NEWS
July 27, 2012 | by Carolyn Kellogg
Amazon CEO Jeff Bezos and his wife, MacKenzie, have pledged $2.5 million in support of Referendum 74, a Washington state ballot measure that seeks to affirm same-sex marriage with voters. Washington's Legislature passed a same-sex marriage law in February. The Bezoses' gift doubles the funds available to proponents of the same-sex referendum, the N.Y. Times reports . "To get this from a straight, married couple sends a powerful message that marriage is seen as a fundamental question of fairness,” Zach Silk, the campaign manager for Washington United for Marriage , told the paper.
NATIONAL
July 27, 2012 | By Michael Muskal
Amazon founder Jeff Bezos and his wife, MacKenzie, have given $2.5 million to fund efforts in the state of Washington to legalize same-sex marriage, effectively doubling the current electoral war chest of proponents. The gift was announced by Washington United for Marriage, the coalition working to pass Referendum 74 in November. It's believed to be the largest individual gift “to secure or protect the freedom to marry,” the group said in a statement released on its website.
BUSINESS
February 1, 2012 | By Andrea Chang, Los Angeles Times
Despite strong sales of its Kindle devices during the holidays, Amazon.com Inc.'s fourth-quarter earnings missed expectations, sending the online retail giant's shares plunging in after-hours trading Tuesday. Amazon, whose shares rose $2.29, or 1.2%, to $194.44 in regular trading, reported its results after the markets closed. Its shares quickly fell more than 9% to $176.58 in after-hours trading. The Seattle e-commerce company said sales for the three months that ended Dec. 31 rose 35% year over year to $17.4 billion, which fell far short of what Wall Street analysts had expected.
BUSINESS
December 18, 2011 | Barney Jopson
First impressions last. So some people still think of Amazon.com as an online bookseller, the form in which it arrived on consumers' horizons in the late 1990s. But since then Amazon has been acquiring, expanding and diversifying at a dizzying speed. Jeff Bezos, its founder, chief executive and the owner of a wall-shaking laugh, has taken the company into shoes, diapers and flat-screen televisions, as well as cloud computing services and e-readers via its Kindle device. Amazon's non-retail dexterity reached a new level last month when the Seattle-based company unveiled a Kindle-branded tablet computer, the Fire, to rival Apple's iPad.
BUSINESS
October 14, 2010 | By Amy Kaufman, Los Angeles Times Staff Writer
IMDb founder and Chief Executive Col Needham is a confessed movie nerd. Growing up in Manchester, England, his earliest memories were formed in movie theaters -- seeing "Star Wars" when it was released in 1977, he recalled, when the cinema was "so full that people had to sit in the aisles. " So when at age 12 he got his first computer -- a do-it-yourself kit -- he began using the new technology to keep track of the movies he had seen. "I'd be watching movies and would notice all of these connections between films.
BUSINESS
July 20, 2010 | By Shan Li, Los Angeles Times
There's more evidence that digital books are upending the publishing industry. Internet retailer Amazon.com Inc. says it is now selling 80% more downloaded books than hardbacks. Amazon's download format is for its Kindle electronic reader as well as other devices. "The Kindle format has now overtaken the hardcover format," said Jeff Bezos, Amazon's chief executive, in a statement. "Astonishing when considering that we've been selling hardcover books for 15 years and Kindle books for 33 months."