amazon.com

  1. Hanno Labuschagne

    Bezos retakes world's richest crown from Musk

    Bezos retakes world's richest crown from Musk For the first time in more than nine months, Elon Musk is no longer the world’s richest person. Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. [Bloomberg]
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    Jeff Bezos sells R38.07 billion in Amazon stock

    Jeff Bezos sells R38.07 billion in Amazon stock Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The sales took place on Wednesday and Thursday and netted just over $2 billion (R38.07 billion), according...
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    Amazon.com adds Rufus AI assistant for online shopping

    Amazon.com adds Rufus AI assistant for online shopping Amazon.com Inc. is adding an artificial intelligence shopping companion to its retail store in an effort to help shoppers comparison shop and seek answers to queries more complicated than a keyword search. Called Rufus, the shopping...
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    Amazon slashes clothing sellers fees in apparent bid to take on Shein's low-cost dominance

    Amazon slashes clothing sellers fees in apparent bid to take on Shein's low-cost dominance Amazon.com Inc. is sharply cutting fees for merchants selling clothing priced below $20, a sign it’s hunkering down for a price war with Chinese fast-fashion upstart Shein. On Tuesday, Amazon announced...
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    Amazon sued by FTC for “monopolising” online marketplace services and seller overchargers

    Amazon sued by FTC for “monopolising” online marketplace services and seller overchargers The US Federal Trade Commission sued Amazon.com Inc. in a long-anticipated antitrust case, accusing the e-commerce giant of monopolising online marketplace services by degrading quality for shoppers and...
  6. Hanno Labuschagne

    Amazon pouring up to R75.3 billion into Anthropic

    Amazon pouring up to R75.3 billion into Anthropic Amazon.com Inc. will invest as much as $4 billion (R75.29 billion) in Anthropic, bagging a crucial partner in its effort to become a major player in generative artificial intelligence and offering a vote of confidence in the hot startup. As...
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    Amazon veteran Dave Limp appointed as Blue Origin CEO

    Amazon veteran Dave Limp appointed as Blue Origin CEO Blue Origin LLC, the closely held spaceflight company founded by Jeff Bezos, is replacing its chief executive officer with veteran Amazon.com Inc. executive Dave Limp. Current CEO Bob Smith is stepping down and will be succeeded by Limp...
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    Amazon showcases upgraded Alexa and rolls out new products

    Amazon showcases upgraded Alexa and rolls out new products Amazon.com Inc. made a pitch to keep Alexa relevant in the age of generative artificial intelligence, promising a set of features that will make the software more conversational. During an event Wednesday at the company’s campus in...
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    Amazon let employees enter into illegal secrecy agreements — US labour board

    Amazon let employees enter into illegal secrecy agreements — US labour board US Labour Board prosecutors accused Amazon.com Inc. of imposing illegal secrecy rules on its staff, which could ultimately force the company to change its confidentiality rules. In a Monday complaint, the National...
  10. Hanno Labuschagne

    TikTok's online shop is peddling counterfeit goods

    TikTok's online shop is peddling counterfeit goods TikTok’s Shop marketplace, the video app’s biggest bet for new revenue growth, has gone live for some users in the US. So far, it’s a showcase for cheap goods from China. The social media app’s Shop option, prominently displayed between the...
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    Big antitrust lawsuit coming Amazon's way

    Big antitrust lawsuit coming Amazon's way The Federal Trade Commission is likely to sue Amazon.com Inc. later this month, capping a four-year antitrust investigation into the company, people familiar with the matter said Tuesday. The antitrust suit is expected to target the online retail...
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    Amazon adds three execs to S-team

    Amazon adds three execs to "S-team" Amazon.com Inc. has added three executives to chief executive officer Andy Jassy’s senior leadership team, two from the cloud-computing unit and one who leads the company’s robotaxi subsidiary. Dave Brown, Aicha Evans, and Swami Sivasubramanian are joining...
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    Bezos buys a new R1.3-billion mansion in Florida

    Bezos buys a new R1.3-billion mansion in Florida Jeff Bezos is adding a waterfront mansion in Florida to his rapidly expanding real estate empire. The Amazon.com Inc. founder, and the world’s third-richest person, agreed to pay $68 million (R1.28 billion) for an estate in Indian Creek, a...
  14. Hanno Labuschagne

    Amazon expanding robots to massive new warehouse in Australia

    Amazon expanding robots to massive new warehouse in Australia Amazon.com Inc.’s Australian branch is set to move into the country’s biggest warehouse, where a fleet of robots will help operate a facility the size of about 29 soccer pitches. The 209,000 square metre four-level fulfilment centre...
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    Amazon remote workers forced to relocate for return to office

    Amazon remote workers forced to relocate for return to office Amazon.com Inc. will require some corporate employees to relocate as part of a mandate requiring workers to be in the office three days a week, according to people familiar with the matter, the latest source of strain between the...
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    Rivian's Amazon delivery van fleet expanding to Germany

    Rivian's Amazon delivery van fleet expanding to Germany Rivian Automotive Inc. will expand deliveries of a battery-electric van it makes for Amazon.Com Inc. to Europe. It will be the EV maker’s first commercial shipments outside the US. The company will roll out more than 300 plug-in delivery...
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    Amazon sued by FTC for "manipulating" customers into signing up for Prime

    Amazon sued by FTC for "manipulating" customers into signing up for Prime The US Federal Trade Commission sued Amazon.com Inc. Wednesday, alleging the e-commerce giant duped consumers into signing up for its Prime membership service and deliberately made it hard to cancel. The consumer...
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    TikTok wants a slice of Amazon's online shopping pie

    TikTok wants a slice of Amazon's online shopping pie ByteDance Ltd.’s TikTok aims to more than quadruple the size of its global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia, according to people familiar with the matter...
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    Amazon settles with FTC over Ring privacy violations

    Amazon settles with FTC over Ring privacy violations Amazon.com Inc. agreed to pay $30.8 million (R608.7 million) to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices. In one case, the FTC alleged that Amazon didn’t take steps...
  20. Hanno Labuschagne

    Nvidia briefly joins trillion-dollar club

    Nvidia briefly joins trillion-dollar club Nvidia Corp.’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies. The stock rose as much as 7.7% early in the...
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