Jeff Bezos retained the title of world’s richest person Friday as Amazon.com Inc.’s stock recovered from a sharp slide. Shares of the biggest online retailer fell 1.1% to close at $1,761.33, rebounding from a drop of as much as 9.1% in extended trading a day earlier, after the company reported its first profit decline in two years. Friday’s modest dip trimmed Bezos’s net worth to $109.9 billion, or $2.36 billion more than Bill Gates’s, according to the Bloomberg Billionaires Index.
Jeff Bezos is about to relinquish the title of world’s richest person to Bill Gates, as Amazon.com Inc. stock tumbled in late trading Thursday.
Shares of the biggest online retailer dropped 8.1 per cent to $1,637 in extended trading at 4:24 p.m. in New York. At that price, Bezos would have a net worth of $102.8 billion, ranking him second, and almost $5 billion behind Gates, according to the Bloomberg Billionaires Index. Bezos took the top spot from the Microsoft Corp. co-founder in October 2017.
After a 2013 factory collapse killed more than 1,100 people in Bangladesh, most of the biggest U.S. apparel retailers joined safety-monitoring groups that required them to stop selling clothing from factories that violated certain safety standards.
In a first-of-its-kind move by an e-commerce company, Amazon optimising its delivery boxes to increase customer engagement has announced Storyboxes — a packaging initiative where Amazon shares the growth journey of its sellers on the boxes. The company started the initiative during its annual Great Indian Festival sale (September 29 – October 4) to print the stories of its six sellers as of now. The company is looking to increase the number of such sellers’ stories ahead.
New Delhi: In a bid to increase revenue through the non-fare sources, the railways has decided to allow carriage to goods of e-commerce giant Amazon on a pilot basis for three months during the non-peak hours, officials said on Monday.
According to Railway Ministry officials, with the pilot project of allowing to carry the e-commerce consignments, the parcel business of Indian Railways will get a major boost.
NEW DELHI : Amazon's virtual assistant Alexa can now take voice commands from you to settle your bills using Amazon Pay. This new Alexa feature supports payment of bills across categories such as electricity, water, post-paid mobile, cooking gas, broadband and DTH.
Users of Amazon Echo, Fire TV Stick and other devices with Alexa built-in can just say commands such as “Alexa, pay my mobile bill" or “Alexa, pay my electricity bill" to get started.
Flipkart on Tuesday announced its foray into original video content with the launch of Flipkart Video Originals, taking the competition in the video-streaming space a notch higher. Integrated within the Flipkart video platform, which was launched in August this year, Flipkart Video Originals will be curated exclusively for the Flipkart platform, the firm said.
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.