Mark Zuckerberg saw $29 billion fall from his overall net worth on Thursday as Meta’s stock experienced a record one-day plunge. Meanwhile, Amazon founder Jeff Bezos pocked an additional $20 billion following the e-commerce giant’s blockbuster earnings. Meta’s stock plunged 26%, erasing over $200 billion in the largest-ever single-day market value wipeout for the US […]
In a press release, the Bezos Earth Fund said it had awarded 44 grants to climate organisations, including a $140 million donation to President Biden’s Justice40 initiative and a $51 million donation to support land restoration in the US and Africa. The grants are part of Bezos’ $10 billion commitment to support scientists, activists, and […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
The new policy was announced in a blog post and is a change from Amazon’s previous expectations that most staff members would return to the office at least three days a week when offices reopen in January. The message was signed by Amazon CEO Andy Jassy and said that it is ultimately for the company […]
The business leaders, mostly chief executives of Brazillian companies, released a joint statement warning that Brazil could be “excluded from a new economic-climate order that is unfolding before our eyes.” Signatories included the local chiefs of Amazon, Shell, Embraer, and the global chief executives of the world’s largest meatpacker JBS. "Brazil should maintain its central […]
Put simply, the home cover, or home emergency insurance industry has a bad reputation for not putting its customers first. Between price hiking, increasingly poor service, and low levels of innovation and technology investment, it’s clear that this is not a category where customer-centricity has been core to decision making. Like other established industries, the […]
In September last year, multinational tech company Nvidia struck a deal with Japan’s SoftBank Group to purchase UK-based chip designer Arm Holdings. However, the proposed deal has sparked much concern. In April, the UK government announced it would be examining the potential sale of Arm on national security grounds. In addition to Musk, e-commerce giant […]
With over 27 years of experience across the media and entertainment industry, Shibasish Sarkar has produced more than 500 films, raking in over $5 billion in box office figures, along with more than 90 TV shows, and over 10 OTT series. As the Group CEO of Reliance Entertainment, one of the biggest international production houses […]
Andre Oentoro, founder of Breadnbeyond, shares 10 amazing lessons that CEOs can take from Bezos' letters to shareholders. Although many leaders often mention phenomenal tech entrepreneurs as their true inspiration, like Steve Jobs, Mark Zuckerberg, Jack Ma, Elon Musk, and Bill Gates, Bezos' name used to be overshadowed in the past few years—until his resignation […]
With an approximate net worth of $314.9 billion, Amazon is one of the most powerful companies in the world. Within just two decades, the business grew from being a Seattle garage bookstore to a major stockist of almost every product imaginable. In 2020, Amazon's performance rocketed even further, with annual revenues up to 38% to […]
Jeff Bezos founded multinational tech giant Amazon in 1994, out of his garage in Seattle. The company began as an online bookstore, primarily competing with local book retailers and Barnes & Noble. However, Amazon soon began to expand its services, offering convenience services to its customers. Amid the coronavirus pandemic, Amazon’s revenues grew 38%, reaching […]
On Wednesday, video game retailer GameStop announced that it has appointed former Amazon executive Matt Furlong as the company’s new CEO. Mike Recupero, another former executive of Amazon, has also been appointed as GameStop’s chief financial officer. Having worked for Amazon for almost a decade, Furlong will step into his new role on June 21. […]
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