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As Jeff Bezos works hard to grow e-commerce giant Amazon, MacKenzie Bezos is quietly reaping the benefits. During the divorce settlement last year, MacKenzie had to make a choice that would dictate her fortunes. MacKenzie’s brilliant decision has made her the 17th richest person on the planet in this time of crisis. It’s no secret…
Some people think that the U.S. Postal Service won’t survive the coronavirus pandemic. While they’re in such a vulnerable place, opportunistic CEOs like Jeff Bezos could try to acquire them. What would that mean for the USPS and us? The U.S. Postal Service (USPS) has been in crisis mode for decades. Many news outlets seem…
Jeff Bezos unloaded $4 billion worth of Amazon stock last week. Rumor has it, Bezos and girlfriend Lauren Sanchez are shopping for a swanky L.A. house. But he doesn’t need $4 billion even for a mega mansion. He’s taking profits while Amazon stock is inflated beyond all reason. AMZN’s insane P/E ratio of 90 is…
The WWE is reportedly mulling the sale of its streaming rights. One analyst believes Amazon would be an excellent buyer. The WWE has grown immensely in the last few years. But the stock has run into trouble due to management squabbles. If Amazon buys streaming rights to the WWE, that could open the door for…
Amazon’s order of 100,000 electric delivery vans is the largest ever in the EV market. In a recent tour of India, Jeff Bezos announced 10,000 e-rickshaws. Why has Amazon completely ignored the world’s best-known EV brand – Tesla? Tesla’s (NASDAQ:TSLA) Elon Musk and Amazon’s (NASDAQ: AMZN) Jeff Bezos have always had a rivalry of sorts.…
Sen. Bernie Sanders went after Amazon as the company’s valuation swelled on strong holiday sales numbers. The stock surge over consumers’ robust Christmas shopping splurge has made founder and CEO Jeff Bezos the world’s richest again. But the populist Democratic candidate for president wants to see Amazon pay more than $0 in federal income taxes…
Jeff Bezos now holds a slim lead over Bill Gates after record holiday sales boosted Amazon. Amazon’s stock price is still below its 2018 high of $2050 though giving Bezos a chance at a more comfortable lead. The holiday sales boom came despite a shorter period for shoppers. After being the world’s second-richest person for…
Amazon founder Jeff Bezos had an awful week, at least for a billionaire. First, he lost his title as the world’s richest person to Bill Gates. As if that wasn’t enough, Microsoft – the company that made Gates the world’s wealthiest man – beat out Amazon for a mammoth government contract. It’s been a tough…
