Jeff Bezos

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Amazon Fights to Avoid Sales Tax

Keeps a map of where employees can travel to

(Newser) - It’s not a lucky quirk of the laws that keeps Amazon from charging you sales tax—it’s a concerted campaign. Former employees tell the Wall Street Journal that the company goes to great lengths to shield customers from the tax man. Employees for example must consult a color-coded...

Most Influential of 2010: Zuck
 Most Influential of 2010: Zuck 
vanity fair 100
Sep 4, 2010 10:40 AM CDT

Most Influential of 2010: Zuck

Facebook founder tops Steve Jobs, Rupert Murdoch

(Newser) - Frighteningly enough, Mark Zuckerberg tops Vanity Fair 's list of this year's most influential people of the Information Age. The top 5 of its 100:
  1. Mark Zuckerberg, Facebook: His company is valued at around $25 billion, has more than 500 million members, runs 176 billion banner ads a month, and
...

Amazon Unveils Cheaper Kindle
 Amazon Offers Even 
 Cheaper Kindle 
NOW $139
Jul 29, 2010 8:39 AM CDT

Amazon Offers Even Cheaper Kindle

It's also thinner, has better screen

(Newser) - Amazon has announced a new, improved and cheaper version of the Kindle, boasting that the price cut will make it a “mass market” device. The new, slightly smaller, device boasts a higher-contrast screen and a one-month battery life, but can be had for just $139 for the WiFi-only model....

The Kindle Refuses to Die

 The Kindle Refuses to Die 
Sorry, iPad
Jul 26, 2010 11:19 AM CDT

The Kindle Refuses to Die

Sales soaring of the device iPad was to make obsolete

(Newser) - Looks like the advance obits for the Kindle, which was supposed to be killed off by the iPad, were a bit premature. The iPad is selling sensationally (3.3 million and counting), Daniel Lyons notes in Newsweek , but so is the Kindle (3.5 million this year). Why? Sure, slashing...

Kindle Book Sales Overtake Hardcovers: Amazon

Even with iPad competition, sales of devices rise

(Newser) - Amazon is selling more books as Kindle downloads than as hardcovers, CNET reports . In the past month, the website sold 180 Kindle books for each 100 hardbacks. CEO Jeff Bezos calls the shift "astonishing, when you consider that we've been selling hardcover books for 15 years and Kindle books...

How to Create a Kindle Best-Seller: Give It Away

Publishers are using free downloads to lure readers

(Newser) - The brave new world of publishing in the age of e-readers had led to this: More than half of the "best sellers" on Amazon's Kindle are actually give-aways. While some are classics in the public domain, many are new titles. Publishers are embracing the idea of free downloads as...

Amazon Buys Rival Zappos for About $900M

(Newser) - If you can't beat 'em, buy 'em. Amazon is shelling out about $900 million in cash and stock to purchase rival online retailer Zappos, reports TechCrunch. Zappos specializes in shoes, and the investment—the biggest in Amazon's 14-year history—suggests Jeff Bezos is looking to shore up his company's less-than-stellar...

Here Comes the New Kindle (Probably)

(Newser) - Tech bloggers reading their tea leaves say e-book fans can expect the new version of the Kindle on Feb. 9. Though maker Amazon has made no announcement, the company has scheduled a major press conference that day with chief Jeff Bezos. And, notes Brad Stone of the New York Times,...

Wall Street's Tumble Costs Buffett $9.6B

Top CEOs have taken a 28% hit in the value of their company holdings

(Newser) - Next time you check the value of your portfolio, know that America's top executives are taking a pounding with you: Berkshire Hathaway CEO Warren Buffett has seen his holdings in his company decline $9.6 billion this year, reports the Wall Street Journal. And he’s got company. Oracle’s...

Re-Kindling May Not Be Enough
 Re-Kindling May Not Be Enough
ANALYSIS
Aug 26, 2008 9:46 AM CDT

Re-Kindling May Not Be Enough

Version 2.0 is coming, but a megahit may still elude Amazon

(Newser) - Amazon plans to launch the next generation of its Kindle e-book player in the coming months, but an iPod-sized hit may still be out of the company's grasp, Peter Burrows writes in BusinessWeek. Much-needed improvements are on the way, but the real future for Kindle could be in using its...

