letter since taking over from Bezos
Technology

Amazon CEO Jassy just released his first annual shareholder letter since taking over from Bezos

Amazon CEO Andy Jassy on Thursday published his first annual shareholder letter since taking over the helm from founder Jeff Bezos last year. Jassy wrote about the enormous growth Amazon experienced during the coronavirus pandemic, particularly in its core retail business, as people cut their trips to the store and relied on the e-commerce giant […]

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How companies like Amazon, Nike and FedEx avoid paying federal taxes
Business

How companies like Amazon, Nike and FedEx avoid paying federal taxes

The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. The […]

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Long-term investor explains why he likes Amazon but is ‘not crazy’ about Alibaba
World

Long-term investor explains why he likes Amazon but is ‘not crazy’ about Alibaba

Portfolio manager Sid Choraria says he likes Alibaba, but that the upside is now less attractive than it used to be. Amazon is “definitely a stock to own.” Source

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