Amazon CEO Jeff Bezos will leave his post later this year, turning the helm over to the company’s top cloud executive, Andy Jassy, according to an announcement Tuesday. Bezos will transition to executive chairman of Amazon’s board. Bezos, 57, founded Amazon
Databricks, a start-up whose software helps companies quickly process large sets of data and get it ready for analysis, said Monday it has raised $1 billion in fresh cash, including from a few prominent corporate investors. Amazon Web Services, Alphabet’s CapitalG venture arm
Amazon will suspend Parler, the tech giant confirmed Saturday, sending the social media network offline after it was banned by Apple and Google for allowing “threats of violence” in the wake of a deadly riot at the US Capitol. The
SEATTLE — Amazon has announced $2 billion in loans and grants to secure affordable housing in three U.S. cities where it has major operations, including a Seattle suburb where the online retail giant employs at least 5,000 workers. Amazon said
The brother to one of President-elect Joe Biden’s closest advisors just picked up Amazon as a new client. Jeff Ricchetti, the brother of Biden’s White House counselor Steve Ricchetti, recently secured a lobbying contract with Amazon, according to a new lobbying disclosure
Draft EU rules to be unveiled Tuesday would see tech giants face huge fines or banned from the market for breaches, sources said, posing a major challenge to the likes of Google and Facebook. The EU Commission is gearing up to present
PARIS — France’s data privacy watchdog said Thursday it has fined Google 100 millions euros ($121 million) and Amazon 35 million euros ($42 million) for breaching the country’s rules on advertising cookies. The CNIL said in a statement that the French websites
Amazon said on Monday it had opened three more logistics centers in Brazil to take advantage of the boost the Covid-19 pandemic has given to e-commerce in South America’s largest economy. The new units are already operating in the states of Minas Gerais
Amazon CEO Jeff Bezos this week has sold more than $3 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider. Bezos has accelerated his stock sales in the last year. In August, Bezos offloaded more than
ttAmazon’s fourth-quarter guidance for operating profit was so wide you could drive a delivery truck through it. The online retailer said in its earnings report on Thursday that operating income for the last three months of the year will be