Articles about jeff bezos

Amazon CEO Jeff Bezos

Sub-Prime: Amazon's big day marred by server crashes, staff strikes

Amazon's 36-hour "Prime Day" marketing jamboree has kicked off with more than a few hiccups. Almost as soon as it started, Amazon customers eager to indulge in an orgy of consumption found their purchasing plans paralyzed – because Amazon's servers refused to accept payment details. Wannabe buyers grew increasingly frustrated …
Iain Thomson, 16 Jul 2018
Amazon CEO Jeff Bezos

I've got way too much cash, thinks Jeff Bezos. Hmmm, pay more tax? Pay staff more? Nah, let's just go into space

Comment Poor, poor Jeff Bezos. The Amazon chief executive has complained he has so much money, the only thing he can think to blow it on is his Blue Origin space tourism project. Bezos was in Germany last month to pick up the Axel Springer Award for being such an innovative person, and gave an extensive interview to the German …
Iain Thomson, 3 May 2018
New Shepard Launch (pic: Blue Origin)

Mannequin Skywalker takes high ground on Bezos-backed rocket

Jeff Bezos-founded spaceflight firm Blue Origin set a company record yesterday by sending its capsule on a sub-orbital trajectory with an apogee of 351,000 feet (107km) before landing both booster and capsule safely in West Texas. It was the company's eighth flight using the third version of the New Shepard booster – a single- …
Richard Speed, 30 Apr 2018
An audiophile leaning back on a couch listening to music

Amazon warns you have 30 days before Music Storage files bloodbath

Amazon says subscribers to its moribund Music Storage Service have 30 days to claim any song files they have stored on the service or lose them forever. The Bezos Bunch says that, on April 29, new subscriptions to Music Storage will be cut off and current subscriptions will be allowed to run out. When that happens, those who …
Shaun Nichols, 30 Mar 2018
Burning money, photo via Shutterstock

Eggheads: Cities, don't woo rich Amazon with sweetheart HQ deals

A handful of university professors are calling on the mayors of US cities to let common sense prevail and refrain from offering Amazon tax cuts and other incentives for its new campus. The change.org petition, crafted by University of Toronto professor Richard Florida and signed by professors from Harvard, MIT, and UC Berkeley …
Shaun Nichols, 30 Jan 2018
Amazon Web Services

Billionaire bros Bezos, Buffett become bonkers bio brokers: Swap W in AWS for H for healthcare

Stocks in US health companies are down sharply after Jeff Bezos and Warren Buffett announced they want to get into the healthcare business. Frankly, we don't know who to root for in this one. The Amazon boss said he would be teaming up with Berkshire Hathaway and JPMorgan Chase and Co to start an company focused on lowering …
Shaun Nichols, 30 Jan 2018
Blue Origin rocket launch

Jeff Bezos sells one million Amazon shares, makes one billion dollars

Amazon.com founder, CEO and president Jeff Bezos has sold a million shares in his own company and reaped over a billion dollars from the transaction. As this filing with the United States Securities and Exchange Commission shows, Bezos last week offloaded 30 parcels of shares, and a million shares in total. Buyers paid …
Blue Origin's BE-4 rocket engine

Jeff Bezos fires off a blue dart, singes Elon Musk and SpaceX

Amazon supremo Jeff Bezos' rocket company Blue Origin has successfully tested its main engine for the first time. The BE-4 engine is, as the name suggests, Blue Origin's fourth generation rocket. B-1 was a wee thing that boasted 2,200 pounds of thrust. B-2 hit 31,000 pounds and B-3 reached 110,000. The BE-4 cranks things up …
Simon Sharwood, 23 Oct 2017
Photo by James Duncan Davidson

Bezos' bonkers bank of bucks beats big Bill's brilliant billionaire bundle

Updated Amazon founder and Washington Post owner Jeff Bezos rode a surge in his web giant's stock price to overtake Microsoft cofounder Bill Gates as the richest person in the world. During the rally in Amazon's stock price late Wednesday, Bezos saw his personal paper fortune reach $92.3bn, according to Bloomberg, surpassing the $90. …
Shaun Nichols, 27 Jul 2017
BSOD in Walmart

