Tag Archives: Jeff

Virgin Galactic’s Richard Branson takes suborbital space trip, stealing the spotlight from Jeff Bezos

Virgin Galactic’s SpaceShipTwo rocket plane, VSS Unity, fires up its hybrid rocket motor to head spaceward. (Virgin Galactic via YouTube) Virgin Galactic founder Richard Branson rode his company’s SpaceShipTwo rocket plane into the skies over New Mexico today and did something that no billionaire has done before. In the company of five crewmates, Branson became the first billionaire to take a rocket-powered ride on his own company’s spaceship, rising above the 50-mile mark that the… Source link

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Amazon stock ready for blast-off before Jeff Bezos reaches space?

Amazon (AMZN) officially has a CEO not named Jeff Bezos as of Monday (it’s Andy Jassy), but a stock price that’s acting like it normally does: moving up and to the right.  Shares of the tech beast have surged 14% to $3,642 in the past month in the lead-up to Jassy assuming the CEO mantle from the soon-to-be astronaut Bezos. As of Tuesday afternoon trading, Amazon’s ticker page was the most trafficked on the Yahoo Finance platform — beating out Didi (stock down 21% after a China crackdown… Source link

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Jeff Bezos made Amazon a behemoth, but his legacy is complicated

On July 5, Jeff Bezos will officially step down as CEO of the company he founded in 1994. Amazon (AMZN) will continue to exist, of course: It’s one of the most highly valued publicly traded companies in the world with a market capitalization of $1.7 trillion. But Bezos’ decision to leave the post, nevertheless, marks a new era for the e-commerce giant. The richest person on Earth, Bezos kick started the e-commerce revolution, forcing rivals like Walmart (WMT) to jump into the arena or be… Source link

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Jeff Bezos accused his girlfriend’s brother of hiding ownership of a $2.5 million property to avoid paying his legal fees, court filings show

Jeff Bezos said in a court filing that Michael Sanchez tried to avoid paying a defamation judgment. The filing accused Sanchez of transferring his California residence to a limited liability company. Thursday’s court filing marked the latest development in an ongoing legal battle.  See more stories on Insider’s business page. Amazon CEO Jeff Bezos on Thursday said in a court filing that his girlfriend’s brother tried to avoid reimbursing his legal fees by hiding his ownership of a $2.5 million… Source link

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More than 41,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his trip to space next month

Jeff Bezos is set to launch aboard the New Shepard rocket on July 20. Mandel Ngan/AFP via Getty Images; Blue Origin Petitions to stop Jeff Bezos’ Earth re-entry collected more than 41,000 signatures between them. The one with the most signatures is entitled: “Do not allow Jeff Bezos to return to Earth.” Bezos will fly into space on July 20 for Blue Origin’s first human flight of New Shepard rocket. See more stories on Insider’s business page. More than 41,000 people have signed petitions calling… Source link

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More than 41,000 people have signed petitions to stop Jeff Bezos from returning to Earth after his trip to space next month

Jeff Bezos is set to launch aboard the New Shepard rocket on July 20. Mandel Ngan/AFP via Getty Images; Blue Origin Petitions to stop Jeff Bezos’ Earth re-entry collected more than 41,000 signatures between them. The one with the most signatures is entitled: “Do not allow Jeff Bezos to return to Earth.” Bezos will fly into space on July 20 for Blue Origin’s first human flight of New Shepard rocket. See more stories on Insider’s business page. More than 41,000 people have signed petitions calling… Source link

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Amazon founder Jeff Bezos named as secret owner of luxury $500m superyacht

Jeff and Lauren Sanchez (inset) and the Black Pearl (AFP via Getty Images and OceanCo) Jeff Bezos, the billionaire founder of Amazon, is finally set to join the gilded ranks of the haves and have-yachts. The world’s richest man has been named as the soon-to-be proud owner of one of the most expensive and extravagant superyachts ever built. At 127metres (420ft) the craft – known only by its project name Y721 – will be as long as the Great Pyramid at Giza is tall, and loaded with… Source link

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Amazon CEO Jeff Bezos stepping down is a loss for tech giant: top analyst

Amazon’s founder Jeff Bezos acknowledged Thursday that his new annual letter to shareholders would be his last as CEO. But that reiteration has done nothing to shake Wall Street’s confidence in the e-commerce behemoth’s future financials, although the leadership change is being very closely watched for potential stumbles.   “Well, I think Bezos probably goes down as the best entrepreneur of this generation in a way like Steve Jobs was and Bills Gates was. We’ll see about the next generation…. Source link

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The company that Jeff built

Amazon Earlier this week we learned that Amazon founder Jeff Bezos will step down as chief executive of the e-commerce giant that he started in his garage nearly 30 years ago. He will make way for Andy Jassy, currently head of Amazon’s cloud computing business, to take day-to-day control. Billionaire Mr Bezos won’t entirely give up the reins, however, instead assuming the role of executive chairman. Today, Amazon is one of the most valuable public companies on the planet, with Mr Bezos vying… Source link

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Jeff Bezos is stepping down as Amazon CEO — here’s why Amazon stock isn’t crashing

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… Source link

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