Jeff Bezos

Jeff Bezos has announced he will stand down as chief executive of Amazon in the third quarter of 2021. The founder of the online retail behemoth will hand the reins to Andy Jassy, who currently leads Amazon’s cloud computing wing. The announcement comes after an enormously successful 2020 for Amazon

Jeff Bezos will step down as CEO of Amazon, moving to the role of executive chairman in the third quarter of 2021. Current Amazon Web Services CEO Andy Jassy will become the company’s new boss. The tech giant announced the move today in financial results. Bezos founded Amazon in 1994

Amazon sold nearly US$100 billion worth of products last quarter as millions of people relied on the ecommece giant during lockdowns. The increased online activity also drove a 51 per cent jump in ad revenue for Amazon. In Q3 results reported late last week, Amazon confirmed its business has continued

Amazon today reported soaring sales as customers flocked to the ecommerce giant during the COVID-19 pandemic. First quarter results showed a 26 per cent lift in revenue, year-on-year, including US$10 billion from its market leading cloud computing division, AWS. Amazon owner Jeff Bezos pledged to spend all of the company’s

Amazon Web Services CEO Andy Jassy today reiterated Amazon’s protests about the awarding of a $US10 billion US Department of Defence contract to its main rival Microsoft, saying there had been “significant” political interference in the decision, stemming from US president Donald Trump’s dislike of Amazon founder Jeff Bezos. Amazon

Robots will probably kill us all one day — but first, they’ll put us in cages. A truly forward-thinking entrepreneur would get in on this exciting opportunity to grab the first-mover advantage in the cutting edge field of robot slave/worker drone relationships … and a truly forward-thinking entrepreneur did. Jeff

Amazon founder and CEO Jeff Bezos has accused the National Enquirer of blackmail and extortion, alleging the publication threatened to publish private pictures of him unless he backed away from an investigation into its coverage. The billionaire published a Medium post today which includes the correspondence between his lawyers and

Amazon today announced it is increasing the minimum wage of its 350,000 full and part time US workers to $US15 per hour, following increased pressure over the treatment of its lowest paid workers. Meanwhile, research released today reveals American Uber drivers are being paid less than $US10 per hour –

Amazon Go Seattle

The rise of empowered customers that is impacting not just retail but most other industries, isn’t going to slow down any time soon. That’s the view of Jeff Bezos, who used used his annual letter to shareholders to highlight the company’s performance in 2017 and share how Amazon stays ahead

Amazon Prime, a $US99 a month subscription package that provides delivery services and streaming media, has attracted 54 million US members and reaches 51 per cent of the nation’s households . Amazon doesn’t provide these numbers, but a research group’s subscriber estimates are a good fit with Amazon’s most recent financials, which