Monday, November 25

Tag: jeff bezos

Amazon Releases Prime Video Figures for the First Time
17Mar By Sheldan RungasamyNo Comments
News

Amazon Releases Prime Video Figures for the First Time

Amazon’s best television shows attracted over 5 million people worldwide to its Prime shopping club by start of 2017, according to the company releases and reveal for the very first time how the e-commerce retailer fares in the online streaming industry. The documents also reveal that the American audience totals 26 million customers for all video programming on Prime, which includes movies and TV shows licensed by other companies. This is the first time that Amazon are releasing their audience figures and it covers the period of late 2014 and early 2017. The released documents reveal the metrics of 19 shows exclusively streamed on Amazon. It includes their cost, their viewership and the number of people they help attract to Prime. These shows, known as Prime Originals account for ab...
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Donald Trump’s Forbes Ranking Drops by 200 places
7Mar By Sheldan RungasamyNo Comments
USA

Donald Trump’s Forbes Ranking Drops by 200 places

President of United States Donald Trump has seen a significant drop on Forbes list of the wealthiest people in the world. The business mogul plummeted down more than 200 places in the famous magazine’s list after losing around $400 million in his net worth since last year. He is currently ranked 766th while he stood at the 544th place in last year’s standings. Forbes attributed his drop to “a tough New York real estate market, particularly for retail locations; a costly lawsuit and an expensive presidential campaign.” Moreover, President Donald Trump lost a billion US dollars in net worth in 2017. Trump Tower, the President’s New York home, lost around $41 million in value in 2017. He is also losing a longtime renter on his 65,000 square-foot property on 6 East 57th Street. as tenant...
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Walmart Interested In Investing in Indian E-commerce Giant Flipkart
9Feb By PriyankaNo Comments
News

Walmart Interested In Investing in Indian E-commerce Giant Flipkart

American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores- Walmart is actively looking to invest in Indian e-commerce giant Flipkart and is willing to pay billions for as much as 20 percent stake. Walmart is the world's biggest retailer and if it invested in the Indian unicorn, it is expected that it may increase Flipkart's valuation to as much as $20 billion, which as per the researcher CB Insights is currently $12 billion. It is also mentioned by the source  Bloomberg that the talks are in advanced stage, but the terms could still change and the deal may not be finalized. “Walmart will make Flipkart a stronger rival to Amazon,” said Arvind Singhal, chairman of the New Delhi-based retail consultancy Technopak Advi...
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Amazon Posts Largest Profit in its History on Sales, Tax Boost
2Feb By reutersNo Comments
News

Amazon Posts Largest Profit in its History on Sales, Tax Boost

Amazon.com Inc on Thursday reported a profit near $2 billion, the largest in its history, as the online retailer drew millions of new customers to its Prime fast-shipping club for the holiday season and as changes to U.S. tax law added to its bottom line. Shares rose more than 6 percent in extended trading, after previously closing down 4 percent on the Nasdaq. Seattle-based Amazon is using fast shipping, television shows exclusive to its website and forays into new technology, such as its voice-controlled Alexa devices, to attract high-spending Prime members. Amazon said price cuts at Whole Foods Market, which it acquired for $13.7 billion last year, are helping it win grocery sales, too. The world's largest online retailer said net income more than doubled to $1.86 billion, or $...
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Know How Amazon Plans To Capture Indian Smartphone Market In 2018 With 10.or
22Dec By Press Trust of IndiaNo Comments
News

Know How Amazon Plans To Capture Indian Smartphone Market In 2018 With 10.or

US-based online retailer Amazon will bring in a range of smartphones to the Indian market under 10.or (pronounced Tenor) to take on homegrown rival, Flipkart. The smartphones, first of which goes on sale on January 5, will be launched under the companys Crafted for Amazon programme, it said in a statement. Explaining the programme, Amazon.in said it shares customer insights with OEM partners. These partners then design and manufacture products as per industry leading quality and reliability standards. Amazon provides go-to-market support for these products, it added. The first device -- 10.or D series smartphone features 5.2 inch screen and 3,500 mAH battery. It will be priced Rs 4,999 onwards The Crafted for Amazon program will also include fashion brands like Myx, Symbol, ...
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Tech Lords Lost A Fortune In Today’s Wipeout
30Nov By RishabhNo Comments
BUSINESS

