The mystery over which city or cities Amazon will choose for its second headquarters continues.
An Amazon executive on Saturday took a swipe at a Washington Post report that said the e-commerce giant was in advanced talks about opening its second headquarters, nicknamed HQ2, in Crystal City, Virginia. The report in the Jeff Bezos-owned Post, which cited “people close to the process,” said the Washington DC suburb is a frontrunner for the complex, which is expected to create 50,000 jobs and cost $5 billion.
As Amazon continues its rise as the world’s largest online marketplace, rival eBay charges that it got there by crossing a legal line.
eBay filed a lawsuit against Amazon in Santa Clara County on Wednesday alleging it fraudulently poached its high-value sellers by infiltrating an internal messaging system called M2M, In the filing, Ebay says its rival is “unwilling to fairly compete for third party seller business.”
Amazon declined to comment on the lawsuit.
eBay says the Amazon “scheme” violated its user agreement policies and “induced eBay sellers to do the same.”
Amazon is letting its customer ratings do the talking at its new store.
Called Amazon 4-Star, the new concept will stock items that customers have rated four stars or above, on average, according to a blog post announcing the store. That means it will include only the best of the best; Amazon says the current assortment averages 4.4 stars.
It opens Thursday in Manhattan’s SoHo neighborhood.
When investing, it’s always a good idea to spread the wealth. Whether you invest only as much as can be insured, or you use different financial managers with unique areas of expertise, your goal is to maximize your capital. Everyone gets a piece of the pie, and within portfolios there’s still more diversification.
When it comes to digital marketing, advertisers are wise to spread their budgets around, but the places to spend in an effective way have dwindled. Over the past few years, fewer and fewer players in online advertising have a piece of the pie–especially those trying to protect consumer information–and advertisers looking for the best conversion rates have increasingly directed their ad budgets to a handful of companies where privacy practices and protections are less than stellar.
In Jeff Bezos’s vision of the future, microwaving a potato is a multi-step, error-ridden, complicated affair.
This much was made clear at a press event in Seattle today, where Amazon unveiled a host of new household products that integrate with the company’s voice assistant, Alexa. In doing so, Amazon succeeded in more than just debuting a voice-controlled microwave. Indeed, in the course of today’s IRL informercial the company managed to do something much more remarkable: give life to the adage that just because you can do something, doesn’t mean you should.
Amazon Storefronts is a new way for small and medium-sized businesses to sell products directly through Amazon. Amazon has established a separate section where it will highlight small businesses, feature curated collections of unique products and provide a platform for an online small business experience. Instead of navigating thousands of online sellers, Amazon wants customers to interact with small businesses and have an intimate, mom-and-pop-shop experience through the online platform.
Amazon is being criticized for appearing to inflate prices as residents of North and South Carolina prepare for Hurricane Florence to make landfall.
Many local grocery and warehouse stores have sold out of basics like cases of water, so some locals have turned online to buy goods to prepare for the storm. What they’ve found is water cases that cost over $20 for a few dozen bottles — far more than their usual cost.
Small businesses who took part in the 36-hour event experienced great numbers. In some cases, small business sales were 10 to 100 times higher than their average day. In an Amazon press release, a few small businesses shared their thoughts as the day was just beginning.
“Prime Day is just getting started for us, but we’re already seeing 10 times our average day sales,” said Kelly Fedio of One Savvy Life,
“We’re having our biggest day ever! So far this Prime Day, we’ve sold 102 times more units than an average day.” said Victor Chang of Furbo.
PRIME DAY, WHICH began Monday, is one of Amazon’s biggest promotions of the year, when the retailer offers deals to subscribers of its Prime service.
This year, some Amazon workers in Europe are striking during Prime Day, hoping to draw attention to working conditions like proposed cuts in wages and health benefits. In solidarity, some consumers have been boycotting the company and its many subsidiaries, like Twitch and Whole Foods.
Amazon Delivery Service Partners is a new program designed to help Amazon scale and meet the growing demand for package deliveries. In 2017, Amazon shipped 5 billion items to Prime members alone, and its operating income increased 20 percent year over year to $2.8 billion. To keep up, the company is seeking “hundreds of entrepreneurs” to start their own delivery companies in the U.S. through Amazon, according to a press release. Over time, Amazon aims for these Delivery Service Partners “to hire tens of thousands of delivery drivers.”