Browsing: Amazon.com

World
US tech stocks take a pounding

A crack has finally formed in the foundation of the US bull market. Now investors must decide if any structural damage has been done. This year’s hottest stocks, companies from Facebook and Apple to Netflix and Nvidia, buckled

World
Amazon powers through $1 000/share

Amazon.com’s shares topped US$1 000 for the first time on Tuesday, marking a new milestone for a company wooing investors by dominating online commerce and cloud computing. Amazon shares hit $1 001,20 in New York

News
Naspers to pump R1bn into Takealot

JSE-listed media and e-commerce giant Naspers has announced it will invest R960m in South African e-retailer Takealot Online – which owns Takealot.com and other assets – in the process taking a majority stake in the company. In a statement

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Jeff Bezos now world’s second richest person

Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second richest person. Bezos, 53, added US$1,5bn to his fortune as Amazon.com rose US$18,32 on Wednesday, the day after the

News
Naspers sells to Amazon

Amazon.com has agreed to buy Dubai-based online retailer Souq.com, whose shareholders include Naspers and Tiger Global Management, betting that e-commerce in the Middle East is poised to take off. The US e-commerce

News
Amazon set to pounce on Naspers’s Souq.com

Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according

News
Naspers may sell Souq stake to Amazon

Amazon.com is weighing a bid for a stake in Dubai-based online retailer Souq.com as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake

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How Amazon’s delivery drone works

The unusual look of Amazon’s delivery drone combines elements of both fixed-wing aircraft, such as traditional passenger aeroplanes, and rotocraft such as helicopters, in a design that looks like neither. But despite its unusual looks, the boxy drone has been designed

In-depth
Amazon at 20: how it changed publishing

It has been 20 years since Amazon sold its first book: the titillating-sounding Fluid Concepts and Creative Analogies, by Douglas Hofstadter. Since then publishers have often expressed concern over

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