Amazon is Causing Inequality in the United States hence Imbalance Economy

Amazon company is making its way through rough Covid-19. A combination of technology and entrepreneurship is the reason behind the growth of this company. But it is now receiving negative pressure from top U.S. officials. Amazon has differed from criticism from Elizabeth Warren and Bernie Sanders over its policies. Social media criticism Jeff Bezos got […]
  • Mania Joseph
  • April 26, 2021
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Jeff Bezos, the journey to $200 Billion net worth in 2021

Jeff Bezos is the co-Founder and the chairman of Amazon, the best online shop in the world. He is an American, a technologist, and an entrepreneur. Early Life His father, Ted Jorgenson, was a salesperson at Walmart and his mother, Jacklyn, was a bank-teller. Jeffrey Preston Bezos was born when his mother was a high […]
  • Mania Joseph
  • April 8, 2021
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Jeff Bezos Reaches New Net Worth After A Successful Prime Day

Jeff Bezos, the founder and chief executive officer of Amazon, hit a new net-worth record at $151.4 billion. Following strong sales on Amazon Prime Day, Forbes reported that Bezos’ worth reached its peak during the 36-hour period. Amazon shares increased 1.18% and closed on Tuesday at $1,843.93. In an email with Forbes, a spokesperson stated […]
  • Peter Boyer
  • July 20, 2018
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Google invests in Chinese e-commerce firm JD.com

Google hoping to gain an edge in the e-commerce industry In an attempt to grow its e-commerce arm and combat giants like Amazon and Alibaba, Google and JD.com announced that they will create a partnership. Google announced that it will invest $550 million in the Chinese e-commerce firm. The partnership will combine Google’s technological advancements […]
  • Ben Norman
  • June 20, 2018
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Amazon tightens policy in Australia

Make way for an Amazon-Aussie standoff Starting on July 1st, Australian consumers will face more restrictions from e-commerce giant Amazon. Consumers in Australia will no longer be able to purchase goods from Amazon’s international website (the one that most consumers are used to). They will now only be able to use Australia’s domestic Amazon site. […]
  • Ben Norman
  • June 1, 2018
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Foot Locker shares up 20%

Foot Locker is on the up-and-up, but will it be long-term? The apparel and shoe store saw its shares boost on Friday, after exceeding earnings expectations. Moreover, Wall Street anticipated earnings per share of $1.25. Foot Locker eclipsed this figure by reporting a $1.45 EPS in the first quarter. It also reported $1.9 billion in […]
  • Ben Norman
  • May 28, 2018
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Walmart and Target doing all they can to catch up to Amazon

Can anyone keep up with Amazon? Amazon, which seems unstoppable as a retail giant, continues to grow daily. Brick-and-mortar stores like Walmart and Target are the closest competitors, and even they are struggling to keep up. Walmart, Target, and Kroger are implementing any and all strategies to stop the e-commerce giant. They have raised their […]
  • Ben Norman
  • May 25, 2018
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Adobe acquires e-commerce firm Magento for $1.68 billion

Adobe enters e-commerce industry In order to compete against e-commerce giants Salesforce and Oracle, Adobe bought Magento for $1.68 billion on Monday. This is Adobe’s third-largest deal ever, and it is an important one in expanding their brand. Adobe announced on Monday that they hope to grow their e-commerce platform, creating an end-to-end system with […]
  • Ben Norman
  • May 23, 2018
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PayPal acquires Swedish firm iZettle for $2.2 billion

On Thursday, the online payment system PayPal announced its purchase of iZettle, a mobile-card reader and point-of-sale analytics system, for $2.2 billion. The strategy is twofold for PayPal – first, this helps them breach the brick-and-mortar market by having a mobile card reader that is widely becoming popular in the US due to a similar […]
  • Ben Norman
  • May 18, 2018
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