NEW DELHI: Jeff BezosNet worth has surpassed its previous high, even after it gave up a quarter of its stake in Amazon as part of a divorce settlement last year. Shares of the Seattle-based retailer rose 4% to a record $ 2,879 on Wednesday, raising the founder’s world leading fortune …
Read More »Amazon AWS establishes space unit for aerospace and satellite solutions
The Amazon Web Services (AWS) logo is seen during the 4th annual Latin American Business and Technology Congress of América Digital in Santiago de Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud computing arm of the e-commerce giant, is further expanding its services in the …
Read More »Tesla CEO Elon Musk calls Jeff Bezos a copycat
Tesla CEO Elon Musk called Amazon Founder and CEO Jeff Bezos a copycat after the e-commerce giant announced the purchase of autonomous car company Zoox for more than $ 1 billion. “@JeffBezos is a copy[cat] haha, “Musk tweeted on Friday night with a link to an article about buying Bezos …
Read More »When the coronavirus fears derailing the return to the market, 10 billionaires, including Bezos and China’s new richest person, made $ 23 billion in a week
THE CHANGING FORTUNE OF THE RICHEST IN THE WORLD TEven as growing fears about the coronavirus halted the stock market this week, some of the world’s richest people still got much richer. In the week spanning Thursday, June 18 through Thursday, June 25, as the S&P 500 remained virtually flat, …
Read More »Amazon spends $ 1 billion on Zoox, will have to invest billions more
Blue Origin and Amazon founder Jeff Bezos. Mandel Ngan | AFP | fake pictures Amazon is spending more than $ 1 billion on driverless car company Zoox, one of its most expensive acquisitions. But CEO Jeff Bezos will have to invest many multiples to bring nascent technology to market. The …
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