Jeff Bezos

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Amazon Is First Company to Lose $1T in Market Value

Share price has fallen almost 50% this year

(Newser) - Just over four years ago, Amazon became the second US company to reach a $1 trillion valuation, weeks after Apple hit the same milestone. The e-commerce giant has now reached a more unwelcome milestone, becoming the first company in the world to lose $1 trillion in value, Bloomberg reports. Amazon'...

Ex-Housekeeper Calls Working Conditions Unsafe at Bezos' Home

Employees sometimes had to climb out a window to reach a bathroom, lawsuit says

(Newser) - A former housekeeper for Amazon founder Jeff Bezos says she and other employees suffered unsafe working conditions that included being forced to climb out a laundry room window to get to a bathroom anytime the Bezos family was home. In a lawsuit filed in King County Superior Court in Seattle...

Jeff Bezos Considers Bid for NFL Team, With Jay-Z

Snyder, facing several investigations, is under pressure to sell Washington Commanders

(Newser) - Jeff Bezos doesn't own an NFL team, but that could change. One day after the current owner of the Washington Commanders retained Bank of America to look into a sale, Bezos is preparing a bid for the team with Jay-Z, the Financial Times reports. The Amazon founder reportedly is...

Jeff Bezos Could Lose $23B Today
Jeff Bezos
Could Lose
$23B Today
Oct 28, 2022 2:22 AM CDT

Jeff Bezos Could Lose $23B Today

If Amazon stock plunge carries into Friday's trading

(Newser) - Amazon is the latest tech giant to report disappointing third-quarter earnings , with its Q3 results missing revenue estimates, per CNBC . The sales forecast for Q4 also fell short of analysts' expectations. After the report, Amazon stock plunged as much as 21% in after-hours trading after market close Thursday, Bloomberg reports....

Bezos Family Gives $710M to Cancer Center

Seattle research center hopes to use donation to speed up trials

(Newser) - The Seattle-based Fred Hutchinson Cancer Center has announced a $710 million gift from the Bezos family, the largest gift the center has ever received and one of the largest to go to any single cancer research organization in recent years. The donation will fund 36 new research labs, the building...

This Man Pushed Bezos Down One Spot in Richest Rankings

Bloomberg ranks Gautam Adani as world's 2nd richest

(Newser) - Update: And then he was second. NPR reports that Gautam Adani of India has grabbed the No. 2 slot on the world's richest list from Jeff Bezos. It cites Bloomberg's Billionaires Index, which this week listed both Adani and Bezos as having a net worth of $147 billion;...

Jeff Bezos Has First Rocket Failure
Jeff Bezos
Has First
Rocket
Failure
Sep 12, 2022 11:17 AM CDT

Jeff Bezos Has First Rocket Failure

Nobody was aboard the Blue Origin flight

(Newser) - Jeff Bezos’ rocket company suffered its first launch failure Monday, per the AP . No one was aboard, only science experiments. The Blue Origin rocket veered off course over West Texas about a minute after liftoff. The capsule’s launch abort system immediately kicked in, lifting the craft off the top....

Bezos&#39; Superyacht Avoids an Egging
Bezos' Superyacht
Avoids an Egging
Aug 3, 2022 12:56 PM CDT

Bezos' Superyacht Avoids an Egging

Y721 moved before masts are added, meaning historic Dutch bridge remains in place

(Newser) - Dutch citizens have lost their reason for wishing to pelt Jeff Bezos and his superyacht with eggs . Though it was initially expected that a massive bridge in the city of Rotterdam would need to be dismantled to allow the billionaire's $500 million superyacht to reach the sea, the 417-foot...

'Eat the Rich' With Popsicles Shaped Like Musk, Bezos

MSCHF artists collective has ice cream trucks in NYC, LA with the billionaire-shaped treats

(Newser) - If you're in New York City or Los Angeles on Wednesday and want to work out your angst against capitalism, there's a frozen treat waiting for you, modeled after the world's richest men. Just stop by what's being deemed a "unique art pop-up" by CBS...

