jeff-bezos / 3 posts found

A Donald Trump tweet knocked $6 billion off Amazon’s value

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Image: alex wong/Getty Images Donald Trump knocked $6 billion off of Amazon before most of the country was awake. In a tweet sent at 6:12 a.m. EST, Trump claimed Amazon was “doing great damage to tax paying retailers,” resulting in the loss of jobs. The @washingtonpost, which loses a fortune, is owned by @JeffBezos for purposes of keeping taxes down at his no profit company, @amazon. Donald J. Trump (@realDonaldTrump) December 7, 2015 That was just the beginning. Since then, Trump has on three other occasions launched tweets at Amazon, including the time the president threatened Amazon with an ‘internet […]

Are Amazon’s prices too good to be true? The U.S. government wants to find out.

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Amazon CEO Jeff BezosImage: Getty David Ryder/Getty Images As Amazon prepares to lock down its mega-merger with Whole Foods, one of its most controversial sales practices may be coming back to haunt it. The Federal Trade Commission is investigating claims that the online shopping giant misleads customers with the price comparisons it lists on its products, Reuters first reported. The unofficial probe concerns the listed price on items, that retailers use to demonstrate how much their customers are supposedly saving. SEE ALSO: Yes, Amazon is convenient, but is it just too damn powerful? The group behind the complaint, Consumer Watchdog, […]

Amazon just might test how powerful is too powerful for a tech company

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Donald Trump, Microsoft CEO Satya Nadella, and Amazon CEO Jeff Bezos at a meeting of tech leaders at the White House earlier this year.Image: Chip Somodevilla/Getty Images Amazon is arguably the most feared name in all of consumer business at the moment. The online shopping juggernaut is smothering retail chains, spooking supermarkets, and steamrolling into probably half a dozen other sectors on the side. And its forward momentum shows no signs of slowing. That unnerving power has led some Washington lawmakers to wonder how this so-called “everything store” jibes with laws designed to keep any one corporation from gaining too […]