Tagamazon

Jeff Bezos Gets a $38 Billion Haircut This Week with Divorce Finalized

Jeff Bezos, Amazon

After being married to Jeff Bezos for 25 years, MacKenzie Bezos is expected to walk away with a divorce payout of nearly $38 billion this week after the settlement she reached with her soon-to-be ex is rubber-stamped by a judge. This roughly translates into $1.52 billion for every year she was married to the Amazon CEO and chairman. Per their divorce settlement reached in April, MacKenzie will...

Amazon Claps Back at AOC Over 'Starvation Wages' Accusations

AOC, Amazon

By CCN Markets: There’s nothing more entertaining than a socialist trying to debate a capitalist. Actually, the one thing more entertaining is watching Alexandria Ocasio-Cortez, aka AOC, aka Jar Jar Binks debating Amazon.com AOC Tries to Play with the Big Kids On ABC's "This Week", AOC said: “I spend more time thinking about Amazon warehouse workers…if you’re average Amazon worker is making a...

Amazon & Alibaba Trade Blows in War for China's E-commerce Throne

amazon CEO Jeff Bezos, Alibaba founder Jack Ma

Trade war or not, Amazon intends to challenge Alibaba's dominance in China's e-commerce industry. The Jeff Bezos-led company is on a hiring spree in China. Not to be outdone, Alibaba plans to raise up to $20 billion through a listing in Hong Kong. By CCN Markets: The war for China's e-commerce marketplace is heating up, and it may result in a clash between two titans of industry: US powerhouse...

Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip

andrew yang, amazon, bill maher

By CCN Markets: Democratic presidential candidate Andrew Yang appeared on the Bill Maher show over the weekend. He discussed his Universal Basic Income (UBI) plan in detail, suggesting that big tech companies including Amazon could foot the bill. The clip is taking off, with more than 300,000 YouTube views already: Yang has been promoting giving Americans money by taxing big tech companies. With...

Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

walmart and amazon

By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want...

FANG Stocks to Get Pummeled by Escalating DOJ Antitrust Probes

DOJ

By CCN: How bad will things get for the FANG stocks amidst the DOJ antitrust probe? Bad. Worse than it already has been. I expect 30% downside for Facebook, Amazon, and Google stocks, and they will bring down Netflix and Apple. Donald Trump Goes Full Pitbull The DOJ probe is entirely political. Google, Facebook, and Twitter have been censoring conservatives. The instances of blocks, bans, shadow...

50% Stock Surge Will Launch Amazon to a $1.3 Trillion Valuation: Analyst

amazon stock, jeff bezos

By CCN: Billionaire Jeff Bezos should buckle up because Amazon stock will surge 50% over the next year to top $2,750 a share. That's the bold prediction of Michael Levine, a senior analyst with New York equity-research firm Pivotal Research Group. Analyst: Amazon's Valuation Will Soar to $1.35 Trillion Levine's bullish Amazon price target is well above the second-highest forecast of $2,500 by...

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