Eugene Kim
CNBC
Korea, Republic of
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Recent articles by Eugene:
Amazon is launching a new program to donate unsold products, after reports that millions were being destroyed
The new Fulfillment by Amazon (FBA) Donations program is meant to encourage third-party sellers to donate unsold inventory, rather than having Amazon destroy it. → Read More
Senators ask Jeff Bezos how Amazon recommends products to consumers
In a letter to Jeff Bezos, Sens. Menendez and Blumenthal asked how the "Amazon's Choice" badge works, after reports indicated it recommends inferior products. → Read More
Amazon's quest for constant growth is not leaving it with many friends — except for Wall Street
From industry stalwarts to high-profile politicians, seemingly everyone's turning their backs onAmazon these days, with one notable exception: Wall Street. "None of this really concerns me — Everybody hates Goliath," says one analyst. → Read More
Amazon is testing a new program that lets it control third-party product prices as its pricing policy draws criticism
Amazon started inviting third-party sellers to a new program called Sold by Amazon (SBA) last week, describing it as a "new, hands off the wheel selling experience." → Read More
Amazon CEO Jeff Bezos has sold over $2.8 billion worth of stock in the last week, new filings show
Amazon CEO Jeff Bezos sold about $990 million worth of stock on Thursday and Friday, bringing total share sales to $2.8 billion over the past week. → Read More
Why the coming sabbatical of Amazon's Hollywood chief has Wall Street on edge
Losing Jeff Blackburn, one of Amazon's top executives, could be a serious blow to its video-streaming service, even if he's only gone for a year. → Read More
Top Amazon executive Jeff Blackburn, head of entertainment and advertising, is taking a 1-year leave
Jeff Blackburn, one of the most senior executives at Amazon, is taking a one-year leave. → Read More
Amazon CEO Jeff Bezos has kept the same message to Wall Street for 22 years
Amazon's second-quarter earnings results were a reminder of Bezos's longtime approach of valuing long-term growth over short-term profits. → Read More
Amazon to report second-quarter earnings after the bell
The quarterly numbers follow an $800 million investment in one-day delivery and increased regulatory scrutiny into its business practices. → Read More
Wall Street expects Amazon's big investment in one-day delivery to pay off in earnings report after the bell
The earnings results could temper concerns of Amazon's slowing growth and reaffirm investor confidence in its ability to invest in the right areas. → Read More
Former head of Amazon Business takes a top job at Boxed, a start-up selling household goods in bulk
Prentis Wilson, who led Amazon Business' growth to $10 billion in annual sales volume, is joining Boxed as the company's first-ever president. → Read More
Amazon's updated suspension policy still has sellers worried about getting inexplicably booted
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say. → Read More
Amazon is making grocery brands pay for losses on Prime Day promotions, as focus on profit grows
The policy change reflects a broader push by Amazon to squeeze profits out of a historically low-margin business. → Read More
Amazon's Jay Carney, who ran Obama's press office, is now on the flip side as lawmakers come after big tech
As public backlash against big tech companies grows, Jay Carney's dual role of managing PR and public policy is becoming a lot to handle. → Read More
Amazon shoppers spend more and shop more often if they have one-day shipping, survey says
The RBC survey data shows why Amazon spending $800 million this quarter alone to make one-day free shipping the default for its Prime members. → Read More
Amazon's Bezos starts sharing the spotlight with top lieutenants as he focuses on other projects
Bezos' ever-growing business ambition requires him to go far beyond his current role at Amazon, making other Amazon executives more frequently serve as the face of the company. → Read More
FedEx will no longer provide express shipping for Amazon in the U.S.
The move comes as Amazon more aggressively builds out its own shipping and delivery network. → Read More
Amazon's devices chief explains how Alexa is changing what people buy online
Amazon's hardware devices chief Dave Limp told CNBC that while Alexa is not necessarily getting consumers to buy more online, it is helping popularize products like audio subscriptions and smart home gadgets. → Read More
One of Amazon's biggest bulls explains four risks that could cause the 'demise' of the company
D.A. Davidson's Tom Forte, who has the third highest target price for Amazon at $2,550 per share, according to FactSet, wrote in a note published Thursday that he is closely monitoring four warning signs that could potentially result in the "demise of Amazon." → Read More
Amazon's Jeff Bezos has promoted long-time AWS executive Peter DeSantis to his elite 'S-team'
DeSantis's promotion is a big stamp of approval by Bezos and Amazon's leadership team, signifying his rise in the ranks. → Read More