Venture capitalists mourned the death of colleague Joy Covey, first CFO of Amazon. Venture capitalists remember Joy Covey as woman who steered Amazon through its toddler years.
Tags: Amazon
Synergy report says Amazon still leads in cloud computing
A report from Synergy Research Group said Amazon has trumped other cloud players like Microsoft, IBM and Google when it comes to generating money from cloud computing.
Wal-Mart challenges Amazon's dominance in Cyber Monday
Wal-Mart's online business had reduced the minimum amount of shopping orders online for Cyber Monday from USD50 to USD35, which is just about the same figure of minimum number of shopping orders at Amazon.
Amazon to roll out comedy "Betas" in race for original online programming
Amazon will be releasing "Betas," a tech comedy show about app entrepreneurs in the Bay Area as it ramps up its original online programming to compete with Netflix and Hulu.
Rocket Internet-backed Linio obtains USD50 million in new funding
E-commerce company Linio's USD50 million new investment would go towards company expansion. According to a VentureBeat report, e-commerce company Linio received an additional USD50 million in investment.
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Amazon clarified a blog report that the ecommerce firm was preparing its own phone. According to Drew Herdener, spokesperson for Amazon. com, the Seattle based e commerce firm has no plans to introduce a phone in 2013.
European retailers had been looking to get more profit through online food businesses as the grocery segment make up around 40% of retail sales.
In a town hall meeting, Jeff Bezos reassured the editorial staff of his recently purchased Washington Post of optimism in the digital age and continued independent journalism.
Japanese E-commerce giant Rakuten acquired video streaming site Viki for a reported USD200 million. According to a Techcrunch report, e-commerce site giant Rakuten acquired global video site Viki and would sign a reported USD200 million buyout agreement tomorrow.
It has been a week after Amazon founder Jeff Bezos announced acquisition of Washington Post, a deal said to be the convergence of old and new media.
Purchase of apps using Amazon coins saw a 50% weekly boost in revenues. The USD5 worth of Amazon coins was a gift well spent by Kindle Fire consumers. This in turn was an excellent money-generating move for both Amazon and app developers, according to tech evangelist Peter Heinrich.
The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.
Amazon Kindle Fire HD will be launching this coming fall. New versions of the Kindle Fire and Kindle Fire HD will likely be launched in the coming months, according to reports.
Amazon's hiring spree aimed to fill up more than 5,000 full-time jobs before Obama's visit on Tuesday.
