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The Latest Breaking News from Jeff Bezos

Amazon's Market Cap Bloodbath: Value Of Netflix, Paypal Combined Vanishes In A Flash

Amazon.com Inc (NASDAQ: AMZN) rebounded Friday, climbing to the $100 level — gaining back about $100 billion in market cap — after basically seeing shares fall off a cliff on the previous day.

Benzinga

Elon Musk’s Twitter is going to be a disaster

Musk probably bought Twitter for the same reason billionaires throughout history have become press barons: to try to control the conversation

The Guardian - US

Fade the Friday Rally

Bull markets do not go straight up. There are plenty of down days, weeks and even months for the S&P 500 (SPY) added into the mix. Conversely bear markets do not go straight down. In fact, they have some pretty sizeable rallies that come along the way often clouding the…

StockNews.com

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Jeff Bezos gets philanthropy award at Vatican even as ex-wife gives away more of her fortune

Ex-wife MacKenzie Scott giving away her billions at a faster clip, according to observers

The Independent UK

Jeff Bezos, one of the world’s richest men, warns the rest of us about economic recession: ‘Batten down the hatches’

The CEO of JPMorgan Chase, Jamie Dimon, also predicts a recession within the next nine months

The Independent UK

Jeff Bezos’s ex-wife MacKenzie Scott donates $15m to provide glasses to farmers

Since announcing her plans in 2019 to give away her entire fortune, billionaire MacKenzie Scott has handed out over $12bn to organizations, according to public announcements of her gifts

The Independent UK

Billionaire MacKenzie Scott donates $15m to help provide glasses to farmers in developing countries

Donation is believed to be the largest single donation towards helping solve the problem of uncorrected blurry vision

The Guardian - UK

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Amazon Prime Day is ‘risking warehouse workers’ health’, union leader says

Derrick Palmer also said that he believed ‘20 [Amazon] buildings at least’ will have unionised by next year

The Independent UK

Bezos family donates $710M to Fred Hutchinson Cancer Center

The Bezos Family Foundation announced a $710 million gift to the Seattle-based Fred Hutchinson Cancer Center

The Independent UK

The 'satanic mills' of Bezos and Amazon

With Britain suffering through its worst cost-of-living crisis in decades -- owing to high inflation and soaring energy prices -- hundreds of workers at an Amazon warehouse in Coventry since last month demanded a wage hike. If the demand is not met, they say they will go on strike in…

Bangkok Post

Billionaires Have Growing Appetite for Real Estate As Market Slows

While the world’s wealthiest people earn their money in a variety of ways, many add to their fortunes through investing in real estate, which typically appreciates in value.

Benzinga

Baby genius! Tech trillionaire! Space-conquering supergod! It’s The Elon Musk Show!

Elon Musk’s mum says her boy is a genius – but does a new tell-all documentary agree? From his harsh divorce tactics to how he’s about to revolutionise your brain, here’s why tech billionaires are taking over TV

The Guardian - UK

MacKenzie Scott donates $20m to California schools after announcing divorce from teacher husband

Scott, an author and the former wife of Amazon founder Jeff Bezos, is now largest donor in Fresno Unified’s history

The Independent UK

'Not Game Of Thrones': Amazon Studios Head Details Big Bet On Lord Of The Rings, What Bezos Thinks Of Show

Tasked with leading the studio of a trillion-dollar company is no easy task. Jennifer Salke was named the head of Amazon Studios, a unit of Amazon.com Inc (NASDAQ: AMZN), in 2018.

Benzinga

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Reuters

Jeff Bezos fund to push for Africa land restoration around U.N. climate summit

Billionaire Jeff Bezos's environmental fund is seeking to build a coalition with African and European countries around this year's U.N. climate summit to add heft to land restoration efforts, its top official told Reuters.

The Conversation

Doomsday bunkers, Mars and 'The Mindset': the tech bros trying to outsmart the end of the world

Douglas Rushkoff’s newest book, Survival of the Richest: Escape Fantasies of the Tech Billionaires, grew out of a brilliant 2018 Medium article of the same name, which went viral and had people (aka his US editor) clamouring for a full-length treatment.

The Conversation

To foster real change universities need to stand beside Black professors, not condemn them

The past couple of weeks have seen wall to wall coverage of Queen Elizabeth’s death. Many media outlets took to eulogizing the Queen with effusive praise of her service and duty. But not everyone saw her and the insitution she headed in the same light.

The Guardian - US

The US ultra-rich justify their low tax rates with three myths – all of them rubbish

A record share of the nation’s wealth is in the hands of billionaires, who pay a lower tax rate than the average American. This is indefensible

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Daily Mirror

Kim Kardashian lays out strict rules to fly ’Kim Air’ on her $150million private jet

The Skims founder made it clear she wanted her recently custom-fitted G650ER aircraft pristine as it has been decked out with cashmere on almost every surface

Tribune News Service

It was a big year for Texas’ wealthy, with 43 scoring spots on Forbes’ richest list

It was a big year for Texas’ wealthy.

The Guardian - US

Billionaire MacKenzie Scott files for divorce from second husband

Philanthropist former wife of Amazon founder Jeff Bezos married science teacher Dan Jewett last year

The Independent UK

Billionaire philanthropist MacKenzie Scott files for divorce from second husband Dan Jewett

Couple married in 2021 after Ms Scott divorced her first husband, Amazon founder Jeff Bezos

The Independent UK

Billionaire philanthropist MacKenzie Scott files for divorce from second husband

Couple was married in 2021 after Ms Scott divorced first husband Amazon founder Jeff Bezos

The Independent UK

Elon Musk knocks rival Jeff Bezos off top of Forbes’ richest Americans list for first time with wealth of $250bn

“Despite all the turmoil in both his professional and personal lives, Musk is an estimated $60.5 bn richer this year,” says Forbes

The Independent UK

FTC says Bezos, Jassy must testify in probe of Amazon Prime

Federal regulators are ordering Amazon founder Jeff Bezos and CEO Andy Jassy to testify in the government's investigation of Amazon Prime

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