Eugene Kim
Business Insider
Korea, Republic of
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Recent articles by Eugene:
Less than a year after abandoning HQ2 in New York City, Amazon says it's opening a new 1,500-employee office in NYC
Amazon has signed a new lease for office space in New York City and plans to hire 1,500 people. → Read More
The Derek Jeter-backed startup BlueJeans Network, last valued at over $700 million, just cut 40% of its workforce as Silicon Valley's focus on profitability grows
The change at BlueJeans shows how Silicon Valley's growing focus on profitability is now trickling down to smaller startups too. → Read More
Read the full transcript of Amazon CEO Jeff Bezos and his top executive team's leaked responses to employee questions from its internal all-hands meeting
Amazon's CEO Jeff Bezos and his most senior executives answered questions from employees who seem worried about the challenges facing the company. → Read More
In leaked recording of internal meeting, Jeff Bezos and Amazon's top execs respond to employee questions about some of the company's biggest challenges
In an all-hands meeting last month, Amazon CEO Jeff Bezos and his top executives answered a list of employee questions about the company. → Read More
Google's cofounders are stepping down from their leadership roles, but they'll remain in control of the company
Thanks to their super-voting shares of Alphabet, Google cofounders Larry Page and Sergey Brin still control the company. → Read More
In leaked all-hands recording, Jeff Bezos addresses Amazon's rising political spending: Except for certain 'extreme' issues, 'you have to be able to work with people who don't agree with you on everything'
In an all-hands meeting last month, Amazon CEO Jeff Bezos addressed questions about Amazon's political spending. → Read More
Amazon is making two-hour grocery delivery free for all Prime members
That means Prime members, who pay $119 per year in the U.S. for free shipping and other benefits, like Prime Video and Music, will now also be able to get grocery products ranging from fresh meats and veggies to snacks delivered for free. → Read More
Amazon reports third quarter earnings after the bell
Amazon is expected to show revenue growth at the expense of shrinking profitability, as it pours millions into expanding its free one-day delivery program. → Read More
Amazon's big investment in free one-day delivery is expected to spark growth in the third quarter
Investors are keeping a close eye on just how much the expansion is cutting into Amazon's profit margins, as it spends on improving warehouses and delivery infrastructure to make one-day shipping the default for Prime members. → Read More
Amazon says punishing counterfeiters and regulating facial recognition technology are among its top issues
In a blog post on Thursday, Amazon shared its official position on controversial issues facing the company, including climate change, diversity and counterfeits. → Read More
Amazon's top spokesperson Jay Carney slams the Trump administration for lack of credibility
Amazon's SVP of global affairs Jay Carney, who was Obama's press secretary, criticized the Trump administration during at a tech conference on Wednesday. → Read More
Amazon held its first big ad conference last week, luring about 400 people to Seattle
At "AdCon 2019," Amazon promoted a business that surpassed $10 billion in annual revenue last year. → Read More
Amazon sites in France and India should be added to U.S. counterfeit watchlist, says apparel trade group
The American Apparel & Footwear Association, which represents more than 1,000 brands, added two more Amazon sites to its recommended list of "Notorious Markets" this year, which identifies commerce sites and companies that facilitate the sale of counterfeit goods. → Read More
As Amazon floods the market with Alexa devices, the business model is getting fresh scrutiny
Amazon has the luxury of low margins as it rolls out an assortment of Alexa devices with no clear path to profit. → Read More
Amazon plans Alexa wireless earbuds with fitness-tracking built in, bigger Echo with better sound, source says
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of running. → Read More
You can now ask Amazon's Alexa to donate money to presidential candidates
Amazon is launching a new feature that allows presidential candidates to receive campaign contributions through the Alexa voice assistant. → Read More
FedEx CEO: Amazon is who 'we wake up every day trying to think about'
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the logistics space. → Read More
Amazon allows some toys to go on sale before asking for proof of safety compliance
Some Amazon third-party sellers are only asked to submit safety documents weeks after they start selling, leaving Amazon's marketplace open to a flood of potentially unsafe products, CNBC has learned. → Read More
Shopify will soon trail only Amazon for US e-commerce, and the stock is soaring
Shopify is expected to surpass eBay and become the second largest U.S. e-commerce platform behind Amazon in terms of sales volume, according to a note published by R.W. Baird on Monday. → Read More
Amazon is testing a 'New' badge to highlight newly released products
The badge, which shows up next to certain new products, is Amazon's latest attempt at labeling products to help shoppers decide what to buy. → Read More