Ever since it became fashionable to trash Groupon (and it has become VERY fashionable), the response from the company's supporters has been that it's "the next Amazon."
Amazon was subjected to the same knee-jerk skepticism and hate for much of the late 1990s, Groupon supporters point out.
Szulczewski doesn't want or need any. When we first reached out to Szulczewski in December 2014, Szulczewski wrote that he was "both humbled and a bit surprised" to find himself on Business Insider's radar since both he and the company "try to keep a very low profile."Maybe you haven'theard of the five-year-old e-commerce startup, Wish. But all the major e-commerce players have.
Deal of the Day, Gold Box Deals and Kindle Daily Deals."Amazon will shut down its "daily deals" site Amazon Local on December 18, 2015, according to its website . Any vouchers you have already bought won't be affected by the change, and you'll be able to purchase deals as you normally would until the shutdown date.
mass-market, mass-merchandise online retailer thatpeople will actually pay to join, it needs tobe an "everything store" just like Amazon. And that's not easy."If they think that partnering with Jet will help them sell inventory that they otherwise wouldn't have sold, then they'll do it. But they've been investing in their own assets in fulfillment and ecommerce.
The Journal reports that Jet hasn't closed the round of funding, which could be as much as $550 million when it's finally complete. Fidelity is in talks to contribute a $90 million investment, leading the round.And it sounds like Jet needs the new cash infusion.The startup is bleeding money.
Jeff Bezos first saw his original plan to win market-share in India after it entered the country in 2013, hethought it seemed too methodical and precise."I don't need computer scientists in India," Bezos told Agarwal. "I need cowboys."India's ecommerce market is so attractive to Amazon is because it's growing like crazy.Winning market-share inIndia is one of Amazon's biggest challenges right now .
In about a year and a half — ever since Jeff Bezos, Amazon’s chief executive, unveiled one — drones for consumer use seem to have proliferated everywhere. Quentin Hardy and Vindu Goel wrote this year about how Facebook is building a V-shaped unmanned vehicle called Aquila to help connect people to the Internet. In China, a drone maker, DJI, has been valued at about $8 billion.
The hard-charging white-collar culture at Amazon, which was chronicled by Jodi Kantor and David Streitfeld over the weekend, has sparked numerous online debates about the company.Ezra Klein at Vox wrote that “the real workplace scandal” remains Amazon‘s blue-collar workers, the ones who work at the company’s network of warehouses, and the conditions in which they toil.
Facebook’s chief executive, Mark Zuckerberg, said he planned to take two months of paternity leave after his daughter is born this year, amid a debate about work-life balance at technology companies.In a post on Facebook on Friday, Mr.
Whether you want to call it a bubble or not,the tech industry is booming. At last count there were 114 privately held companies with valuations of $1 billion or more — often called unicorns. Some, such as Uber and Airbnb, are worth tens of billions of dollars.For the tech industry, these are heady times. But economies and industries usually move in cycles. At some point the party has to end.
Amazon launched Amazon Handmade Thursday, a new marketplace for artisanal and handcrafted goods.That puts Amazon Handmade squarely in competition with another artisanal goods marketplace Etsy.Given Amazon’s market size, it’s a major potential threat to the $1.5 billion company that just went public in April. Amazon has roughly 285 million active customers versus Etsy’s 22 million.
For many young companies, the potential of being valued at $2.9 billion by Wall Street investors would be a good thing. But when you already have been valued by private investors at $6 billion — at least on paper — it might be a bit of a comedown.
Amazon's ambitions for gaming apparently go quite a bit beyond the mobile space and"hit" consumer hardware. The e-commerce juggernaut is looking for folks to help flesh out the development team of its first PC game and placed ajob posting onGamasutrain an effort to make that happen.
Here's a fun activity for a lazy Saturday: Look and see what your first-ever Amazon purchase was. Mine was in late November 1999. I apparently ordered the first two books in KA Applegate's Everworld series of young adult novels, plus a copy of Monty Python's Life of Brian on VHS.
Amazon has wanted to become a major force in the video game scene for years . And now, it's hired a dream team of video game developers who are working on " an ambitious new PC game project using the latest technology," it says. The company revealed this information in a series of recruiting ads on video game site Gamasutra . It's looking to hire more developers.
Evidence suggests that Amazon is planning a brick-and-mortar bookstore in University Village, a shopping mall in Seattle. Shelf Awareness, a newsletter about the book industry, reports that Amazon has been rumored to be looking at a spot in the mall ever since Barnes & Noble vacated in 2012.
Amazon doesn't offer its employees a terribly good 401(k) retirement savings plan, according toananalysis of the plan by Bloomberg. Bloomberg even calls theplan "pretty brutal." That's a reference to a recent report in the New York Times that blasted Amazon'swork environment, calling it "bruising.
Amazon, a company once notorious for eschewing popular perks, from free snacks to paid paternity leave, announced this week a shift in policy for its employees, including those working in its fulfillment centers and customer service. Starting in 2016, the online retailer will offer 20 weeks of paid leave to new birth mothers and six weeks to other parents, including fathers.
Amazon just announced a video streaming perk that Netflix has swornit would never allow. If you're one of the approximately 40 to 60 million people who pay for Prime, Amazon's $99-a-year membership club, you can now download movies and TV shows on your smartphone or tablet for offline viewing.