David Limp, the long-standing head of Amazon’s consumer devices division, is poised to step down later this year, as confirmed by Amazon in response to a report by the Wall Street Journal, according to a statement given to GreyJournal. For more than 13 years, Limp
Temu, an up-and-coming shopping app, has been making waves in the retail world. It made headlines by securing not one but two advertising slots during the Super Bowl, paying a staggering $14 million for each 30-second spot. This feat is even more impressive considering that
The Federal Trade Commission (FTC) has filed a lawsuit against Amazon, alleging that the company misled consumers into subscribing to Prime memberships and hindered their efforts to cancel the service. This legal action is the latest in a series of crackdowns by U.S. authorities on
According to a recent report, there are discussions suggesting that Amazon might be considering the possibility of offering low-cost or potentially free nationwide mobile phone service to its Prime subscribers in the United States. The tech giant is said to be in talks with major
Ring, the surveillance device manufacturer owned by Amazon, has reached a settlement with the Federal Trade Commission (FTC) and will pay $5.8 million in response to accusations of unauthorized access to customers’ videos by Ring employees and contractors. The settlement, which was filed in the
Amazon, one of the world’s largest e-commerce giants, made a notable change during its Q1 2023 quarterly earnings and investor call by omitting any reference to India. This marks the first time since early 2014 that Amazon has not highlighted the rapid growth and bullish
The US Federal Trade Commission (FTC) has taken its first enforcement action against a case involving “review hijacking,” where a marketer steals consumer reviews of another product to boost the sales of its own. The FTC has ordered The Bountiful Company, the maker of Nature’s
Amazon, the world’s largest online retailer, has announced a substantial round of layoffs, with an additional 9,000 employees set to lose their jobs. The news was shared in a memo published by CEO Andy Jassy today, revealing that the job cuts will impact workers in
Amazon, which had previously caused a frenzy by making each state fight to host its next major headquarters, has put the brakes on its HQ2 in Virginia. After laying off over half of the original 25,000 jobs promised, the company has postponed construction on a
Spotify has launched a new AI-powered feature called “DJ” which aims to personalize the music listening experience for its users. Similar to a radio DJ, “DJ” delivers a curated selection of music along with AI-generated spoken commentary on tracks and artists. The feature is currently
FreshToHome, an Indian startup that sells fresh fish and meat to consumers in the South Asian market and the Middle East region, has secured $104 million in a Series D funding round led by Amazon’s Smbhav Venture Fund. Other investors in the round included the
Fired According to a reported complaint from Amazon employees, the e-commerce behemoth used email to notify them that they were no longer required by the business. According to Insider, at least five of the workers who lost their jobs on Wednesday claimed they got a
An influential Wall Street analyst claims that Amazon founder Jeff Bezos could “do a Bob Iger” and return in 2023 to save his struggling e-commerce company as it battles declining revenue and massive layoffs. Under the direction of Bezos’ successor, Andy Jassy, Amazon is currently
The shares of the once-hot companies owned by the nation’s IT titans fell this year, costing them a combined total of more than $430 billion. Elon Musk, the CEO of Tesla and Twitter, had his net worth plummet by a startling $132 billion, displacing him
Elon Musk rekindled his bitter feud with Jeff Bezos, his billionaire rival, by alleging that Bezos frequently imitates his business strategies. In response to a tweet from controversial tech provocateur Kim Dotcom, who claimed that Bezos was copying Musk’s forays into fast-growing economic sectors, Musk
Amazon announced on Wednesday that its Thanksgiving weekend sales were the highest ever thanks to consumers who, unaffected by inflation, snapped up everything from Nintendo Switch gaming consoles to New Balance sneakers. Among the best-selling items, according to Amazon, were AirPods, Champion clothing, and Fire
Jeff Bezos, the founder of Amazon, and his longtime girlfriend Lauren Sanchez exclaim in their first interview together that “teamwork makes the romance work.” During a sit-down interview with CNN, fourth-richest man in the world Bezos and journalist Sanchez expressed their love for one another.
Amazon unveiled its new ‘Sparrow’ sorting robot, which could soon replace some human warehouse workers. The robot is intended to identify and sort specific products along Amazon’s fulfillment line, a task that was previously only performed by humans. “Sparrow is the first robotic system in
According to court documents, a former housekeeper for Jeff Bezos has filed a lawsuit against the billionaire Amazon founder for alleged racial discrimination and “unsafe” working conditions. Mercedes Wedaa, Bezos’ former housekeeper, claimed that she and other staffers were denied easy access to bathrooms in
Over a century ago, in the last decades of the nineteenth century, the United States enjoyed a period known today as the Gilded Age. Great fortunes were made and lost, and America rapidly ascended to become the preeminent industrial power in the western world. During
