amazon Jeff Bezos U.S. Business News U.S. Market News 

Amazon Lost More Value Since July Than 2.5 Times Tesla’s Market Cap

Amazon stock has lost more value in the past month than the entire GDP of 23 countries and the market cap of 600 other stocks. | Source: (i) Drew Angerer / Getty Images / AFP (ii) Source: REUTERS/Mike Blake; Edited by CCN Amazon stock’s market value fell by a whopping $28 billion in Monday’s stock market slaughter. Since July 18, when Amazon reported its quarterly earnings, it’s market value has declined by $103 billion. Amazon’s fall over the past month | Source: Yahoo Finance How huge is this loss? Let’s…

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amazon Op-ed Steven Mnuchin U.S. Business News 

Treasury Secretary Supports DOJ’s Decision to Probe Amazon’s Monopoly

Treasury Secretary Steven Mnuchin concurred with the DOJ that anti-competitive practices at the big tech companies warrant an antitrust investigation — an idea first proffered by Walmart. In an interview on CNBC, Steven Mnuchin said that while there have been many benefits to Amazon, the company has also destroyed the American retail industry, thereby limiting competition. What is the difference between Amazon’s competition now and Walmart’s in the early 2000s? @BeckyQuick asks Treasury Secretary @stevenmnuchin1 as anti-trust probes into big tech ramp up — Squawk Box (@SquawkCNBC) July 24,…

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amazon Cryptocurrency News Jeff Bezos Libra Mark Zuckerberg 

Jeff Bezos Could Do a Better Job with Libra: ‘Bitcoin Billionaires’ Author

The writing is on the wall that Mark Zuckerberg has completely botched the planned Libra rollout. Even if the digital currency ever sees the light of day, it’s not likely to be within Facebook’s own timetable of 2020. And the coin already has a stigma attached to it thanks to the shellacking that Congress gave David Marcus, Zuckerberg’s wingman. Ben Mezrich, the author of “Bitcoin Billionaires,” believes that Libra would have had a much better shot if Facebook wasn’t at the wheel, telling CNBC; “I think that Amazon could pull…

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* Alexandria Ocasio-Cortez amazon Op-ed U.S. Politics 

Amazon Claps Back at AOC Over ‘Starvation Wages’ Accusations

Published: 17/06/2019 22:45 EST. Journalist: By CCN Markets: There’s nothing more entertaining than a socialist trying to debate a capitalist. Actually, the one thing more entertaining is watching Alexandria Ocasio-Cortez, aka AOC, aka Jar Jar Binks debating AOC Tries to Play with the Big Kids On ABC’s “This Week”, AOC said: “I spend more time thinking about Amazon warehouse workers…if you’re average Amazon worker is making a living wage, if they have guaranteed health care, and if they can send their kids to college tuition-free…paying them starvation wages, stripping…

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2020 Election amazon Andrew Yang Opinion U.S. Business News U.S. Politics 

Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip

By CCN Markets: Democratic presidential candidate Andrew Yang appeared on the Bill Maher show over the weekend. He discussed his Universal Basic Income (UBI) plan in detail, suggesting that big tech companies including Amazon could foot the bill. The clip is taking off, with more than 300,000 YouTube views already: Yang has been promoting giving Americans money by taxing big tech companies. With the Department of Justice launching antitrust actions against Google and other tech titans, Yang’s platform looks increasingly relevant to investors as bipartisan support for a tech crackdown builds….

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amazon Jeff Bezos Op-ed U.S. Business News walmart 

Walmart In-Home Delivery a Security Threat and Amazon Knock-Off

By CCN: For a company that can’t even employ staff members capable enough to direct shoppers to the right aisle, Walmart is taking an enormous gamble asking customers to trust them to enter their homes. But that’s exactly what the Bentonville, Ark. behemoth is planning to do in a bid to take on Amazon in the burgeoning home-delivery market. It is pure madness. But will it work? Anyone Want Walmart Employees in Your Home? Walmart is going to launch refrigerator deliveries in Kansas City, Missouri, Pittsburgh, and Vero Beach, Fla….

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Alexa amazon U.S. Business News U.S. Market News 

Alexa’s Glaring Privacy Blunder Won’t Clobber Amazon Stock

By CCN: Since Amazon’s Alexa device was released in 2014, consumers have eagerly transformed it into a household staple. However, a bombshell Bloomberg report exposed a glaring privacy blunder in the “always on” device. That should be bearish for Amazon stock (NASDAQ: AMZN), right? Not so fast. Just like with Facebook’s semi-regular “Oops!” apologies, consumers will quickly shrug it off – and so will AMZN shareholders. Bloomberg Exposes ANOTHER Alexa Privacy Concern Amazon auditors successfully accessed customers’ home addresses through Alexa devices. | Source: Shutterstock The latest headache for Amazon and…

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amazon Headlines Jeff Bezos national enquirer Politics U.S. Business News 

‘Disgusting’ Bezos Exposé & Trump Love Spark National Enquirer Firesale

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Editorial brass at the National Enquirer went too far when they exposed that Amazon CEO Jeff Bezos was cheating on his wife, MacKenzie Bezos. The “Pecker pic” saga, along with…

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amazon facebook Headlines Opinion 

500 Million Facebook Users Records Unbelievably End Up on Amazon Servers

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By Facebook’s clumsy handling of its users’ data has reached the WTF level. The latest reveal came from cybersecurity firm UpGuard. In a cleverly titled report called “Losing Face:…

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amazon target U.S. Business News 

Target CEO Isn’t Scared of Amazon’s Grocery Foray as Online Sales Jump 31%

The chairman and CEO of Target Corporation, Brian Cornell, has revealed that among the things that he worries about as the company head, the encroachment of Amazon in the grocery space is not one of them, according to Yahoo Finance. According to Cornell, the reason he is unmoved is that success in the grocery business comes after a long period as the sector is a ‘challenging space, there’s lots of competitors’. Cornell was reacting to an earlier report by the Wall Street Journal that Amazon is planning to unveil brick…

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