Kindle Is King of the Market —But It's a Small Market

Amazon's electronic reader is up against tough demographics

(Newser) - After about 9 months on the market, how goes the Kindle? No official sales figures are out for Amazon's electronic reader, but Liz Gunnison of Portfolio tries to get a sense of things. If you were expecting it to ignite a revolution in reading, keep dreaming. Amazon has likely sold...

Amazon Kept Laughing After Dot-Com Bust
Amazon Kept Laughing After Dot-Com Bust
ANALYSIS
Jun 20, 2008 4:45 PM CDT

Amazon Kept Laughing After Dot-Com Bust

E-tailer stays nimble as Yahoo, eBay trip into the future

(Newser) - Yahoo, eBay, and Amazon emerged from the dot-com bust as a mighty triumvirate, but only Amazon has kept its mojo in the decade's latter stages, the Economist reports. Yahoo, the oldest of the lot at 14, shooed away Microsoft, surrendered part of its business to Google, and failed to stay...

Video Service Could Be Behind Amazon Glitches

Pending TV and movie streaming may be snarling system

(Newser) - Amazon's new digital video service could be behind the glitches that have been plaguing the site, reports the New York Times. The online retailer was knocked offline for two hours last week and suffered sporadic problems yesterday. Analysts believe the company may be rejigging its distribution system ahead of the...

Amazon to Launch On-Demand Video Streaming

Service to rival Netflix will be up and running within weeks

(Newser) - Amazon plans to open the sluices for pay-per-view video streaming within weeks, Reuters reports. The Internet retail giant already rents videos for download via the Web but is enhancing its digital media service to better compete with rivals like Apple and Netflix. Amazon boss Jeff Bezos told a conference yesterday...

Amazon Q1 Profit Spikes
 Amazon
 Q1 Profit 
 Spikes 
EARNINGS REPORT
Apr 23, 2008 5:35 PM CDT

Amazon Q1 Profit Spikes

Online retailer sees 30% jump in face of economic slowdown

(Newser) - Amazon posted a 30% profit jump in the first quarter, the Wall Street Journal reports, defying the sluggish economy. Net income was $143 million (34 cents a share) compared with $111 million (26 cents a share) in last year's first quarter. The company’s operating income guidance for the fiscal...

Amazon Gets Late Christmas Present
Amazon Gets Late Christmas Present
Jan 30, 2008 5:47 PM CST

Amazon Gets Late Christmas Present

Holiday shopping doubles retailer's quarterly income

(Newser) - Amazon's net income more than doubled in the fourth quarter, in part because of the retailer's sales gimmicks for the holidays, reports the Wall Street Journal. In addition, Amazon released a cheerier than expected forecast for this year's first quarter. The good news could help soothe Wall Street's nervousness over...

Amazon Unveiled as $4M Buyer of Rowling Fairy Tales

Proceeds from the handwritten book will go to charity

(Newser) - The Internet giant of book sales revealed today that it was behind the purchase of "The Tales of Beedle the Bard" in auction yesterday. Amazon paid $3.98 million for the handwritten manuscript -- a record for a children's book and for any modern literary manuscript, not to mention...

Amazon's E-Book Gamble Gets Big Play

Newsweek looks at changes $399 device could wreak on reading

(Newser) - News that Amazon would debut its new Kindle e-book leaked earlier this week, and a Newsweek cover story has the full hype on what Jeff Bezos and company hope to achieve with it. "This isn't a device, it's a service," Bezos says of of the Kindle, pointing to...

Amazon Tries Something Novel With E-book Reader

But similar devices haven't captured the public's imagination

(Newser) - Online retail giant Amazon.com will unveil its highly anticipated electronic-book reader on Monday in New York,  an industry source tells CNET. In the works for more than a year, the Kindle is equipped with a Wi-Fi connection that taps into an Amazon e-book store, which users can access...

Amazon Reports Large Increase in 3Q Sales

Despite 313% jump, stock drops in after-hours trading

(Newser) - Amazon reported strong increases in third-quarter sales, citing once again its low pricing and free shipping for success. But investors may have been hoping for an even larger increase, because Amazon's share prices fell over 8% in after-hours trading. The company netted a profit of $80 million for the quarter,...

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