What's this? This is an unbiased just-the-facts news timeline ('newsline') about Amazon, created by Newslines contributors. Become a contributor

Amazon

Amazon91 posts

Amazon.com, Inc. is an American company founded by Jeff Bezos in 1994. The company sells books, hardware, groceries, apparel, and millions of other products, as well as online services such as instant video, streaming music, and its own branded entertainment on its retail websites. Amazon has both a United States and international arm, and is known for the Kindle e-reader and the Fire smartphone.

Biography view > Click for Latest News view
25 Aug, 2014

Purchases Twitch for over $1 billion

Acquisition0 Comments

Amazon acquires Twitch, the live stream video gaming site, for over $1 billion after Google withdraws from the purchase. The deal includes a cash pay of $970 million, nearly 20 percent of Amazon’s reserve revealed in the latest quarterly report. Amazon now owns a “YouTube” type platform with the ability to reach the young men. During 2013, over half of the total viewership watched video game playing for 20 hours weekly. Bezos:

Broadcasting and watching gameplay is a global phenomenon and Twitch has built a platform that brings together tens of millions of people who watch billions of games each month.

26 Aug, 2014

Same day delivery

0 Comments

Same Day Delivery is being launched in Metro Atlanta. Orders placed before 12pm seven days per week are now available for same day delivery.

It will come at a cost: same-day delivery for Amazon customers with a “prime” membership will pay $5.99 per order. Those without the membership will pay $8.99 per order, plus 99 cents per item.

27 Aug, 2014

Third Pilot Season

0 Comments

Amazon debuts its third pilot season, three comedy series and two hour-long thrillers. Viewers can watch the pilots for free on Amazon Instant Video. Based on viewer comments and feedback, Amazon will greenlight selected shows to be made into an Amazon Original Series. The comedies are The Cosmopolitans, Really, and Red Oaks, and the thriller pilots are Hand of God and Hysteria. Roy Price:

We’re delighted to bring Amazon customers the work of these passionate and talented creators and are excited to get customer feedback. It’s an exciting time at Prime Instant Video, with new, original shows coming to the service every month for the rest of the year.

Transparent premier

0 Comments

Amazon announces it will broadcast all ten episodes of Soloway’s dark comedy Transparent September 26th on Prime Instant Video. Solloway:

I am beyond excited to share Transparent with the world through Amazon. They’ve been so supportive through this incredible process. Artistically, it’s been a dream come true. I absolutely got to make the show I wanted to make.

The show stars Jeffrey Tambor, Judith Light, Gaby Hoffmann, Amy Landecker, and Jay Duplass. The show follows the lives of a Los Angeles family as they deal with the secrets they have kept from each other. Viewers can watch the pilot for free on Amazon Instant Video.

Student Scholarship

0 Comments

Amazon Student

Amazon announces a merit-based student scholarship to award 50 full-time college students with a $5,000 tuition stipend and $500 to pay for books.

[It] rewards students who demonstrate extraordinary ability in leadership and innovative thinking.

Amazon limits the scholarship to Amazon Student members. Finalists will be asked to write an essay. Winners will be award in July 2015.

3 Sep, 2014

Amazon Fire TV

0 Comments

1409766622985_wps_6_image003_pngAmazon Fire TV will launch in the UK in October 2014 and in the US in April 2015.

We think that the products that are out there – and we sell a lot of them on Amazon – just haven’t offered customers the value that we think you can, and this is an existence proof that you can put a lot of horsepower and performance into a box, at a great value.

17 Sep, 2014

Debuts $99 Kindle Fire HD 6

0 Comments

far-slate-05-lg._V325439345_Amazon announces the $99 Kindle Fire HD 6. The six-inch tablet can be pre-ordered now, with US deliveries excepted to ship next month. The release dates for the UK and Australia are not being revealed at this time. The tablet comes in several colors, and with a six-inch screen it is one of the smallest tablets currently available. It has a 1,280 x 800 full-HD resolution screen (252 pixels per inch) and comes with 8GB of memory. A 16GB version is also available for $119.

