Jeff Bezos

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'Emperors of the New Economy' Grilled at Antitrust Hearing

'Simply put, they have too much power'

(Newser) - The CEOs of Amazon, Apple, Facebook, and Google were sworn in remotely Wednesday for a historic antitrust hearing before House lawmakers. Rep. David Cicilline, chairman of the House Judiciary antitrust subcommittee, used his opening statement to accuse the tech giants of damaging the economy through excessive dominance, the New York ...

Big Tech CEOs Head to Congress for Historic Hearing

Apple, Amazon, Facebook, Google on the defense over rising power

(Newser) - Chief executives of Facebook, Google, Apple, and Amazon are set to testify remotely before Congress on Wednesday as part of a hearing focusing on the size and power of the world's leading tech companies, following a yearlong investigation by the House judiciary’s antitrust subcommittee. Facebook CEO Mark Zuckerberg...

Jeff Bezos' Wallet Just Had a Record-Setting Day

Amazon founder added $13B to his net worth on Monday

(Newser) - How do you treat yourself when you make $13 billion in one day? We'll have to ask Jeff Bezos, who, per Bloomberg , saw that amount added to his net worth Monday, the largest single-day boost to one person's wealth since the Bloomberg Billionaires Index began in 2012. A...

The World's Richest Person Is Now Richer Than Ever

The Amazon founder is worth a staggering amount of money

(Newser) - Get a raise last year? Jeff Bezos saw his gains go up, too—by $56.7 billion, which makes the world's richest person literally richer than ever, Bloomberg reports. His wealth rose along with a 4.4% surge in Amazon stock, which put shares at a record $2,878....

Bezos 'Happy to Lose' Customers Angered by Black Lives Matter

CEO shares 'sickening' response to company's stance

(Newser) - Jeff Bezos says he's received some "sickening but not surprising" messages from customers since he stated his support for the Black Lives Matter movement— but he's not worried about losing their business. On Instagram , the Amazon CEO shared a message from irate customer "Dave," redacting...

As Bezos Heads Toward Trillionaire, Outrage

Analysis suggests he could be first trillionaire by 2026

(Newser) - Amazon CEO Jeff Bezos found himself the target of attacks from Sen. Elizabeth Warren, Rep. Bonnie Watson Coleman, and a lot of social media users on Thursday as outlets highlighted an analysis suggesting he'll become the first ever trillionaire. Business website Comparisun determined the 56-year-old—with a current net...

House Panel Demands Bezos Himself Come Testify

Judiciary Committee investigating whether Amazon is cheating its own sellers

(Newser) - A recent Wall Street Journal investigation discovered Amazon.com workers had used proprietary data from independent sellers on the site to boost its own competing products, and that probe has now spurred a call to Jeff Bezos himself to appear on Capitol Hill. The Journal reports that the company's...

Investigation: Amazon Beats Own Sellers With Shady Tactics

'Wall Street Journal' says ex-employees admit looking at off-limits data on competitors

(Newser) - Amazon is selling more products under its own label as it directly competes against independent sellers on its own platform. The company swears up and down it doesn't peek at data deemed by those sellers as proprietary, but the Wall Street Journal reports the claim isn't true. The...

Jeff Bezos' Fortune Takes Big Jump Thanks to COVID-19

Crisis has given Amazon shares a big boost

(Newser) - The world's richest man is having a good 2020. Amazon's share price surged 5.3% to a new high on Tuesday, getting a boost from increased demand for online shopping amid the coronavirus crisis. Where that leaves Jeff Bezos' fortune: up $24 billion in 2020, the BBC reports....

Effort to 'Save Earth' Starts With a $10B Bezos Check

Under pressure, Amazon founder says he'll fund grants for scientists and nonprofits

(Newser) - Saying he wants to "preserve and protect the natural world," Amazon founder Jeff Bezos kicked off the Bezos Earth Fund with an Instagram post Monday. "I'm committing $10 billion to start," he wrote, saying he wants to work with scientists, nonprofits and activists to fight...

