Amazon

Amazon Wants To Sell You Prescription Medications

1:05pm November 17, 2020

by Alina Selyukh

Amazon launches an online pharmacy, sending shares of CVS, Walgreens and Rite Aid tumbling. Amazon has pushed to compete with Walmart and major pharmacy chains that have long offered home delivery.

Amazon has long argued that it does not use seller-specific data to directly compete with its own products and has generally rejected accusations of anti-competitive behavior.

World News

Amazon Faces Antitrust Charges From European Regulators

3:49pm November 10, 2020

by Alina Selyukh

The EU says Amazon exploits data collected from other sellers for its own benefit. These are the first formal charges against the retail giant in a spate of antitrust probes in Europe and the U.S.

The Justice Department alleges Google has an illegal monopoly in search, setting up the biggest confrontation with a tech giant in more than 20 years.

Politics & Government

Google Lawsuit Marks End Of Washington's Love Affair With Big Tech

5:58pm October 21, 2020

by Shannon Bond

The Justice Department's lawsuit against Google is the clearest sign yet of the "Techlash" that has politicians on both sides of the aisle bristling at the power of Silicon Valley.

Queue Listen Now

Facebook CEO Mark Zuckerberg (from left), Google CEO Sundar Pichai, Apple CEO Tim Cook and Amazon CEO Jeff Bezos have been in the spotlight over the market power that their giant companies have.

Politics & Government

How Are Apple, Amazon, Facebook, Google Monopolies? House Report Counts The Ways

8:23pm October 06, 2020

House Democrats recommend Congress look at ways to force the companies to split off some of their businesses, saying the tech giants have exploited their power to benefit themselves and hurt rivals.

People stand in the lobby of Amazon offices in New York in January 2019. At a time of mass work from home and many moving to spacious suburbs, Amazon is funding a large expansion of corporate real estate and jobs in New York and five other U.S. cities.

National

Amazon Plans More — Not Fewer — Offices In Big Cities

3:05pm August 18, 2020

by Alina Selyukh

At a time of mass work from home and with many people moving to spacious suburbs, Amazon is funding a large expansion of corporate real estate and 3,500 jobs in six U.S. cities.

An Amazon delivery truck is parked outside a warehouse in France on April 16. The online retail giant's revenues and profits soared in the second quarter.

Amazon Doubles Profit To $5.2 Billion As Online Shopping Spikes

8:35pm July 30, 2020

by Alina Selyukh

The company's sales went through the roof between April and June, hitting close to $89 billion — a 40% increase from a year earlier. Amazon added 175,000 new hires to help keep up with the demand.

Rep. Jim Jordan, R-Ohio, speaks during a House Judiciary subcommittee on antitrust on Capitol Hill.

Politics & Government

4 Key Takeaways From Washington's Big Tech Hearing On 'Monopoly Power'

9:58am July 30, 2020

Rep. David Cicilline, D-R.I., says Amazon, Facebook, Google and Apple operate like monopolies and need to be broken up or regulated.

Amazon CEO Jeff Bezos testifies Wednesday via video before the House Judiciary antitrust subcommittee. The hearing also featured the heads of Apple, Facebook and Google.

Politics & Government

Heads Of Amazon, Apple, Facebook And Google Testify On Big Tech's Power

9:13pm July 29, 2020

by Bobby Allyn

The CEOs tell Congress that the giant American tech companies do not stifle competition, saying the concern that too much power is concentrated in too few companies is unfounded.

Amazon CEO Jeff Bezos is set to testify Wednesday before a House antitrust panel along with the chiefs of Apple, Facebook and Google.

Politics & Government

Jeff Bezos To Washington: 'My Dad's Name Is Miguel. He Adopted Me When I Was 4'

8:50pm July 28, 2020

by Avie Schneider

The CEOs of Amazon, Apple, Facebook and Google are set to testify about whether their companies have too much power. Jeff Bezos begins his prepared remarks with a personal story.

Amazon founder and CEO Jeff Bezos in 1997 (left) and in 2017. He will appear before Congress for the first time this week a much-transformed leader of a much-transformed company.

Bigger And Brawnier: Clout Of Amazon And CEO Jeff Bezos Under Scrutiny

8:05am July 28, 2020

by Alina Selyukh

The first congressional testimony by Jeff Bezos comes at a time when he and Amazon are seeming at their zenith, occupying ever-growing space in American culture.

Queue Listen Now