Tag Archives: business

Amazon may offer hand recognition payments to other stores

Amazon’s rumored hand recognition payment tech might be useful beyond paying for produce at Whole Foods. Wall Street Journal sources say the company is developing hand-based checkout terminals that it would sell to “coffee shops, fast-food restaurants” and other stores that tend to have repeat customers, not just Whole Foods.

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Jeff Bezos accuses the National Enquirer of ‘extortion and blackmail’

Nearly a month after the National Enquirer published a story about Amazon CEO and Washington Post owner Jeff Bezos’ relationship with TV host Lauren Sanchez, Bezos has accused the outlet, its owner AMI and leader David Pecker of blackmail. Continue reading Jeff Bezos accuses the National Enquirer of ‘extortion and blackmail’

Nas’ Queensbridge Venture Partners Sells Pluto TV to Viacom for $340 Million

Nasty Nas‘ pockets just got filthier. On Tuesday (Jan. 22), Businesswire announced that media tyrant Viacom has agreed to a definitive deal with Nas’ Queensbridge Venture Partners to acquire their Pluto TV streaming service for $340 million.  Continue reading Nas’ Queensbridge Venture Partners Sells Pluto TV to Viacom for $340 Million

Tesla replaces Elon Musk as board chair with Telstra CFO Robyn Denholm

As part of his settlement with the SEC over tweets about taking Tesla private, Elon Musk agreed to step down from his post as chairman of the board of directors. Now, while he’s still CEO and retains his seat on the board, Tesla has announced his replacement: Robyn Denholm. Already a Tesla board member, she is currently CFO and head of strategy for the Australian telecom Telstra, but will leave that post once her six-month notice period is up to serve as board chair of Tesla full-time. Continue reading Tesla replaces Elon Musk as board chair with Telstra CFO Robyn Denholm

Amazon is the latest $1 trillion tech company

Apple’s status as the only public trillion-dollar company didn’t last long. Amazon has been flirting with a $1 trillion market cap throughout trading on September 4th, passing the symbolic milestone in the morning. It reached the figure through a relatively recent surge, CNBC pointed out. While Apple reached $900 billion eight months earlier, Amazon’s stock price has been climbing steadily throughout most of 2018 and has thrived since a record-setting Prime Day in July.

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