By Entrepreneur Staff Amazon and Blue Origin founder Jeff Bezos is no longer the richest man in the world—and not just because he’s invested in spending more time off the planet. His net worth tumbled $13.9 billion in one day when Amazon’s stock price fell 7 percent last week after the company reported second-quarter growth…
Amazon Unionization Election Should be Done Over, Labor Officer Recommends
The failed effort to unionize at an Amazon warehouse in Alabama may be revived after a federal officer recommended this week that a new vote take place. In a report obtained by The Epoch Times, a National Labor Relations Board (NLRB) officer said that evidence backs up claims by the Retail, Wholesale, and Department Store Union that…
Amazon Hit With Record EU Data Privacy Fine
Amazon.com Inc has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc’s GDPR rules, as privacy regulators take a more aggressive position on enforcement. The Luxembourg National Commission for Data Protection (CNPD) imposed the fine on Amazon in a July 16 decision,…
Amazon Denies That It Will Accept Bitcoin as a Form of Payment
By Entrepreneur Staff Last week, Amazon ran an ad saying it was looking for a cryptocurrency expert without giving much more information. “The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s blockchain and digital currency product strategy and roadmap,” reads the job listing, which can be read here. With…
How to Challenge Big Tech Censorship–Rep. Buck, Rep. Steube, Mercedes Schlapp, and Harrison Rogers
July 17, 2021
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From Trump’s recent class-action lawsuits to antitrust legislation, what are the different legal avenues currently in play to challenge Big Tech? And what can the average person do to deal with big tech censorship? At the CPAC conference in Texas, American Thought Leaders sat down with ACU Foundation Senior Fellow Mercedes Schlapp, Rep. Ken Buck…
US Regulator Sues Amazon, Demands Recall of Hazardous Products
The U.S. Consumer Product Safety Commission (CPSC) said on Wednesday it has sued Amazon.com Inc to force the retailer to recall hundreds of thousands of hazardous products that it had distributed on its platform. By a 3–1 vote, the CPSC voted to file an administrative complaint saying the Seattle-based e-commerce giant was legally responsible to…
Amazon Restores Service After Global Outage
Amazon said its online stores had returned to normal services after a global outage disrupted shopping on its country sites. According to outage monitoring website Downdetector, services were disrupted for nearly two hours and at the peak of the disruption, more than 38,000 user reports indicated issues with Amazon’s online stores. They occurred on Sunday…
If the Cyber-Scammer Says ‘I’m With the Brand,’ You Could Be a Prime Sucker
The email smelled as bad as week-old fish: It was a screenshot of a $1,000 cellphone I had supposedly bought on Amazon. I quickly checked my Amazon account. No purchase was recorded. Then I checked my credit card account. Ditto. This was clearly a scam and the real action was the “Amazon” order number and…
Judge Ends Amazon Challenge to $10 Billion Cloud Contract After Pentagon Cancellation
WASHINGTON—A judge on Friday dismissed Amazon.com‘s legal challenge to the Defense Department’s 2019 decision to award a $10 billion JEDI cloud-computing project to rival Microsoft Corp after the Pentagon canceled the contract. Amazon.com had accused then-President Donald Trump, alleging that the former president exerted improper pressure on military officials to steer the contract away from…
Pelosi’s Husband Bought up to $11 Million of Big Tech Stocks
House Speaker Nancy Pelosi’s (D-Calif.) husband bought up to $11 million worth of Big Tech stocks stocks in May and June, according to a financial disclosure form filed July 2 and signed by the Democratic leader. Paul Pelosi, who owns and operates a San Francisco-based real estate and consulting firm, bought 4,000 shares of Alphabet on June 18 at a strike price of $1,200,…
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