Who says name-calling doesn’t hurt? Amazon investors can measure the pain of President Trump’s Twitter attacks over the past three trading days in dollars. They’ve lost a collective $260 billion as the e-commerce giant’s shares tumbled 2.8 percent since the president’s March 29 renewal of his social-media onslaught against the company run by Washington Post […]
President Trump, Here’s Why the Postal Service Is Charging Amazon ‘So Little’…
In a Twitter blast this morning, President Trump said, “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!” There may well be […]
Trump Triples Down in Amazon Feud: “Deal with Post Office will be changed”…
According to Trump, “only fools, or worse, are saying that our money losing Post Office makes money with Amazon. THEY LOSE A FORTUNE, and this will be changed. THEY LOSE A FORTUNE, and this will be changed. Also, our fully tax paying retailers are closing stores all over the country…not a level playing field!”
On Amazon’s Tax Deal: “Closing stores all over the country”…
EU Unveils Digital Tax Plans, Facebook, Google, Amazon to Be Hit…
The European Commission proposed rules on Wednesday to make digital companies pay their fair share of tax, with U.S. tech giants such as Google , Facebook and Amazon set to foot a large chunk of the bill. Under the Commission’s plan, companies with significant digital revenues in Europe will pay a 3 percent tax on […]
Internet Inventor Warns “Regulate Tech Firms Now Or Risk A Weaponized Web”
The inventor of the world wide web, Sir Tim Berners-Lee (not Al Gore), has a dire warning over the concentration of power among a few companies on the internet “controlling which ideas are shared.” In an open letter to mark the 29th anniversary of his invention, Berners-Lee calls for powerful “new gatekeepers” – internet platforms […]
Tech Moguls Driving Mass Layoffs in the Economy Want Universal Basic Income As a Cure…
Driverless cars! IBM Watson! News-writing robots! Amazon Go! The future is here, friends, and it apparently excludes humans. People are preparing for the next mass extinction — an evaporation, if you will — not of humans, polar bears or other creatures, but of jobs. This prospect has been sending shivers through humanity, from New York […]
Is Amazon Too Big to Tax???
This year, like every other year, is shaping up to be a triumphant one for Amazon. It is on the cusp of becoming the first trillion dollar company ever. In the coming months it will announce the opening of a second headquarters—and likely bank billions in tax breaks and other incentives from the lucky city […]
Microchipping? Hhhhmmm: Bezo’s, Buffett, JPMorgan Starting Healthcare Company…
Amazon, Berkshire Hathaway and JPMorgan Chase & Co. have agreed to work together to provide healthcare for their employees that is “free from profit-making incentives and constraints.” The three companies are hoping to create a new healthcare company that they say will aim to improve employee satisfaction and reduce costs. The companies provided few details […]
World Must ‘Wake up to threat from Tech Giants’…
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