19 Sep, 2014

Tech stocks mixed

0 Comments

Shares in five companies related to Alibaba end mixed on its debut trading day. Alibaba part-owner Yahoo closes down 3% after gaining 20% over the previous few months while SoftBank Corp., another major Alibaba shareholder, loses 1%. U.S. e-commerce rival Amazon ends 2% higher after an analyst raises his price target on the stock, EBay falls 0.5% and JD.com closes down 4%.

8 Oct, 2014

Court hears workers’ case

0 Comments

In a Supreme Court hearing that could determine the terms for employee pay, Amazon workers argue they should be compensated for the 25 minutes both ways it takes to go through security checkpoints. The case is part of a class-action lawsuit filed against companies like Amazon and includes over 400,000 plaintiffs about the meaning of a 1947 law that stipulates a company need not pay for “preliminary” and “postliminary” activities performed by employees, but only for the necessary functions that pertain to their jobs during working hours. Supreme Court Justice Elena Kagan is doubtful over agreeing with the workers:

I mean, what makes it Amazon? It’s a system of inventory control that betters everybody else in the business. And what’s really important to Amazon is that it knows where every toothbrush in the warehouse is.

Supreme Court Justice Scalia disagrees:

Getting yourself inspected as you leave the place of business is not part of the job . . .

What Amazon's Supreme Court Case Could Mean For Worker Pay

25 Oct, 2014

Earnings drop

0 Comments

Amazon reports a wider-than-expected loss in the third quarter, and gives a disappointing holiday forecast. Net loss for the quarter was $437 million, or 95 cents a share, far steeper than the loss of 76 cents a share analysts were expecting. Revenue jumped 20% to $20.6 billion but was also short of expectations. Amazon expects holiday quarter revenue of $27.3 billion and $30.3 billion, below analyst expectations of $30.9 billion. The 7%-18% rise compares with 20% a year earlier. One cause is its launches of new product lines like the Fire phone, which needed a steep price cut after launch – it took a charge of $170 million related to ‘inventory evaluation and supplier commitment costs’ for Fire, and has about $83 million of Fire inventory at the end of the quarter.

28 Oct, 2014

Users to vote on book publication

0 Comments

Users of the Kindle Scout program will be able to vote for up to three titles a day that they want to see published after reading excerpts of the books. Publishing won’t be entirely decided by voting. Amazon:

[The] nominations give us an idea of which books readers think are great; the rest is up to the Kindle Scout team who then reviews books for potential publication.

18 Dec, 2014

Introduces one hour delivery

0 Comments

Amazon introduces a new mobile app, Prime Now, providing one or two hour delivery service on thousands of items such as paper towels, shampoo, books, toys and batteries. The service will initially be available only in Manhattan, though Amazon said it hopes to roll it out to additional cities in 2015. SVP of worldwide operations, Dave Clark:

There are times when you can’t make it to the store and other times when you simply don’t want to go. There are so many reasons to skip the trip, and now Prime members in Manhattan can get the items they need delivered in an hour or less.

5 Feb, 2015

Opens first store

Opens Store0 Comments

Amazon opens its first brick-and-mortar store on the campus of Purdue University. The store allows students to pick up items they order via Amazon Student when it is convenient for them. Paul Ryder, vice president of media and student programs at Amazon:

[It is] a convenient and secure spot for them to pick up their stuff at hours that work with their schedules.

30 Mar, 2015

Tests delivery drones

Invention0 Comments

With its team of roboticists, software engineers, aeronautics experts, and remote sensing experts, Amazon is testing delivery drones at a secret site in Canada. Amazon plans to fly autonomous drones ten miles or longer at 50mph while carrying payloads that weigh up to 5lbs. Amazon wants to offer customers a delivery-by-drone service, called Prime Air, that will deliver packages within thirty minutes after an order is placed.