Tech Lords Lost A Fortune In Today’s Wipeout

[dropcap]T[/dropcap]he billionaire founders of the top tech giants- Facebook Inc, Amazon Inc, Netflix and Google's owner Alphabet Inc lost a fortune of $7.6 billion net on Wednesday as the Nasdaq 100 suffered the worst drop in the past three months. Among these the company that suffered the most was Facebook, whose founder Mark fell $2.6 billion alone as per the source Bloomberg. This drop also affected Amazon founder Jeff Bezos that caused him to slip below the $100 billion figure which he recently acquired, breaking Bill Gates record of 1999. The shares of Amazon.com Inc tumbled $2.5 billion off his net worth. The American entertainment company Netflix founder Reed Hastings fell $133 million while multinational conglomerate Alphabet Inc founder Larry Page and Sergey Brin around ...
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Jeff Bezos Net Worth Surpasses $100B, After Bill Gates
25Nov By RishabhNo Comments
News

Jeff Bezos Net Worth Surpasses $100B, After Bill Gates

Jeff Bezos worth surpassed $100 billion! As per the Bloomberg's reports, Amazon Inc founder's net worth has exceeded $100 billion for the first time. As the online retailer's shares jumped more than 2 percent due to sale on Black Friday Amazon, it added $2.4 billion worth to Jeff making it to a total of $100,3 billion. Jeff already surpassed Bill Gates in October as the world's richest man, and became the 53rd person to hit a 12-figure worth after Gates in 1999. As per the Bloomberg Billionaires Index Bezos's net fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the index. Unlike Gates or Warren Buffet, Bezos has given relatively little of his fortune to charity. Bezos is though planning to focus on philanthropy and asked for ideas on Twi...
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Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again
28Oct By RishabhNo Comments
News

Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again

Amazon.com Inc's post-earnings surge has pushed Jeff Bezos to the top of the Bloomberg Billionaires Index for the first time, ahead of Microsoft co-founder Bill Gates who had held the spot as the richest person on Earth for four years. Bloomberg Billionaire Index showed that Jeff Bezos added $10.4 billion to his net worth as Amazon shares rose to 13 percent. At the close of U.S. markets Friday, Bezos held a net worth of $93.8 billion, $5.1 billion ahead of Gates on the Bloomberg index, who was at $88.7 billion. Earlier this year, Bill Gates donated 64 million of the Microsoft's shares worth US$4.6 billion. Reports suggest that this was the largest gift that Gates made since 2000. Bill gates gave away $16 billion worth of Microsoft shares in 1999 and $5.1 billion a year lat...
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Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates
31Aug By PriyankaNo Comments
News

Zara Founder Amancio Ortega Becomes The World’s Richest Man, Beating Bill Gates

Spanish retailer Amancio Ortega became the world's richest person on Tuesday, claiming the crown for less than a day. Ortega, 81, is now worth an estimated $85 billion, according to Forbes’ real-time rankings of the world’s billionaires. His net worth is up $1.2 billion in the last month Amancio Ortega, founder of Zara's parent company Inditex SA and Europe's wealthiest person claimed the title of 'World's Richest Person' for a while on Tuesday. (more…)
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Amazon Pumps in Rs 1,680 Crore More in India Unit
6Jul By Press Trust of IndiaNo Comments
BUSINESS

Amazon Pumps in Rs 1,680 Crore More in India Unit

Global giant Amazon has invested an additional Rs 1,680 crore in its India unit as it looks to further strengthen operations in the booming e-commerce market here. The fresh infusion part of Amazons USD 5 billion commitment to Indian market will also provide more arsenal to the Indian entity that is locked in an intense battle for leadership with local rival, Flipkart. Amazon Seller Services (Amazon India) received the funds last month, as per regulatory filings with the corporate affairs ministry. "We remain committed to our India business with a long- term perspective to make e-commerce a habit for Indian customers and invest in the necessary technology and infrastructure to grow the entire ecosystem," an Amazon India spokesperson said in an e-mailed response. In June...
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Amazon Will Keep Investing Billions in India: Jeff Bezos
29Apr By RishabhNo Comments
Entrepreneurs Talk

Amazon Will Keep Investing Billions in India: Jeff Bezos

Global e-commerce major Amazon will keep investing in the Indian market to strengthen technology and infrastructure as it looks to overtake local rival Flipkart. The US-based company has already committed investments to the tune of $5 billion in India. “Our India team is moving fast and delivering for customers and sellers. It’s still day 1 for e-commerce in India, and I assure you that we’ll keep investing in technology and infrastructure,” Amazon founder and CEO Jeff Bezos said in a statement. The world’s second richest man also said “Amazon.in is the most visited and the fastest-growing marketplace in India.” Amazon, which entered India in 2013, has been locked in an intense battle with Tiger Global-backed Flipkart for leadership in the Indian market. Amazon has been aggr...
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