Hope you’ve had a good week so far. Welcome to our weekly roundup of the top five Amazon news stories of the week.
Amazon boss Jeff Bezos and wife MacKenzie to divorce: Reuters via The Guardian reports that Amazon CEO Jeff Bezos and his wife MacKenzie Bezos have decided to divorce after a long trial separation, Bezos said on Wednesday in a joint statement by the couple on Twitter. Amazon again became Wall Street’s most valuable company this week, surpassing Microsoft. Bezos’s fortune has soared to more than $160bn, thanks to his stake in Amazon. Continue reading…
CES 2019 – Amazon and Google Assistant carve up tech expo: Chris Baraniuk and Leo Kelion at BBC News reports that at CES, there’s no shortage of gadgets to talk to. Smart TVs, cars, pianos – and even a toilet – these are just some examples of devices that come with voice-activated helpers. No matter who makes the hardware, the virtual aide linked to or packaged inside is likely to be one of two: either Amazon’s Alexa or Google Assistant. Continue reading…
Amazon confirms it pays UK business rates of only £63.4m: Sarah Butler at The Guardian reports that Amazon has confirmed it pays UK business rates of only £63.4m. In written evidence to a parliamentary inquiry, the online specialist said its UK sales amounted to £8.77bn and it paid business rates on about 94 buildings and on a number of locker sites in the UK. The figures indicate that business rates amount to less than 1% of Amazon’s sales compared to 2.5% for Next, 1.8% by Marks & Spencer and nearly 3.5% by Debenhams. Continue reading…
Amazon is now the most valuable company on the planet: Paul R La Monica at CNN reports that Amazon is the most valuable company in the world. It passed Microsoft on Monday to take the top spot. Amazon’s stock rallied another 1% Tuesday and the company is now worth nearly $810 billion, compared to about $790 billion for Microsoft. Amazon is up 10% already this year. And Bezos, thanks largely to his 16% ownership stake in Amazon, is worth about $135 billion. Continue reading…
Amazon launched a new cloud service that’s sending MongoDB shares down: Jordan Novet at CNBC reports that shares of MongoDB were down about 10% on Thursday after Amazon introduced cloud-based database software that represents direct competition. In its quest to grow larger, parts of Amazon — currently the world’s most valuable public company — have at times ended up competing with certain business partners. That has happened before in the market-leading Amazon Web Services business, and that pattern is continuing. Continue reading…
Bonus: The Resellers Guide to FBA: February
Quote of the week:
“You can’t go back and change the beginning, but you can start where you are and change the ending.”
C.S. Lewis, Author
Have a great weekend!
