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.
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.
November 9, 2008 |
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.
March 9, 2013 |
AUSTIN -- Elon Musk says if mankind doesn't make it to Mars by the time he dies, it'll be the biggest disappointment of his life. Speaking to a packed crowd of several thousand attendees at South by Southwest on Saturday, the founder of Tesla and SpaceX said he might even consider making the journey himself. "I'd like to die on Mars, just not on impact," he said. For now, he's been focusing his attention on something a bit closer to home. Musk revealed to the crowd that SpaceX is one step closer to developing a reusable rocket, saying the company recently launched a 10-story rocket that burst into the sky, rose 262.8 feet, hovered and landed safely on the pad 34 seconds later using thrust vector and throttle control.
November 19, 2013 |
Amazon announced a free software update for Kindle Paperwhite that will add several new features to the e-reader. Amazon said the update would be delivered over the air automatically in the coming weeks, or via download from its website. The update includes integration with Goodreads, the books-recommendation website that Amazon purchased this year. Features of the new Goodreads integration include the ability to see what your friends are reading, read their reviews and discover new books to read; share favorite passages with your Goodreads friends without leaving the book; and, when you finish a book, immediately rate it from your Kindle.
October 12, 2012 |
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.
December 2, 2013 |
Although Amazon.com largely abandoned the battlefield in its long war against state sales taxes last year, the Supreme Court on Monday delivered the final articles of surrender. The court turned down the big retailer's appeal of a New York court ruling upholding a law requiring Amazon to collect sales taxes from customers there. It's about time. You can tell that Amazon knew defeat was coming from the fact that it already was collecting taxes from buyers in New York, pending a final ruling.