Amazon's Staff Turnover Rate May No Longer Be Sustainable

Internal memo reveals fears of exhausting available US labor pool by 2024

(Newser) - With its sky-high staff turnover rate, Amazon fears it could run out of US workers by 2024, an anxiety that could force higher wages or increased automation. That's according to leaked internal research from mid-2021 as seen by Recode . "If we continue business as usual, Amazon will deplete...

UN Food Chief to Musk: 'We Need Your Help, Brother'

David Beasley wants billionaires to step up, saying the situation is serious

(Newser) - The head of the United Nations' World Food Program is telling billionaires it's "time to step up" as the global threat of food insecurity rises with Russia's war in Ukraine. Executive Director David Beasley said he's seen encouraging signs from some of the world's richest...

2 Tweets From Bezos on Biden, With One Theme: 'Misdirection'

Amazon founder goes after president on Twitter about inflation

(Newser) - President Biden is well aware of the nation's current woes around inflation , and he recently pledged to make it his top domestic priority. But his thoughts on how to do so have rankled one of the world's richest men, and that man took to Twitter to tell the...

Jeff Bezos' Bank Account Had a Very Bad Day

Stock slide shrinks founder's personal wealth by $18B

(Newser) - It took a single day for the effects of Amazon's quarterly loss to be brought home to Jeff Bezos. The company's founder fell Friday to No. 3 on the list of the world's richest people, after Amazon reported Thursday that it had lost $3.8 billion in...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Pete Davidson Not Going to Space After All

After Blue Origin flight delayed, he can no longer make it

(Newser) - Pete Davidson has bowed out of a short ride to space on a Jeff Bezos rocket. The Saturday Night Live star is no longer able to make the flight, which has been delayed for nearly a week, Bezos' space travel company said Thursday night. No other details were provided, the...

Report: Pete Davidson Is Going to Space
Pete Davidson Going
to Space This Month
UPDATED
Mar 14, 2022 10:40 AM CDT

Pete Davidson Going to Space This Month

His Blue Origin flight is scheduled for March 23

(Newser) - Update: Pete Davidson may be fighting with Kanye West , but he's also going to space. Jeff Bezos' Blue Origin company said Monday that the Saturday Night Live star will be part of a six-person flight to the edge of space on March 23, reports NBC News . Our original story ...

City Will Dismantle Historic Bridge to Let Bezos Yacht Through
Dutch Locals Plan a Smelly
Welcome for Bezos' Yacht
IN CASE YOU MISSED IT
Feb 12, 2022 6:30 AM CST

Dutch Locals Plan a Smelly Welcome for Bezos' Yacht

Group aims to pelt it with rotten eggs because of need to dismantle historic bridge

(Newser) - Update: When Jeff Bezos' mega-yacht makes its maiden voyage sometime this summer, the Amazon founder might want to wear protective gear. Not for the elements—for eggs. Jalopnik reports that a growing Facebook movement in the Dutch city of Rotterdam is enlisting people to chuck rotten eggs at the ship....

Meta Plunge Knocks Zuckerberg Out of Top 10 Billionaires

Bezos is set to get $20B richer

(Newser) - Share price swings have brought the fortunes of two tech billionaires up—and down—by amounts equivalent to the GDPs of small countries. Shares in Meta, Facebook's parent company, plummeted 26% on Thursday, bringing Mark Zuckerberg's net worth down by around $29 billion to $85 billion, reports Reuters...

Tornado May Have Broken World Record

Meanwhile, candle factory survivors would be 'miracle'

(Newser) - Saturday's devastating Kentucky tornado carved an over 200-mile track that could rival the longest on record as the stormfront smashed apart a candle factory, crushed a nursing home and flattened an Amazon distribution center, all while killing upwards of 70 people.
  • Record-breaker: The longest tornado on record tracked for
...

Bezos Rocket Launches Strahan, 5 Others Into Space

This was the third flight by Blue Origin

(Newser) - Update: This file has been updated with the return flight. Jeff Bezos’ rocket company, Blue Origin, launched its latest trip to space Saturday morning. The New Shepard rocket blasted off about 10am, and the crew returned safely to Earth in a capsule about 10 minutes later. Among the six people...

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