At what point does lobbying cross over into the realm of crony capitalism and rigging the system? That’s a question many tech companies and the U.S. Congress are asking amid concerns that the bidding process for the Department of Defense’s cloud computing project has been fixed in favor of Amazon. The controversy began when the […]
Bernie Sanders to Billionaire Jeff Bezos: ‘Pay your workers a living wage’…
One particular salary has irked Sen. Bernie Sanders: He cites Amazon founder Jeff Bezos makes $275 million a day, this according to Time magazine. “Jeff Bezos has so much money that he says the only way he could possibly spend it all is on space travel. Space travel. Have you ever heard of such a […]
Hundreds of Washington Post Employees Slam Jeff Bezzos for ‘Shocking Pay Practices’…
More than 400 employees of The Washington Post have signed on to a public letter to owner Jeff Bezos asking him to remedy working conditions at the newspaper, after more than a year of unsuccessful negotiation with upper management. ‘All we are asking for is fairness for each and every employee who contributed to this […]
Senators Ask Jeff Bezos Just How Many Complaints Amazon’s Received About Eavesdropping Echoes…
Lawmakers in the U.S. have taken a greater interest in the failures of tech companies lately but most of the focus has been on Facebook and Google while Jeff Bezos has been busy making a reported $230,000 a minute. Now it’s Amazon’s turn in the barrel. On Thursday, Senators sent a list of questions regarding […]
People Outraged After Amazon Found to Secretly Profit from “Unethical And Illegal” Chinese Sweatshops…
Amazon founder and CEO Jeff Bezos recently became the world’s wealthiest man. While, Bezos’ fortune is mostly tied to Amazon’s inflated stock price trading at a nosebleed price/earnings ratio of approximately 265, with a market cap around $811 billion (as of June 08), many questions remain as to just how did Bezos manage to become […]
Is Anyone Surprised?: Jeff Bezos’ Whole Foods Halts Plan to Require Mandatory GMO Labeling…
Nearly a year after being acquired by Amazon, health food retailer Whole Foods is quietly putting the brakes on its plan to require food suppliers and stores to label foods containing genetically modified organisms (GMOs). A spokesperson for Whole Foods told FOX Business that the company is pushing back the deadline for its mandatory GMO […]
Ouch!: Amazon Stock Drops $260B Following Trump’s Tweets…
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 […]
On Amazon’s Tax Deal: “Closing stores all over the country”…
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 […]
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