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News & Articles By Arsenio Toledo
03/21/2024
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By Arsenio Toledo
Jeff Bezos invests $60 million to lower costs, improve taste and boost nutritional value of FAKE MEAT
The Bezos Earth Fund has announced an initial $60 million commitment to establish a fund to improve alternative meats by making them cheaper and taste better. Jeff Bezos’ fiancee, Lauren Sanchez, who is also vice chair of the Bezos Earth Fund, announced on Tuesday, March 19, the creation of the Bezos Centers for Sustainable Protein (BCSP). The […]
03/07/2024
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By Arsenio Toledo
Jeff Bezos regains title of world’s richest person, overtaking Elon Musk for the first time since 2021
Amazon founder Jeff Bezos is once again the richest person in the world, after the tech giant’s net worth surpassed that of Tesla CEO and Twitter (now X) owner Elon Musk for the first time since the fall of 2021. This is according to the Bloomberg Billionaires Index, which reported on Monday, March 4, that Bezos’ […]
10/22/2023
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By Arsenio Toledo
Amazon to begin testing Digit – a six-foot-tall humanoid robot that might end up REPLACING human warehouse workers
Amazon is testing the use of humanoid, six-foot-tall robots at their warehouses, causing more fears of employee displacement. The experiment will be conducted at Amazon’s BFI1 experimental facility in Sumner, Washington. The robot, known as Digit, is a two-legged robot that is capable of grasping and lifting items at Amazon facilities. Digit has two arms, […]
09/27/2023
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By Arsenio Toledo
FTC sues Amazon for illegal conduct and a long list of monopolistic practices
The Federal Trade Commission (FTC), with the support of at least 17 states, has filed its long-awaited antitrust lawsuit against Amazon for allegedly engaging in illegal conduct and “monopolistic practices” within its online store and merchant services. The FTC is asking the court to consider forcing the online retailing giant to sell some of its assets as […]
06/02/2023
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By Arsenio Toledo
THE PRICE OF GUILT: Amazon agrees to pay $30.8 million for violating child privacy laws and other privacy lapses – but denies any wrongdoing
Amazon has agreed to pay the Federal Trade Commission (FTC) nearly $31 million to settle allegations of privacy lapses in its Alexa and Ring divisions, as well as accusations of violating child privacy laws by using its products to store kids’ voices and location data. The federal agency filed a lawsuit against Amazon several months ago alleging Amazon’s […]
04/06/2023
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By Arsenio Toledo
FTC to sue Amazon for illegally harvesting data of children via smart speakers
The Federal Trade Commission (FTC) is preparing to sue Amazon over allegations that the megacorporation illegally collected data on children through its line of smart speakers. According to people familiar with the case who spoke with Bloomberg, the FTC is recommending filing a complaint that Amazon’s Alexa-powered speakers are collecting information on children under the age of […]
01/27/2023
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By Arsenio Toledo
Amazon warehouse workers in Britain walk out of their jobs over paltry pay increase, terrible working conditions
Hundreds of Amazon workers in the United Kingdom walked out of their jobs on Wednesday, Jan. 25, in the first-ever formal industrial action in the country against the tech giant. The workers, affiliated with the GMB trade union, walked out of an Amazon warehouse in the city of Coventry in central England, known as BHX4 […]
12/22/2022
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By Arsenio Toledo
Amazon becomes first company ever to lose $1 trillion in market value
Amazon just lost $1 trillion in market cap value, the largest loss in market value ever recorded by any publicly traded company. In July 2021, the company had a market value of a near-record breaking close of $1.88 trillion. But the tech giant’s shares dropped 4.3 percent in value in November, lowering the company’s market […]
12/01/2022
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By Arsenio Toledo
Tech layoffs nearing levels not seen since the Great Recession
The number of people fired from Big Tech companies this year is nearing annual levels not seen since the Great Recession. The worsening economic situation in the United States has made Big Tech companies turn to mass layoffs as a way of making sure their profit margins remain stable. In November alone, more than 50,000 workers […]
11/23/2022
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By Arsenio Toledo
Fewer Amazon shoppers are satisfied with the company’s services
Recent information from Amazon finds that customer satisfaction has slipped to one of its lowest points since 2000, the year a private firm began tracking consumer enthusiasm for the country’s largest online retailer. Investment banking and financial advisory firm Evercore ISI publishes its yearly American Consumer Satisfaction Index, which tracks customer approval of more than […]
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