-
Amazon.com Inc said on Friday it had ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer’s plans to run a carbon neutral business by 2040. A majority of the electric vehicles from Daimler AG’s car and vans division will go into service this year, the company said, …
-
Jeff Bezos is giving a whole new meaning to the title of world’s richest man. The Amazon CEO’s net worth soared to a record $200 billion on Wednesday when shares of his online shopping behemoth hit $3.403.64 on surging demand for contactless shopping. The stock recently traded at $3,406.84, up 1.8 percent, or $60.35 a …
-
Elon Musk on Tuesday became the fourth-richest man on earth after a surge in Tesla shares helped him leapfrog French luxury titan Bernard Arnault. The eccentric tech tycoon — who added $7.8 billion to his net worth on Monday, thanks to a more than 9-percent jump in Tesla’s stock — is now worth $84.8 billion, …
-
Four of the world’s most powerful tech CEOs — Apple’s Tim Cook, Google’s Sundar Pichai, Facebook’s Mark Zuckerberg, and Amazon’s Jeff Bezos — came to Capitol Hill, via a live video feed in a highly publicized congressional hearing, to ostensibly defend their respective companies from claims that they are too big and should be broken …
-
Jeff Bezos is cashing in on the coronavirus. The 56-year-old Amazon CEO on Wednesday sold $3.1 billion worth of stock in the e-commerce juggernaut, bringing his total stock sales for the year over $7 billion. The world’s richest man sold exactly 1 million shares of Amazon Wednesday — a week after the company shattered expectations …
-
A day after their leaders faced five hours of interrogation in Congress over allegations their power and influence is out of control, four of the biggest American tech companies saw their combined market value swell by $250 billion thanks to earnings that shocked even Wall Street. Shares of Amazon.com Inc., Facebook Inc., Apple Inc. and …
-
Amazon reported blowout sales and profits on Thursday as coronavirus lockdowns had shoppers turning to their phones to buy everything from diapers to groceries. The Seattle-based e-tailing giant — whose billionaire boss Jeff Bezos was just grilled on Capitol Hill Wednesday by top lawmakers probing the company’s competitive practices — shattered Wall Street’s expectations for …
-
Amazon CEO Jeff Bezos told a congressional antitrust hearing on Wednesday that he was unsure if his company had used the data of third-party sellers to inform Amazon’s business decisions, in violation of its own policies. Bezos made the admission during questioning by Representative Pramila Jayapal (D., Wash.), whose district in Seattle is home to …
-
Big Tech will be under the spotlight once again on Wednesday, as the CEOs of the largest companies in the industry will face a grilling before Congress. Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Google parent company Alphabet CEO Sundar Pichai and Apple chief Tim Cook are scheduled to testify before the House Judiciary Committee’s antitrust …
-
Amazon CEO Jeff Bezos will admit that his company should be scrutinized when he testifies before the House Judiciary Committee’s antitrust panel on Wednesday. But the tech mogul is also expected to defend the e-commerce giant to lawmakers, who are probing how the business practices and data gathering of Amazon, Facebook, Google and Apple have …
Amazon.com Inc said on Friday it had ordered 1,800 electric vans from Mercedes-Benz for its European delivery fleet, as part of the online retailer’s plans to run a carbon neutral business by 2040. A majority of the electric vehicles from Daimler AG’s car and vans division will go into service this year, the company said, …
