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The Latest Breaking News from Jeff Bezos

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

Benzinga

‘Unstoppable until they aren’t’: are tech market losses signs of a bust?

Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’

The Guardian - US

10 Weirdest Marketing Fails Of All Time: The Edsel, Fat Ethel And Kendall Jenner's Pepsi With A Cop

It seems that everyone has an opinion about how to achieve a successful marketing campaign. Brian Halligan, the co-founder and executive chairman of HubSpot (NYSE: HUBS), once opined, “It's not what you sell that matters as much as how you sell it.”

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Bezos Slams Biden Over Inflation Tweet, Says Disinformation Board Should Fact Check President's Tweet

Amazon.com, Inc (NASDAQ: AMZN) Executive Chairman Jeff Bezos on Friday attacked President Joe Biden for his recent tweet on inflation and corporate taxation. On Friday, Biden tweeted about curtailing inflation by taxing large corporations in the U.S.

Benzinga

Bezos, Biden spar about inflation on Twitter

Amazon.com Inc founder Jeff Bezos on Friday accused United States President Joe Biden of “misdirection” on Twitter in response to the US leader’s tweet saying inflation could be tamed by making wealthy corporations “pay their fair share.”

Bangkok Post

Shareholder: Amazon's 'astronomical' misuse of customer data could ruin company

Taking a new approach to bringing attention to how Amazon uses individuals' data, a shareholder is suing Jeff Bezos, Andy Jassy and 17 other Amazon leaders he claims knowingly allowed the company to violate state laws.

Tribune News Service

It’s a bad year to be fantastically rich

Five billionaires — Elon Musk and Jeff Bezos among them — have each lost more than $50 billion this year alone.

Axios

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This Billionaire Won $8M Bid For A Seat On Blue Origin's Space Flight — But He Won't Be Making The Trip

Hedge fund Citadel's founder, Ken Griffin, successfully bid for a seat on the New Shepard capsule of Jeff Bezos-founded Blue Origin but will reportedly not be part of its trip to space.

Benzinga

Amazon's Jeff Bezos Now Follows Doge Co-Founder Billy Markus On Twitter: Is Something Cooking?

A development that was reported over the weekend sent the Dogecoin (CRYPTO: DOGE) community into a tizzy.

Benzinga

Amazon union takes fight to the C-suite

As union fights for contracts, big pension funds with billions in Amazon stock plan an assault on corporate board

Salon

Morgan Levine: ‘Only 10-30% of our lifespan is estimated to be due to genetics’

The Yale scientist explains her research into biological and chronological age – and why she’s joined a $3bn startup funded by the likes of Jeff Bezos

The Guardian - UK

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

Evening Standard

A bit rich? Billionaires’ climate efforts draw scepticism, praise

Mega-rich figures such as Andrew Forrest spend billions on climate change solutions while adding to carbon emissions.

Al Jazeera

If Amazon wants to be the 'Earth's best employer' it needs to listen to employees

In his farewell letter to shareholders last year, Amazon CEO Jeff Bezos announced a new mission for his company: “Earth’s best employer and Earth’s safest place to work.” The company has since added these goals to its list of corporate values.

The Conversation

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The Walrus

A War on the Rich? A New Book Aims to Dispel Anger toward Affluence

We shouldn’t criticize the 1 percent, In Defence of Wealth insists—we should thank them

The Conversation

Elon Musk's bid to take over Twitter recalls the robber barons of the 19th century

Pundits, academics and members of the public have criticized Elon Musk’s successful bid to acquire Twitter. Some Twitter users have even considered leaving the platform.

The Guardian - UK

‘Extra level of power’: billionaires who have bought up the media

Elon Musk joins a list of men to use their wealth in the hope of extending their political influence

Reason

Why a Wealth Tax Is a Bad Idea

Billionaires are better at figuring out what to do with their money than the government will ever be.

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news in one place.

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Benzinga

Jeff Bezos-Backed Rental Property Investment Platform Crashes After Investors Flood Site For Newest Batch Of Offerings

The real estate investment platform Arrived Homes had its latest batch of rental properties scheduled to be released at 11:00 AM EDT today, but the rush of new investors eager to buy shares of the new properties caused the website to crash just minutes after the launch.

France 24

What Elon wants: Is Twitter buyout a victory for free speech or disinformation?

A victory for free speech or for disinformation? That's the $44 billion question after Elon Musk's swoop on Twitter. Does it matter any more than Amazon's Jeff Bezos owning The Washington Post or all the French captains of industry whose often money-losing media purchases buy them a platform to voice…

The Independent UK

Voices: Why has Elon Musk — the purported champion of free speech — blocked me on Twitter?

It’s not only journalists. Musk has also blocked Public Citizen, a Washington DC-based nonprofit watchdog group that says it has been ‘standing up to corporate power and holding government accountable for 50 years’

Salon

Musk could exploit your Twitter data

"Musk’s desire in buying Twitter goes beyond a desire to control and shape public discourse," expert warns

Daily Record

Critics slam Elon Musk over Twitter purchase instead of 'curing world hunger'

Elon Musk paid $44bn to purchase Twitter, which is nearly as much as the $44.9bn assigned by the Biden administration to tackle climate change

The Conversation

Elon Musk and the oligarchs of the 'Second Gilded Age' can not only sway the public -- they can exploit their data, too

During the Gilded Age of the late 19th century, and the early decades of the 20th century, U.S. captains of industry such as William Randolph Hearst and Jay Gould used their massive wealth to dominate facets of the economy, including the news media. They were, in many ways, prototype oligarchs…

Benzinga

7 Corporate Titans Who Took Over Media Companies: Adelson, Bezos And More

As opposed to expectations for a drawn-out soap opera, it took just three weeks for Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk to force the Twitter Inc. (NYSE: TWTR) board into yielding.

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