Tag Archives: Bezos

Jeff Bezos lost record-breaking $19.2 billion of personal wealth in 2 days

Amazon billionaire Jeff Bezos lost a record-breaking $ 19.2 billion of his personal wealth over the past two trading days, the greatest such loss ever in that timeframe. Bezos became, and remains, the richest person in modern history this year, however the strength of his position at the top of the global billionaires leaderboard has dipped. Just four months ago ...

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Jeff Bezos is just fine taking the Pentagon’s $10B JEDI cloud contract

Some tech companies might have a problem taking money from the Department of Defense, but Amazon isn’t one of them, as CEO Jeff Bezos made clear today at the Wired25 conference. Just last week, Google pulled out of the running for the Pentagon’s $ 10 billion, 10-year JEDI cloud contract, but Bezos suggested that he was happy to take the government’s ...

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‘US needs to be defended’: Bezos explains Amazon bid for DoD project… and it’s no surprise

While employees of US tech giants have voiced their unease over deeper cooperation with the Pentagon, Jeff Bezos says Amazon is bidding because the country “needs to be defended.” RT was told it is no surprise. “If big tech companies are going to turn their back on the Department of Defense [DoD], this country is in trouble,” Bezos said at ...

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Mainstream media gangs up on Sanders over ‘Stop BEZOS’ bill

Senator Bernie Sanders’ anti-corporate welfare bill aims to hammer the companies that pay their workers so poorly they need government aid to survive. Corporate media outlets are gunning for Sanders in response. The Stop Bad Employers by Zeroing Out Subsidies Act (Stop BEZOS) would impose a tax on companies equal to the amount of money their employees receive from federal ...

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Jeff Bezos launches $2 billion fund to finance preschools and help homeless families

In a tweet this morning, Amazon founder (and the world’s richest man) Jeff Bezos announced that he and his wife were creating a $ 2 billion fund to finance a network of nonprofit preschools and donate funds to organizations helping homeless families. “The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle ...

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What about your workers? Amazon’s Bezos gets grief for $2bn fund to help homeless & children

Amazon CEO and world’s richest man Jeff Bezos has invoked Twitter wrath for seemingly an all-around commendable cause – setting up a charity fund to fight homelessness and create a preschool network for the underprivileged. The so-called Day One Fund will be multi-billionaire businessman’s most significant foray into philanthropy to date. The 2$ billion pledged by Bezos will be used ...

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Bernie Sanders proposes ‘Stop BEZOS’ bill to end corporate welfare, boost wages

Vermont Democratic Senator Bernie Sanders has unveiled his new ‘Stop BEZOS’ Act, a pointed jab at the Amazon CEO, which ostensibly aims to entirely eliminate one kind of corporate welfare in the US. The proposed bill would target companies with 500 or more employees, including some of America’s largest corporations such as Amazon, Apple and Walmart. The Stop Bad Employers ...

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Amazon’s Bezos becomes richest man in modern history, with wealth topping $150bn

Amazon CEO Jeff Bezos is now worth more than Microsoft co-founder Bill Gates and Google co-founder Larry Page combined. His net worth hit $ 150 billion for the first time. Shares of Amazon.com have risen for eight straight days and gained $ 9.46, or 0.5 percent, on Monday, when the online retailer kicked off its annual global shopping sales event, ...

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Back to earth, Bezos! Amazon chief under fire for space travel plans as workers struggle

Amazon founder Jeff Bezos is facing criticism for plans to spend billions on space travel as his workers sleep in tents to save money and pee in bottles to avoid missing their daily work targets. Bezos, the world’s richest man, recently told Business Insider that the “only way” he sees how he can spend so much money is by converting ...

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