Jeff Bezos Just Bought LA's Most Expensive Home

Amazon founder paid $165M for Warner estate

(Newser) - Jeff Bezos just bought the most expensive house ever sold in Los Angeles, and he's not going to have to worry about mortgage payments: With an estimated net worth of $131 billion, the Amazon founder could have bought the $165 million mansion almost 800 times over. Bezos has bought...

Bezos Hit With Lawsuit From Girlfriend's Brother

Michael Sanchez sues for defamation

(Newser) - Jeff Bezos and girlfriend Lauren Sanchez made it red-carpet official last month, but February brings a new set of headlines tied to their union. It emerged late Sunday that Sanchez's brother, Michael Sanchez, on Friday sued the Amazon founder for defamation. He alleges that Bezos and his security consultant,...

UN Experts Want Immediate Probe of Alleged Bezos Hack

Sources say Saudi crown prince sent him infected WhatsApp file

(Newser) - The world's richest man had his phone hacked during what he thought was a friendly chat with Saudi Arabia's crown prince, insiders say, and now UN experts are calling for an "immediate investigation" of the allegations by "the US and other relevant authorities." Sources tell...

Bezos Gets an Earful on Brief Visit to India
Bezos Gets an Earful
on Brief Visit to India 
the rundown
Jan 20, 2020 6:45 PM CST

Bezos Gets an Earful on Brief Visit to India

Government officials and small business blast Amazon and Post

(Newser) - Jeff Bezos' surprise trip to India may not have gone quite the way he expected. He arrived to government criticism of Washington Post coverage, the launching of an antitrust investigation of Amazon, and protests from small-business owners—despite his announcement that his company was investing $1 billion to help neighborhood...

Amazon to File for Restraining Order in Microsoft-DOD Deal

Former says latter was only awarded $10B contract after 'behind-the-scenes attacks' from Trump

(Newser) - Amazon has long been suspicious that it lost out to Microsoft on a lucrative $10 billion cloud computing deal with the US military only because of President Trump's intervention, and now Jeff Bezos' behemoth has taken its latest step to stymie the latter from proceeding with that project. CNN...

Bezos Donation to Australia Doesn't Land Well

Critics fault him for giving less than others

(Newser) - It's not often a million-dollar donation is called paltry. But such is the case when the person giving it is Jeff Bezos—and when the million is in Australian dollars, making it worth $690,000 American. The controversy started after the Amazon CEO announced the donation on Instagram , reports...

Bezos Loses Title as World's Richest Person

Gates goes back on top after Amazon stock falls

(Newser) - Jeff Bezos is taking a fall from his perch as the world's richest person, mostly because Amazon's stock price has fallen. That cut into Bezos' wealth, Bloomberg reports, though not so you'd notice. He's at $107.1 billion at the moment, about $300 million less than...

Bill Gates No Longer Planet's 2nd Richest

Bernard Arnault jumps over him

(Newser) - In the seven years that Bloomberg has been putting out its Billionaires Index, Bill Gates has always ranked in the top 2. No more. On Tuesday, Bernard Arnault leaped over him and into the No. 2 spot, with a net worth of $107.6 billion, a slim $200 million over...

MacKenzie Bezos Expected to Get Billions This Week

A judge is expected to sign paperwork within the coming days

(Newser) - MacKenzie Bezos will assume a new title this week: world's fourth-richest woman. The Guardian reports this is the week a judge will likely sign the paperwork that will make official the transfer of 4% of Amazon shares to her as part of her divorce settlement with Jeff Bezos. Those...

Woman Storms Stage at Jeff Bezos Appearance

Priya Sawhney confronted Amazon chief about chicken farms

(Newser) - A woman was arrested Thursday after approaching Amazon CEO and founder Jeff Bezos and yelling about chicken farms on stage at a conference in Las Vegas, authorities said. Bezos's appearance at Amazon's re:Mars event at the Aria resort was briefly interrupted before the woman was surrounded by...

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