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Trump called Bezos to complain about Amazon report
Economic Times
·
2m ago
Medial
US President Donald Trump reportedly called Amazon Executive Chairman Jeff Bezos to express concerns about a purported plan to display prices reflecting tariff impacts. The story, initially reported by Punchbowl News, suggested Amazon would list these prices on its main retail platform. However, Amazon refuted these claims, stating that it had never considered such a move, nor was any plan put into action to implement it.
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Donald Trump praises Jeff Bezos as Amazon denies plan to display tariff cost
Economic Times
·
2m ago
Medial
Former President Donald Trump praised Amazon founder Jeff Bezos for halting a plan to disclose US tariffs on price tags. The proposed disclosure had caused tensions with the White House, which sought to defend its tariff policies against price criticism. Trump called Bezos and praised him for resolving the issue quickly. The plan was described by the White House as a political move. Amazon clarified that no tariff disclosures were approved and wouldn't be implemented.
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The history of Jeff Bezos and Donald Trump's relationship
Business Insider
·
8m ago
Medial
Amazon founder, Jeff Bezos, congratulated Donald Trump on his presidential election victory and praised his courage following an assassination attempt in July 2024. While Bezos and Trump have had their differences, they met in 2016 and Bezos described the meeting as productive. Trump has criticized Amazon multiple times, claiming it is damaging to tax-paying retailers and pushing smaller businesses out. In addition, Amazon filed a complaint in 2019 alleging that Trump influenced the Department of Defense's decision to award a contract to Microsoft instead of Amazon Web Services. Trump has also criticized The Washington Post, which Bezos owns.
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Jeff Bezos' net worth hits all-time high fueled by Amazon shares getting Trump bump
Business Insider
·
8m ago
Medial
Jeff Bezos, the founder of Amazon, saw his net worth reach a record high of $228 billion following the US presidential election. The surge was driven by Amazon's strong earnings report and a boost in the company's stock price. Bezos owns nearly 9% of Amazon's stock, which has risen by over 40% this year. Along with other billionaires, Bezos benefited from the stock market rally after Trump's win, gaining nearly $53 billion collectively. Despite not endorsing a candidate, Bezos congratulated Trump and his company, Blue Origin, has won significant government contracts.
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Amazon to contribute $1 million to Trump's inauguration fund
Economic Times
·
7m ago
Medial
Amazon is set to donate $1 million to President-elect Donald Trump's inauguration fund. This move comes as major tech companies aim to improve their rapport with the incoming president. Additionally, Amazon plans to stream Trump's inauguration on its Prime Video service, providing another in-kind donation worth $1 million. The donation from Meta, parent company of Facebook and Instagram, was also confirmed. The company donated $1 million to Trump's inauguration fund. This news follows Trump's announcement that Amazon founder Jeff Bezos will visit him in person. The two had previously clashed, but Bezos has recently expressed optimism about Trump's second term. Meta CEO Mark Zuckerberg has also been seeking to build a better relationship with Trump.
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Bezos Says the Post Withheld Endorsement to Avoid Media Bias
Livemint
·
8m ago
Medial
Jeff Bezos, founder of Amazon and owner of the Washington Post, has addressed the media industry's credibility gap by stating that most people believe the media is biased. He explained that the Post's decision to stop endorsing presidential candidates was a principled one and not related to a meeting between former President Donald Trump and executives from Bezos' company Blue Origin. The announcement caused controversy with resignations and cancellations, including criticism from reporters Bob Woodward and Carl Bernstein. Bezos emphasized the need for change in the media landscape and vowed to fight against the paper's irrelevance.
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Jeff Bezos stake to come down to 8.8% after planned Amazon share sale worth $5 billion
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos plans to sell 25 million shares of the company, worth nearly $5 billion, after the stock reached a record high. This would decrease Bezos' stake to 8.8% of outstanding stock. Amazon share price hit an all-time high of $200.43 on Tuesday. Bezos sold approximately $8.5 billion worth of Amazon shares in February. As Bezos plans his sale, Amazon has announced it will discontinue its security robot, Astro for Business, and shift its focus to household robots.
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‘Pay to Quit’ Jeff Bezos offered ₹4 lakh to Amazon employees to resign
Livemint
·
1y ago
Medial
Amazon founder Jeff Bezos introduced a unique program called "Pay to Quit" in 2014 to retain dedicated employees who wanted to advance their careers. The program offers workers who voluntarily resign up to $5,000 or ₹4.1 lakh. Bezos believes that keeping employees who don't want to be there is detrimental to both the company and the individual. The "Pay to Quit" approach, originally adopted by online retailer Zappos, has proven to be effective in increasing motivation and commitment among the workforce. Last year, Amazon couldn't announce the program due to labor shortages caused by the pandemic.
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Tech billionaires take center stage at Donald Trump inauguration
Economic Times
·
5m ago
Medial
Tech billionaires Elon Musk, Mark Zuckerberg, and Jeff Bezos, among others, took prominent positions at Donald Trump's inauguration, signaling their significant influence. Despite previously contentious relations, tech giants are now courting Trump, influenced by business interests like government contracts and regulatory leniency. The event highlighted the shifting dynamics between Silicon Valley and the Trump administration. High-profile figures from Meta, Amazon, Apple, and Google attended amid ongoing antitrust challenges and evolving political alliances.
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Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again
Business Insider
·
1y ago
Medial
Jeff Bezos has sold 12 million shares of Amazon stock, worth $2 billion, in a move that could potentially make him the world's richest man again. This is part of a plan announced by Amazon earlier this year for Bezos to sell off 50 million shares. The surge in Amazon's stock this year has increased Bezos' estimated wealth by $22.6 billion. The sale also narrows the gap between Bezos and Elon Musk's net worth, making it possible for Bezos to overtake Musk and reclaim the title of the world's richest person.
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Jeff Bezos, after founding Amazon in a Seattle garage three decades ago, packs his bags for Miami
Economic Times
·
1y ago
Medial
Jeff Bezos, the billionaire founder of Amazon, is moving from Seattle, where he established the company in a garage nearly three decades ago, to Miami. Bezos, who stepped down as Amazon's CEO three years ago, plans to be closer to his parents and partner, Lauren Sanchez. His rocket company, Blue Origin, is increasingly shifting operations to Cape Canaveral, which is about 200 miles south of Miami. Bezos has lived in Seattle since 1994 but has extensive properties in Miami's exclusive areas, making this emotional move.
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