Hello and Happy Friday! I’m Joe Ciolli, and I’m subbing in for Dan DeFrancesco today. I’ll be writing a daily markets newsletter starting on Monday, so sign up here, and tell all your friends! If you’re planning on using DoorDash to have a self-driving Waymo deliver you pizza this weekend — something that’s now possible…
MacKenzie Scott, the ex-wife of Amazon co-founder Jeff Bezos, has reduced her stake in the e-commerce company, cutting her holdings by nearly 42% to $12.6 billion, according to a regulatory filing with the SEC filed Tuesday and dated September 30. Many of Scott’s recent philanthropic efforts have focused on diversity, equity and inclusion (DEI) initiatives….
Billionaires and tech CEOs have shared two distinct views on humanity’s future when it comes to AI: Some think it’ll wipe out all jobs and spell the end of civilization as we know it, while others hope it could lead to a utopian world—and Jeff Bezos is firmly in the latter category “I don’t see…
Zoho founder Sridhar Vembu is the next to join the ongoing ‘AI bubble’ debate. Vembu has issued a cautionary warning on the present surge in artificial intelligence investments. He described the market as a ‘financial bubble’ that could distort long-term innovation. In an interview with CNBC-TV18, Vembu said that while AI holds enormous promise, the…
For what is likely the first time in Amazon‘s history, founder and executive chairman Jeff Bezos‘ stake is now less than 10 percent of the company. In a securities filing Tuesday, Bezos disclosed that he now owns 9 percent of the company’s shares, after selling off more than 100 million shares over the course of…
Oyo founder Ritesh Agarwal Oyo founder Ritesh Agarwal has now credited Amazon founder Jeff Bezos for helping him shape his approach and business strategy. Agarwal revealed the one quote by Bezos which inspired him, ‘Hope is not a plan’. In a recent interview post shared by Agarwal on his Instagram handle, he emphasised that structured…
Amazon said Monday it plans to hire 250,000 workers this holiday season as it beefs up staffing to handle what the online retailer expects to be an uptick in orders. This marks the third year in a row the e-commerce giant has hired at least a quarter of a million additional part- and full-time workers…
Major technology companies suffered their worst single-day losses since April last week, with Amazon, Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump‘s threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10…
Amazon founder Jeff Bezos who has a net worth of around $240 billion, once described himself as a ‘lottery winner’ and emphasised on the moral obligation which comes with extraordinary wealth. In a 2001 interview, Bezos shared his thoughts on philanthropy, calling it a challenge equal to building a fortune. “If you are a lottery…
Neil Young, who recently wrote and recorded the anti-Trump song “Big Crime,” says he intends to pull his music from Amazon and encourages fans to “shop local.” In a post on his Archives website, Young writes: “Forget Amazon. Soon my music will not be there.” And, referring to Amazon founder Jeff Bezos, “Buy local. Buy…