Browsing: Jeff Bezos

Selloff saps $43bn from world’s richest

Global tensions sparked a market selloff on Thursday that drained $42.7bn (about R575bn) from the net worth of the world’s 500 richest people and knocked founder Jeff Bezos from his spot as the world’s second

For Amazon, being number one has a price has reminded investors that luring shoppers away from stores and dominating the cloud computing industry isn’t cheap. The company on Thursday forecast a potential quarterly loss for the first time in

Is Amazon coming for your industry?

Stock investors have signalled over and over that they’re worried Amazon will steamroll any industry it touches. That’s a fair worry for the most part. However, corporate leaders around the world should not be without hope

Amazon to buy Whole Foods Market for $14bn will acquire Whole Foods Market for US$13,7bn, a bombshell of a deal that catapults the e-commerce giant into hundreds of physical stores and fulfils a long-held goal of selling more groceries. Amazon agreed

Amazon powers through $1 000/share’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

TalkCentral: Ep 175 – ‘How big is your rocket?’

In the latest episode of TalkCentral, Duncan McLeod and Regardt van der Berg ask whether ADSL is dying. Also this week, MTN achieves 400Mbit/s over LTE, rumours about the next iPhone, Jeff Bezos may soon be the world’s richest man and the Nasdaq cracks

Bezos may soon be world’s richest person

A surge in after-hours trading for added US$3,3bn to the fortune of Jeff Bezos, putting him less than $5bn away from becoming the world’s richest person. Bezos saw his fortune surpass $80bn for the first time

AI to fuel Amazon’s growth: Bezos is embracing artificial intelligence to deliver goods more quickly, enhance its voice-activated Alexa assistant and create new tools sold to others through its cloud computing division, CEO Jeff Bezos said in his annual

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Bezos billions fund space project

Internet billionaire and aspiring rocket man Jeff Bezos said he sells US$1bn/year in stock to fund Blue Origin, the company fuelling his dream of sending people into space. “My business model right now for

SpaceX pulls off first reused rocket mission

Elon Musk’s SpaceX flew a reused rocket to space and back again, a key milestone to reducing launch costs and one day enabling people to live on other planets. A SpaceX Falcon 9 rocket rumbled aloft, deposited a customer’s