The wheels of a tall, metal cart squeak as Chris Beatty, 26, pulls it through a maze of aisles inside a cosmetics warehouse in Burlington, N.J.
Amazon has found its way into just about every part of people’s shopping lives. Once a fledgling online bookstore, the tech giant has changed retail as we know it. It has disrupted the selling of gadgets, household goods, and now even high-end groceries, having snapped up Whole Foods for $13.7 billion.
Who’s creating Alexa skills? Indie developers and marketing companies looking to profit from voice-controlled computing. Some cash in, and some don’t.
Jeff Bezos is now the richest person of all time. That should put an Amazon smile on his face.
Jeff Bezos had a lot to be grateful for this Thanksgiving weekend. After record-breaking weekend sales, Amazon’s stock price hit an all-time high of $1,213.41 a share on Monday. That pushed Bezos’ net worth to over $100 billion, which is up 35% from the same period last year, according to Bloomberg. Continue reading… “Thanks to Thanksgiving shoppers, Jeff Bezos is now the world’s only living $100-billion man”
If you want to understand the threat that Silicon Valley poses to culture at large, consider Apple’s $5 billion headquarters. The Cupertino, California, building may seem like paradise to some, with striking architecture—a donut-shaped building featuring the world’s largest piece of curved glass—and lavish details like iPhone-inspired elevator buttons and patented pizza boxes that prevent soggy crusts. Writing for Wired, Stephen Levy quotes one of the architects of the project: “The idea that a beautiful object descended on this verdant, luxurious landscape and that it will be inhabited by 12,000 people: That is a true utopian vision.” (Never mind the lack of onsite childcare in this revolutionary building.)
Unverified rumors that Amazon (AMZN) will start accepting Bitcoin (COIN) (OTCQX:GBTC) have been shaking cryptocurrency communities lately. Though these rumors might prove to be untrue in the end, facts are that there seems to exist lots of demand for this new way of payment. There even was an online petition to convince Jeff Bezos to adopt Bitcoin as an accepted way of payment at Amazon.
The retail giant is taking a characteristically algorithmic approach to fashion.
Jeff Bezos tweeted in June that he wanted short-term, high-impact ways to do social good.
An artificial intelligence platform put 46,000 suggestions to a vote, using a method inspired by how bees swarm.
Universal access to clean drinking water was the winner.
Amazon’s Alexa is gaining knowledge at a rapid clip.
For years, Whole Foods CEO John Mackey was convinced that grocery stores and e-commerce didn’t mix. And I was more surprised than most when the news broke last week that he’s selling Whole Foods to Amazon for $13.7 billion.
Amazon’s stock price has been on a tear over the last year, gaining 46%.
A Barclays equity research team led by Ross Sandler thinks that the party may just be getting started, initiating coverage of the stock with $1120 price target, or 29% upside.
In a flurry of notes released from their Internet & Media desk on March 29, Barclays picked Amazon as one of their favorites in the sector and made the case for the stock’s market cap to reach one trillion dollars.