Even in times of plague and massive unemployment, a three-way race has emerged at the top of a rising US stock market, the economy’s major league. Amazon has been competing with Apple and Microsoft for the title of the richest company in the world. All three weigh in with a market cap at above...
Forbes has followed Jeff Bezos on his pilgrimage to India this week. On January 15, the journal reported on Amazon’s declared ambition to help boost the Indian economy. The magazine reports: “Amazon founder and chief executive Jeff Bezos said on Wednesday from New Delhi that his e-commerce...
With robots and artificial intelligence destined to take over the economy, does anyone have an idea of how a truce might end the war between man and machine? Wired features an article with the title, “Inside the Amazon Warehouse Where Humans and Machines Become One.” The author, Matt Simon,...
With no more Toys R Us, Amazon seems poised to fill the void this Christmas. This year will mark the first holiday shopping season in decades without Toys R Us, the venerated toy store that shuttered after mounting financial problems and sliding sales. Amazon has already made steps toward...
Amazon and Jeff Bezos were so desperate they needed the generosity of the citizens of New York to help them pay their future rent. If any of us formulated the plan to move to New York and either buy a house or build one, we would begin looking at the price of property to decide whether or not we...
The final nail in the coffin of value is finding the right price of data. The rule that underlies the Zeitgeist of late-stage capitalism is “everything has a price,” the corollary or simple inversion of Milton Friedman’s cherished, “there’s no such thing as a free lunch.” In an...
Facial recognition may be dangerous. We need to recognize it and face the risk. Amazon, known as an online store, has produced at least three things that have made the news in recent years: Kindle (the electronic book), the richest man in the world (Jeff Bezos) and controversy. The latest in the...
Amazon Go has opened to the public, possibly altering the grocery store experience as we know it. The launch of Amazon Go on January 22 is poised to alter the retail industry by radically simplifying a chore most of us do every day: grocery shopping. Seattle, home to Amazon’s headquarters, saw...
