Amazon buys PillPack, an online pharmacy, for just under $1B

According to PitchBook, PillPack was last valued at $361 million after a round of funding in 2016.This deal is expected to close in the second half of 2018. The move (and that reported valuation hike) signal how heated the e-health market is becoming, and also how Amazon views it as a key frontier in its […]

Amazon confirms that Echo device secretly shared user’s private audio

Amazon confirmed an Echo owner’s privacy-sensitive allegation on Thursday, after Seattle CBS affiliate KIRO-7 reported that an Echo device in Oregon sent private audio to someone on a user’s contact list without permission. Danielle next asked exactly why the device sent recorded audio to a contact: ‘He said the device guessed what we were saying.’Danielle […]

Apple made more profit in three months than Amazon has generated in its lifetime

One word may explain Warren Buffett’s investment decisions on Apple and Amazon: profit.Last week Buffett both lamented on not investing in Amazon shares and revealed how he added massively to Berkshire Hathaway’s stake in Apple. The Oracle of Omaha’s moves may be explained by his philosophy of emphasizing a company’s historical financial track record versus […]

Amazon Takes Fresh Stab at $16B Housekeeping Industry

Now Amazon is quietly hiring house cleaners in Seattle as direct employees. The online retailer is swapping the low cost of contract workers for the greater control of employing its own people. Doing so puts it on the hook for things like minimum wage, workers compensation and overtime pay. But it also lets Amazon determine […]

Amazon looks at dropping packages from as high as 25 feet

It’s not that drones get tired. It’s just that if they’re delivering your box of cat food and low-rise socks, dropping down to put them on your patio, and then flying back up for the next delivery takes power they need to conserve. Source: mercurynews

‘Not welcome here’: Amazon faces growing resistance to its second home

That proposition has united an ideologically diverse group of dissenters to Amazon’s grand HQ2 competition, ranging from rightwing organizations linked to the Koch brothers to the Democratic Socialists of America (DSA). Groups and individuals that would normally agree only to mutual disdain and distrust have somehow come around to the same conclusion: that Amazon’s decision […]

How Amazon Became Corporate America’s Nightmare

It sells soap and produces televised soap operas. It sells complex computing horsepower to the U.S. government and will dispatch a courier to deliver cold medicine on Christmas Eve. It’s the third-most-valuable company on Earth, with smaller annual profits than Southwest Airlines Co., which as of this writing ranks 426th. Chief Executive Officer Jeff Bezos […]