August 5, 2013 |
In a surprise move, Amazon founder and Chief Executive Jeff Bezos has agreed to buy the Washington Post and other properties for $250 million. The deal is being made by Bezos alone, without involvement from Seattle-based Amazon. Donald Graham, chairman and CEO of Washington Post Co., said the board of directors decided to sell the company's newspaper publishing business "only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post.
March 20, 2013 |
Jeff Bezos: founder and CEO of Amazon.com, and now, bona fide ocean explorer. A year after vowing to send a team into the ocean to find F-1 engines from the historic Apollo 11 moon launch, Bezos announced Wednesday that the team had recovered F-1 engine parts. Because many original serial numbers are missing or partially missing, it was unclear if they actually came from the Apollo 11 mission. Calling it an “incredible adventure,” the billionaire said the team had just finished three weeks at sea, working nearly three miles below the surface of the Atlantic Ocean.
July 27, 2012 |
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.
December 4, 2000 |
Heading into its sixth holiday season, Amazon.com has found itself facing some of the greatest challenges of its short but illustrious life. The company always has been a poster child of Internet commerce--and it still is. But along with all the usual accolades this year has come an unfamiliar din of complaints. Analysts and investors have yelped over the company's continuing losses--expected to total about $700 million for the year.
December 24, 1999 |
Jeff Bezos, who helped create the electronic-commerce revolution by founding Amazon.com Inc., wants to make one thing clear: Sales on the World Wide Web will never approach sales in the whole wide world. In the long run, Internet sellers may capture 15% of the world's $5-trillion retail market, the chief executive of the Net's leading vendor said in an interview with Times reporters and editors on Thursday.
March 21, 2008 |
Amazon.com Inc. in Seattle apologized to buyers who had to wait as long as six weeks to receive the Kindle electronic reading device. Amazon.com sold out of Kindle devices in 5 1/2 hours after they went on sale in November and has been trying to increase manufacturing capacity, Chief Executive Jeff Bezos said.
February 27, 2002 |
Amazon.com Inc. founder and Chief Executive Jeff Bezos sold 2.95 million shares in the Internet retailer, under a program of selling the stock at fixed intervals. The shares were worth $38.6 million at Friday's closing price. Including the most recent sales, Bezos has sold less than 5% of his holdings in the company. Bezos last year adopted a plan that commits him to selling company stock at fixed intervals. Amazon stock rose 67 cents to $14.40 on Nasdaq.
June 25, 2008 |
How tweet it is. Twitter, the microblogging service that is changing how people communicate, has closed its long-rumored funding round. Spark Capital and Amazon.com Inc. founder Jeff Bezos led the round, the San Francisco company's third, with existing investors Union Square Ventures and Digital Garage participating. Spark Capital's Bijan Sabet, an active Tweeter, joins the board. Twitter, whose motto is "What are you doing?," is not divulging financial details, but word is that it landed $15 million for a valuation of slightly less than $100 million.
March 12, 2005 |
Amazon.com Inc., the largest Internet retailer, agreed to pay $27.5 million to settle a shareholder lawsuit that alleges the company misled investors about its finances. The suit accused the company, Chairman Jeff Bezos and two former executives of making false and misleading statements during a three-year span that ended in October 2001, Seattle-based Amazon.com said in a filing with the Securities and Exchange Commission.
March 7, 2001 |
Amazon.com Inc. shares sank 6%, reversing earlier gains, after a report poured cold water on investor optimism that the online superstore could join forces with retail powerhouse Wal-Mart Stores Inc., analysts said. Amazon shares rose in early Nasdaq trading amid a rally in tech stocks, but ended the day off 75 cents at $11.88 after a report in the online edition of the Wall Street Journal said a tie-up between Amazon and Wal-Mart was not expected soon.