Latest News, Updates & Breaking Headlines
MacKenzie Scott, the ex-wife of Amazon co-founder Jeff Bezos, has reduced her stake in the e-commerce company, cutting her holdings by nearly 42% to $12.6 billion, according to a regulatory filing with the SEC filed Tuesday and dated September 30. Many of Scott’s recent philanthropic efforts have focused on diversity, equity and inclusion (DEI) initiatives….
Amazon is reportedly set for another round of layoffs. According to a report in Fortune, the ecommerce giant is preparing to cut as much as 15% of its Human Resources (HR) staff. There are also additional layoffs reportedly planned in other divisions. The report quotes multiple sources said to be familiar with the Amazon layoff…
Get ready for an edge-of-your-seat experience as Lakshmi Manchu’s gripping crime thriller ‘Daksha’ makes its digital debut. Watch as Manchu steps into the shoes of CI Daksha, a tenacious investigator unraveling a web of murders that could expose a dangerous criminal organization. Lakshmi Manchu‘s latest release, ‘Daksha’, which hit the theatres on September 19, is…
File photo: Amazon founder Jeff Bezos Amazon founder Jeff Bezos’ ownership in the e-commerce platform has declined to 9%, following a series of stock sales over the past years. In a new filing with the US Securities and Exchange Commission, the tech billionaire now holds 964.3 million shares of Amazon with sole voting power, and…
Amazon fired Ahmed Shahrour, a software engineer working for the company’s Whole Foods division in Seattle, on Monday following a five-week suspension, according to CNBC. The termination came after Shahrour posted messages on internal Slack channels criticising Amazon’s involvement in Project Nimbus, a $1.2 billion cloud computing contract with the Israeli government.“In the next 24hrs…
Oyo founder Ritesh Agarwal Oyo founder Ritesh Agarwal has now credited Amazon founder Jeff Bezos for helping him shape his approach and business strategy. Agarwal revealed the one quote by Bezos which inspired him, ‘Hope is not a plan’. In a recent interview post shared by Agarwal on his Instagram handle, he emphasised that structured…
Amazon has fired a 29-year-old Palestinian engineer who protested against the e-commerce giant’s ties to the Israeli government. Ahmed Shahrour was among a group of seven current and former tech workers who occupied Microsoft President Brad Smith’s office in August this year. According to a Bloomberg report, Ahmed Shahrour worked as a software engineer in…
Brazil hopes COP30 in Amazon can unite world for climate action BRASILIA: Brazil is betting its much-hyped climate summit in the Amazon next month can deliver something increasingly rare in a fractured world: proof that nations can still unite to confront a global crisis.It faces tough odds, with a hostile United States unlikely to show…
Major technology companies suffered their worst single-day losses since April last week, with Amazon, Nvidia and Tesla leading a $770 billion wipeout in market capitalisation following President Donald Trump‘s threats of increased tariffs on Chinese goods. According to a report by CNBC, shares of Amazon, Nvidia and Tesla each dropped approximately 5% during October 10…
Amazon founder Jeff Bezos who has a net worth of around $240 billion, once described himself as a ‘lottery winner’ and emphasised on the moral obligation which comes with extraordinary wealth. In a 2001 interview, Bezos shared his thoughts on philanthropy, calling it a challenge equal to building a fortune. “If you are a lottery…
