Amazon Sheds Profits to Fuel Its Incredible Expansion
Amazon founder and CEO Jeff Bezos got the opportunity to be the richest man in the world for a brief period of time this Thursday. As Amazon shares hit a record high of $1,083.31 yesterday, he pushed ahead of Bill Gates for a little while, before the shares took a 3.2% tumble in after hours […]
Amazon Aims to Conquer New Markets with Physical Stores
Last week, one of Amazon Prime Air’s drones dropped off a small box of sunscreen at an exclusive robotics conference in Palm Springs. The package was small, but the shipment itself was huge: it was the company’s first public drone delivery on U.S. soil. We are now well on our way to a future where […]
Chinese Tech Company Alibaba Makes IPO in History
Shares of Chinese tech company Alibaba rocketed during the company’s high-profile IPO. Investors and tech industry analysts are already drawing comparisons with Facebook, Tom.com and other recent examples in which speculators flocked to buy a stock without really understanding how the company was going to generate a positive ROI. In Facebook’s case, it’s safe to say that […]