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The market collapse isn’t just the inevitable result of macroeconomic forces like high interest rates and inflation. It’s also the best opportunity in more than a decade to reckon with the tech industry’s excess. → Read More
Mark Zuckerberg needs Reels to fund his metaverse, and you can smell his desperation from Beijing. → Read More
Jeff Bezos’ decision to let people sell on the company’s marketplace helped accelerate growth—and risks. → Read More
The startup, which is using a SPAC to go public, plans a commercial launch in 2024. → Read More
The triple-masted, 127-meter ship is likely to cost more than $500 million. → Read More
When a gossip rag went after the CEO, he retaliated with the brutal, brilliant efficiency he used to build his business empire. In an exclusive excerpt from the new book Amazon Unbound comes an unrivaled tale of money, sex, and power. → Read More
Two big bets on India and Saudi Arabia went badly awry. → Read More
Two big bets on India and Saudi Arabia went badly awry. → Read More
Masayoshi Son’s venture capital firm is famous for making outsize bets on tech startups. It has also been described as an environment of sycophancy and harassment. → Read More
There’s plenty of blame to go around. → Read More
A day before it delivered relatively good earnings to Wall Street last week, Amazon.com Inc. got roughed up in a New York City Council hearing over the company’s plans to locate half of second headquarters in Long Island City, Queens. “It’s a cold day in New York,” shouted one union organizer at a rowdy protest outside City Hall, “but it’s not as cold as Jeff Bezos’s heart.” → Read More
Alphabet Inc. Chairman John Hennessy is unsure about a banner strategy of the company’s most-important executive. Hennessy said he’s not confident Google will be better off bringing a censored search engine to China -- a key goal of Google Chief Executive Officer Sundar Pichai. → Read More
The rivals are spending billions of dollars to turn Indians into devoted customers. → Read More
(Bloomberg) -- Last week, in the span of about an hour, Amazon.com Inc. introduced 70 new devices and services to an inundated tech press at its Seattle headquarters. There were new Echoes, an Alexa-equipped subwoofer, a DVR, Alexa for the car—even a microwave. → Read More
The business founded by Steve Jobs and Steve Wozniak in 1976 truly stands alone. → Read More
His rocket company, Blue Origin, has a goal of “millions of people working and living” off-world. → Read More
On July 18, outside the West Texas town of Van Horn, hundreds of Blue Origin employees and their families and friends gathered to watch the New Shepard rocket blast off toward the edge of space. The rocket performed the kind of feat that was once the province of sci-fi stories and discarded NASA white papers. → Read More
As we head into the heat of earnings season this week, two technology giants sit at the threshold of a monumental achievement: surpassing $1 trillion in market capitalization. → Read More
As we head into the heat of earnings season this week, two technology giants sit at the threshold of a monumental achievement: surpassing $1 trillion in market capitalization. Apple Inc., still the world’s most valuable company, sported a $941 billion valuation at the end of trading on Friday. Amazon, reporting on Thursday, is a few paces behind with an $880 billion market cap. → Read More
Monday marks the start of Amazon.com Inc.’s summer sales-palooza, Prime Day. For the next 36 hours, prices for portable air mattresses are down by 31 percent, over-ear wireless headphones by 30 percent, and all those Amazon Echos and Fire tablets are at fire-sale prices. → Read More