Amazon.com Inc
Here are some hedge funds that foresaw the tech fallout. And some that didn’t
This year’s tech-driven carnage in the stock market is carving out hedge fund winners from losers — showing up in diverging fortunes that haven’t been seen in years. Hedge funds that rode the tech wave up are getting crushed on the way down, especially those that doubled down on 2022’s biggest laggards in the first […]
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Former Disney CEO Bob Iger invests in $15 billion delivery start-up Gopuff
A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff Delivery start-up Gopuff announced Wednesday that it’s bringing on former Disney CEO Bob Iger as an investor and advisor to the $15 billion company. “It’s been exciting to spend time with Gopuff leadership learning about the company, the founders, and their […]
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Amazon accused of discrimination against pregnant and disabled workers in New York
Staff make their way around the aisles collecting items before sending them to the on-site dispatch hall to be packaged inside one of Britain’s largest Amazon warehouses in Dunfermline, Fife. Jane Barlow | PA Images | Getty Images New York Gov. Kathy Hochul on Wednesday announced the Division of Human Rights has filed a complaint […]
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Amazon just announced a new $60 tablet
Amazon Fire 7 tablet Source: Amazon Amazon announced the latest version of its Fire 7 tablet on Wednesday. At $59.99, the tablet is slightly more expensive than its predecessor, but the company is promising longer battery life. Amazon’s Fire tablets have served as a cheaper alternative to Apple’s iPad, but it isn’t a huge business […]
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Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue
Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. […]
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We can become one of the world’s biggest companies, says CEO of Amazon freight rival
Freight is a trillion-dollar industry, and it has not moved with the speed of the 21st century, long reliant on ledgers, email and (even) phone calls to communicate. But there is a new generation of start-ups using technology to tackle the biggest issues in a complex global supply chain, ten of which made the 2022 […]
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Netflix lays off 150 employees as the streaming service contends with big subscriber losses
Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp/bauer-griffin | Gc Images | Getty Images Netflix is laying off around 150 employees across the company, […]
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Elon Musk blasts Joe Biden, says he has failed to get much done
Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. Angela Weiss | AFP | Getty Images Tesla CEO Elon Musk blasted Joe Biden during an interview this week, saying the president is someone who just reads off a teleprompter and that his administration […]
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Microsoft CEO Satya Nadella tells employees that pay increases are on the way
Microsoft CEO Satya Nadella speaks during the Microsoft Annual Shareholders Meeting at the Meydenbauer Center on November 28, 2018 in Bellevue, Washington. Microsoft recently surpassed Apple, Inc. to become the world’s most valuable publicly traded company. Stephen Brashear | Getty Images News | Getty Images Microsoft CEO Satya Nadella told staffers on Monday that the […]
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Rivian’s shares sink after a report a legal battle with a supplier could delay Amazon vans
Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill. Michael Wayland / CNBC Shares of Rivian Automotive sank Monday after a report by the Wall Street Journal that the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon. […]
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