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Jeff Bezos

BUSINESS
June 25, 2008 | Jessica Guynn
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.
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BUSINESS
March 12, 2005 | From Bloomberg News
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.
BUSINESS
March 7, 2001 | Reuters
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.
OPINION
December 4, 2013
Re "Amazon hopes idea will fly," Business, Dec. 3 Amazon Chief Executive Jeff Bezos has built an impressive empire with innovative delivery systems. However, I am disturbed by his latest proposal to use a spider-like robot that would fly through the sky to deliver goods. As city-dwellers, we have few opportunities to contemplate the beauty of nature in our everyday lives. How unfortunate it would be to populate the skies with robots feeding our insatiable need for the instant gratification of having more goods now. May our beautiful skies be left for the birds.
BUSINESS
November 9, 2008 | TIMES WIRE SERVICES
One of the worst things about getting a new gadget or toy is trying to free it from the hard plastic casing. To reduce those battles, Amazon.com Inc. said it was working with manufacturers to make the products it sells easier to open and more environmentally friendly. Initially, the online retailer is altering the packaging in the U.S. for 19 top-selling products from manufacturers including Mattel Inc., Microsoft Corp. and flash memory card maker Transcend Information Inc. The online retailer said that it is looking at eliminating plastic "clamshell" cases and plastic-covered wire ties that hold items in place.
BUSINESS
December 2, 2013 | By Andrea Chang
Delivery drones are on their way. Amazon.com on Sunday introduced Prime Air , a futuristic delivery system that the company says will get packages into customers' hands in half an hour or less, delivered via unmanned aerial vehicles. The online retail behemoth posted a video on its website that shows images of a recent Prime Air test flight. In the 80-second clip, which you can watch below, a shopper buys an item on Amazon. The item is then placed into a plastic yellow Amazon container and picked up at the end of a conveyor belt by an Amazon drone, which takes off and soars over a grassy field before depositing the package with a thud outside the shopper's doorstep.
BUSINESS
June 26, 1999 | Bloomberg News
Amazon.com Inc. said it named Joseph Galli as its first president and chief operating officer after Galli decided against joining PepsiCo Inc. Galli, 41, previously was president of Black & Decker Corp.'s global power tools and accessories unit, where he built up its successful DeWalt tool line, until he resigned in April. Amazon.com is expanding its management team as it spends millions of dollars to develop new products and advertise its brand.
BUSINESS
October 12, 2012 | By Salvador Rodriguez
Amazon Chief Executive Jeff Bezos confirmed that the online retail giant makes no profit on its new Kindle tablet and e-readers. Bezos told the BBC that Amazon sells the new Kindle Fire HD tablets as well as the Kindle Paperwhite e-reader at the company's cost. This is because Amazon is relying on the sales of digital content to make money. Bezos said that once users have e-readers or tablets, they purchase more digital content than they did before. "We want to make money when people use our devices, not when people buy our devices," Bezos said.
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