Walmart tells developers to stay away from AWS

Retail giant Walmart says it doesn't want its developer partners using Amazon Web Services to host their cloud apps. Following reports that it was asking technology partners who develop for or sell products at its stores not to patronize the Amazon-owned cloud service, Walmart issued a statement explaining its stance. "Our …
Shaun Nichols, 21 Jun 2017

Ego stroking, effusive praise and promise of billions: White House tech meeting in full

Monday afternoon saw the first meeting of the "American Technology Council" at the White House, during which most of the country's top tech CEOs gathered around to talk about what could be done to modernize the US government's abysmal IT systems. Much of the coverage has focused on the personality of president Donald Trump and …
Kieren McCarthy, 20 Jun 2017
Blue Origin rocket launch

Amid all the fanfare and cheerleading, Amazon's AWS growth is slowing

Amazon Web Services growth slowed down a bit, but still brought Amazon cash at a record clip in the first three months of 2017. On Thursday, the Jeff-Bezos-led retail and cloud empire talked up another strong quarterly performance in its first financial report of the 2017 fiscal year: Revenues of $35.7bn were up 23 per cent …
Shaun Nichols, 28 Apr 2017
Handing over dollars picture via Shutterstock

Thank Souq for that! Jeff Bezos now world's second richest

Amazon chief Jeff Bezos has surpassed clothing tycoon Amancio Ortega and Berkshire Hathaway chairman Warren Buffett to become the world's second-richest person. That is richest in terms of net worth, as each of Bezos' shares in Amazon rose $18.32 yesterday, netting him $1.5bn after his company announced its plans to acquire …
Trump meeting with tech leaders

Tech titans tentatively trot toward Trump Tower to talk turkey today

US president-elect Donald Trump today meets Silicon Valley's tech leaders face to face for a frank chat about what to expect under his administration. Among the big names getting down on one knee and kissing the ring, er, we mean, attending the summit are: Apple boss Tim Cook, Tesla kingpin Elon Musk, Amazon founder and …
Shaun Nichols, 14 Dec 2016

Surprise, surprise: AWS is making boatloads of money for Amazon

Amazon Web Services continue to contribute handsomely to the bottom line of its parent company, as the cloud compute outfit saw sales top $3.2bn. The AWS numbers helped to counter an otherwise disappointing quarter for the online retail giant. For Q3 2016, AWS logged: Revenues of $3.23bn were up 55 per cent from $2.09bn in …
Shaun Nichols, 28 Oct 2016

Jeff Bezos' thrusting cylinder makes Elon Musk's look minuscule

Amazon CEO Jeff Bezos' space company Blue Origin has revealed designs for its first orbit-and-beyond-capable boosters. The “New Glenn” rocket is named in honour of first United States astronaut to orbit the Earth, John Glenn. The 82m-tall, two-stage craft will pack 3.85 million pounds of thrust. If it lifted today, that would …
Simon Sharwood, 13 Sep 2016

Bezos bags bonkers bucks as almighty AWS astounds again

Amazon Web Services (AWS) is on a roll after closing a financial quarter in which its operating income more than doubled. Amazon as a whole posted a solid quarter, with net sales of $30.4bn, up from $23.1bn, and net income of $857m, up from $92m. Much of that was due to the success of the cloud computing business. For the Q2 …
Shaun Nichols, 29 Jul 2016
Blue Origin rocket launch

Bezos' Blue Origin's first live Webcast a no-explosion yawnfest

In spite of the SpaceX hard landing last week, successful booster landings are becoming almost routine, but if you haven't already watched Blue Origin's successful test over the weekend, it's at the bottom of this story. Jeff Bezos' outfit also dropped its crew capsule on two parachutes, having deliberately “failed” the third …

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