After the introduction of the September 5, 2018 'Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act', Amazon announced to its workers on October 2, 2018, that the minimum wage paid to salaried workers be increased to $15 per hour. The wage increase applies to about 350,000 workers. It does not apply to the majority of Amazon's employees who are contract workers. Furthermore, Amazon has also removed some grants and stock options.
It has also partnered with popular brands among teens. Nike, for example, became a partner seller on Amazon last summer. Snapchat users can shop on Amazon easily, too. As of last month, some Snapchat users are able to point its camera at an item or barcode and buy it from Amazon. Snapchat is the second-most used social media among teens after Instagram, according to the Piper Jaffray survey.
According to sources, Amazon did not expect to make a profit for four to five years. This comparatively slow growth caused stockholders to complain that the company was not reaching profitability fast enough to justify their investment or even survive in the long-term. The dot-com bubble burst at the start of the 21st century and destroyed many e-companies in the process, but Amazon survived and moved forward beyond the tech crash to become a huge player in online sales. The company finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed.
A Wall Street Journal study revealed that some stores serve higher prices to higher income ZIP codes, as well as to rural areas with less competition. They also might jack the price up for repeat visitors. Browsers know your approximate location (through your device’s IP address), as well as your shopping patterns and preferences (through data saved in ‘cookies’).
In July 1995, the company began service as an online bookstore. The first book sold on Amazon.com was Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. In the first two months of business, Amazon sold to all 50 states and over 45 countries. Within two months, Amazon's sales were up to $20,000/week. In October 1995, the company announced itself to the public. In 1996, it was reincorporated in Delaware. Amazon issued its initial public offering of stock on May 15, 1997, at $18 per share, trading under the NASDAQ stock exchange symbol AMZN.
In March 2015, it was reported in The Verge that Amazon will be removing non-compete clauses of 18 months in length from its US employment contracts for hourly-paid workers, after criticism that it was acting unreasonably in preventing such employees from finding other work. Even short-term temporary workers have to sign contracts that prohibit them from working at any company where they would "directly or indirectly" support any good or service that competes with those they helped support at Amazon, for 18 months after leaving Amazon, even if they are fired or made redundant.
A 2015 front-page article in The New York Times profiled several former Amazon employees who together described a "bruising" workplace culture in which workers with illness or other personal crises were pushed out or unfairly evaluated. