Tag: Amazon

Washington Post Faces Over $100 Million Losses

Tom Patriot

In 2013, Amazon CEO, Jeff Bezos, bought The Washington Post for $250 million.  Washington Post is a news outlet that often favors the left wing. Yet, this year, the company faces a financial crisis. Jeff Bezos himself is being active in its operations to save it. Washington Post Incurs Significant Losses, Prompting Concerns Over Its Future The Washington Post incurred losses of over $100 million in 2023. This occurrence is marking a decline for the news outlet. This staggering financial downturn comes just a decade after Bezos acquired the paper.…

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FTC Considers Investigation into Amazon Prime’s Deceptive Practices

Tom Patriot

The Federal Trade Commission (FTC) plans to investigate Amazon’s Prime subscription service.  Concerns have been raised over the company’s alleged deceptive practices. The FTC claims Amazon did the following: The lawsuit comes only ahead of Prime Day. This event is one of Amazon’s biggest sales days this year – held on July 11 and 12. Amazon Enrolling Customers in Prime Without Consent? FTC is examining whether Amazon engages in unfair or misleading practices. They believe Amazon intentionally makes it difficult for customers to cancel their Prime subscriptions.  Critics argue that…

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Amazon’s CEO Jeff Bezos Investing Heavily in AI

Tom Patriot

Amazon, the world’s largest online retailer, is investing heavily in artificial intelligence (AI), according to the company’s CEO, Jeff Bezos… Bezos spoke at Washington, DC’s Amazon Web Services Public Sector Summit. Moreover, he highlighted the importance of AI for the company’s future growth.  The CEO also noted that AI is already being used in various Amazon products… such as Alexa and Amazon Go. Amazon Investing Heavily in AI Bezos also discussed the potential of AI to revolutionize industries such as healthcare… where it can be used to analyze medical images…

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Amazon Layoffs Hit Corporate Workforce, Entertainment, Travel, and Hospitality

Tom Patriot

Amazon has announced that it will cut 9,000 jobs amid economic uncertainty.  The company stated that the job losses would primarily affect its corporate workforce. This would focus on employees working in the entertainment, travel, and hospitality divisions. Amazon to Cut 9,000 Jobs The company has also been experiencing significant growth, with revenue increasing by 44% in the fourth quarter of 2020 compared to the previous year…. Some have criticized the decision to cut jobs. Concerns were raised over the impact on workers and the wider economy. Others have argued…

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Federal Government Takes Action Against Big Tech Monopolies

Tom Patriot

In a long-overdue move, Big Tech companies such as Google, Facebook, and Amazon are finally being held accountable for their anti-competitive practices… The House Judiciary Committee has issued subpoenas for documents related to these companies’ business practices… marking the beginning of a long-overdue investigation into their monopolistic behavior. Big Tech Being Held Accountable With Subpoenas The subpoenas request documents related to a range of practices, including the:  These practices have allowed big tech companies to dominate their respective markets. Moreover, it stifled competition and innovation in the process. The investigation…

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