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In fact, I predict one day Amazon will fail. Amazon will go bankrupt, said Jeff Bezos HIGHLIGHTS Amazon recently announced it would build 2 new headquarters in the US. Prior to the announcement, Jeff Bezos had a meeting with employees at Amazon’s Seattle headquarters At the meeting on last Thursday, Bezos talked about the company's future. Earlier this week, Amazon announced that it would build its headquarters in New York's Long Island City area and the Virginia suburbs of Washington DC. But just before the company announced its multi-million dollar projects that is bound to bring more than 25,000 jobs in both the cities, Amazon founder Jeff Bezos had a separate meeting with his employees at the company's headquarters in Seattle where he was asked some tough questions about the company's direction going forward. In the meeting that took place last Thursday, a Amazon employee asked Bezos about the company's future. The employee, as  CNBC...

Both Flipkart and Amazon are offering big discounts and cashback offers on smartphones from Xiaomi, Apple, Samsung, Motorola, Nokia, Honor, and many others.  HIGHLIGHTS Both Flipkart and Amazon are offering big discounts and cashback on smartphones. Flipkart is offering a flat discount of Rs 2,000 Redmi Note 5 Pro. If you want an iPhone under Rs 15,000, Flipkart has the best ever offer for you. The festive season sales are on and they are bringing big discounts on products across various categories including the smartphone segment. Flipkart is hosting the Big Billion Days sale while Amazon is up with its biggest sale of the year aka Great Indian Festival sale. The Flipkart sale kicked off on Oct 10 and will continue till Oct 14, the Amazon sale, on the other hand, started a day early for the Prime members on Oct 9 and will continue until Oct 15. During the sale, smartphones are available at the lowest ever prices. Both Flipkart and Amazon are offer...

Apple made its discovery of suspicious chips inside Supermicro servers around May 2015, after detecting odd network activity and firmware problems, according to a person familiar with the timeline. Amazon in its three-year secret investigation uncovered the malicious chips while examining servers manufactured by a start-up called Elemental technologies, which Amazon eventually acquired. Bloomberg  reported that China had inserted tiny chips into computer equipment manufactured for about 30 US companies, including Apple and Amazon, to steal its technology secrets, citing government and corporate sources. The report further said that the chips were used in equipment made for various US companies and government agencies. According to  Bloomberg,  Amazon in its three-year secret investigation uncovered the malicious chips while examining servers manufactured by a start-up called Elemental technologies, which Amazon eventually acquired Bloomberg  ...

In 1999, Amazon—then merely “ Earth’s biggest bookstore ” rather than a corporate beast that shall soon devour everything in its path—introduced and patented one-click payments. This was in the early days of e-commerce when people were fearful of sending their credit-card details online. One-click processing allowed the startup to keep customers’ billing details on file so that they could make instant purchases. That feature quickly came to Apple in 2000 in one of the earliest versions of its online store. “Licensing Amazon.com’s 1-Click patent and trademark will allow us to offer our customers an even easier and faster online buying experience,” Steve Jobs said at the time. A Wired magazine oral history of Infinite Loop, Apple’s corporate offices in Cupertino, California for most of its existence, tells the behind-the-scenes story of that decision. It was made with the usual gusto that Jobs—back at Apple for three years after having been thrown out of his own com...

Gain in his net worth more than FedEx’s market capitalization Amazon briefly became America’s second trillion-dollar company Jeff Bezos   Photographer: Matthew Staver/Bloomberg SHARE THIS ARTICLE  Share  Tweet  Post  Email In this article AMZN AMAZON.COM INC 2,012.71 USD +0.00 +0.00% FDX FEDEX CORP 241.24 USD -2.71 -1.11% GOOGL ALPHABET INC-A 1,214.63 USD -17.17 -1.39% DIS WALT DISNEY CO 111.21 USD -0.81 -0.72% FOXA TWENTY-FIRST C-A 45.37 USD -0.03 -0.07% Amazon.com Inc.  briefly became America’s second trillion-dollar company on Tuesday after adding $434 billion to its market cap this year. No one has benefited more than founder  Jeff Bezos , who has added $67 billion to his fortune this year, giving him a $167 billion net worth on the  Bloomberg Billionaires Index  as of 12:30 p.m. in New York on Tuesday....

Amazon is celebrating its fifth anniversary in India The company is giving a cashback worth Rs. 250 CEO Jeff Bezos posted a letter addressing Indian customers Celebrating its fifth anniversary in India,  Amazon  is giving Amazon Pay cashback worth Rs. 250 to customers spending Rs. 1,000 or more on its online marketplace. CEO  Jeff Bezos  posted a letter on the Amazon India site to announce the new offer. The Seattle, Washington-based company launched the online marketplace in the country back in June 2013. After the initial success of the online marketplace, the company brought the Amazon Prime paid subscription service, Amazon Prime Video, Alexa voice assistant, and Amazon Music. The arch-rival of Walmart-backed Flipkart is reported to have a valuation of $16 billion (nearly Rs. 1,07,000 crores) with a market share of 30 percent - identical to the share owned by the homegrown e-commerce company. ...

Image: via Amazon upso Amazon has been granted a pair of patents for a wristband that can pinpoint the location of warehouse employees and track their hand movements in real time. The patents,  first spotted by  GeekWire , describe an inventory management system comprised of trackers and receivers used to monitor workers’ performance. The  original patents  were both filed back in 2016 but were granted on January 30th. The proposed system includes ultrasonic devices placed around the warehouse, the wristbands themselves, and a management module that oversees everything. The wristbands also feature an ultrasonic unit that’s used to track where the worker is in relation to any particular inventory bin. If their hands are moving to the wrong item, the bracelet will buzz. Image: Amazon via uspo While the patent describes this tech as a time-saving system, tracking workers in this way seems dystopian. That’s especially true for Amazon, a company that has been accused of ...

Want Free Amazon Prime Membership For A Year? Here's How Bharti Airtel has tied up with e-commerce major Amazon India to offer one-year of Amazon Prime membership to its postpaid customers who subscribe to Airtel Infinity plans for Rs. 499 and above. Bharti Airtel, the country's largest telecom company said that both new and existing Airtel postpaid customers will get a one year Amazon Prime membership (worth Rs.999) free of cost, which includes unlimited access to Amazon Prime Video, Airtel said in a statement. Airtel postpaid subscribers will also have access to over 11 million Prime eligible products, early and exclusive deals, special discounts and more, while shopping on Amazon.in. "We are thrilled to come together with Airtel to make Amazon Prime benefits directly available to more customers," said Akshay Sahi, Director and Head of Amazon Prime India. "This move enables seamless access to Amazon Prime for Airtel Postpaid customers, providing a world of new ...