Amazon CEO Jeff Bezos made a surprise announcement during a segment on 60 Minutes Sunday, saying the company is hoping to deploy drone delivery for items under 5 pounds within 4-5 years. Before the service, dubbed PrimeAir, can take off, however, Amazon first needs to secure FAA approval.
Chief Executive Officer Jeff Bezos showed off the drones, which are in development right now, on 60 Minutes tonight. He claims they could be making 30-minute deliveries in four to five years, though acknowledged that’s a particularly optimistic timeline.
Amazon posted a loss of $41 million this quarter — and $10 million of its was a writedown of the troubled social deals site. Which is actually an improvement.
Amazon.com appears to be down. EVERYBODY PANIC.
“When you’re dying of malaria, I suppose you’ll look up and see that balloon, and I’m not sure how it’ll help you.”
Jeff Bezos just bought The Washington Post for $250 million. It’s certainly not the weirdest investment he — or other techies — have ever made though.
Maybe it was a smart business decision for the Graham family to sell The Post, but it’s worrying for those of us on the local beat.
Washington Post Co. CEO Donald Graham, pictured below with publisher Katharine Weymouth, announced the sale of the Washington Post newspaper to Amazon CEO Jeff Bezos for $250 million, ending 80 years of family ownership. Graham said the family weren’t the best owners for the paper anymore.
When it comes to the media, a mogul is a mogul. No matter where the money came from.
The Washington Post’s Gene Weingarten tweeted “Ungghkh” to describe the response from staff when it was announced that the paper had been sold to Amazon founder Jeff Bezos. But what does it mean?
The CEO of Amazon now owns one of the largest media properties in the world.
The two e-commerce retailers are aggressively trying to undercut each others’ book prices, which is great for consumers but not so much for authors.
Step one: Report quarter that doesn’t meet expectations. Step two: Don’t care about the earnings. Step three: Watch stock reach record high.
The online retailer is pouring money into its new Gilt-esque division that specializes in high fashion clothing. Despite being better known for selling everything from gardening tools to cat trees, it has the fashion industry on edge.
In honor of this morning’s SpaceX docking, here are six of Silicon Valley’s coolest private space programs. To the moon, Elon!