We think that this new technology will provide huge benefits for our customers, who we think will love it, and for society more broadly.

31 Mar, 2015

Dash button

Product Release1 Comments

The Company announces the Dash Button, for Amazon Prime customers, who can place the device on the wall and tap to automatically order or re-order more than a dozen products such as Tide detergent, Bounty paper towels, and Clorox wipes. The buttons are available to Prime customers immediately for free. Due to the timing of the launch, the company insists the product is not an April Fools’ joke:

Indeed it is real

 

8 May, 2015

Drone delivery patent

Announcement0 Comments

According to a patent that the company submitted in September 2014, Amazon’s delivery drones will be able to update their routes in real time by tracking the location of the recipient by pulling data from their smartphone, as well as talking to each other about weather and traffic conditions. Winning patent approval does not mean that the final product will be exactly as described or that it will become reality.

6 Jul, 2015

‘Prime Day’ celebrates 20 years

Announcement0 Comments

To celebrate 20 years since its website opened, on July 15, Amazon will have a massive sale involving one of its most successful businesses — Amazon Prime. Prime Day, will feature thousands of deals for Amazon Prime members — more deals than on popular shopping day Black Friday. Deals will be introduced throughout the day beginning at midnight, sometimes as often as every 10 minutes. Prime Day will also feature a photo contest to pair with Prime Photo, a relatively new photo-storage service. Customers can submit photos of how Prime saves them time for the chance to win a $10,000 gift card. Amazon also commissioned artists across the world to showcase #PrimeLiving. The Company may make Prime Day into an annual evnt.

6 Aug, 2015

Sells one million shares

0 Comments

Bezos sells more than 1 million shares of Amazon amounting to $532 million. It is his largest stock sale ever. He still owns nearly 83 million Amazon shares, or about 18% of the company.

15 Aug, 2015

NYT details Amazon working conditions

Writes Article0 Comments

The New York Times publishes an article titled, Inside Amazon: Wrestling Big Ideas in a Bruising Workplace, that talks about difficult working conditions at Amazon.

At Amazon, workers are encouraged to tear apart one another’s ideas in meetings, toil long and late (emails arrive past midnight, followed by text messages asking why they were not answered), and held to standards that the company boasts are “unreasonably high.” The internal phone directory instructs colleagues on how to send secret feedback to one another’s bosses. Employees say it is frequently used to sabotage others. (The tool offers sample texts, including this: “I felt concerned about his inflexibility and openly complaining about minor tasks.”)

17 Aug, 2015

Responds to NYT article

Makes Statement0 Comments

Bezos sends an internal mail to all Amazon employees discussing the New York Times article.

Here’s why I’m writing you. The NYT article prominently features anecdotes describing shockingly callous management practices, including people being treated without empathy while enduring family tragedies and serious health problems. The article doesn’t describe the Amazon I know or the caring Amazonians I work with every day. But if you know of any stories like those reported, I want you to escalate to HR. You can also email me directly at jeff@amazon.com. Even if it’s rare or isolated, our tolerance for any such lack of empathy needs to be zero…The article goes further than reporting isolated anecdotes. It claims that our intentional approach is to create a soulless, dystopian workplace where no fun is had and no laughter heard. Again, I don’t recognize this Amazon and I very much hope you don’t, either. More broadly, I don’t think any company adopting the approach portrayed could survive, much less thrive, in today’s highly competitive tech hiring market. The people we hire here are the best of the best. You are recruited every day by other world-class companies, and you can work anywhere you want.

I strongly believe that anyone working in a company that really is like the one described in the NYT would be crazy to stay. I know I would leave such a company. But hopefully, you don’t recognize the company described. Hopefully, you’re having fun working with a bunch of brilliant teammates, helping invent the future, and laughing along the way.

Thank you, Jeff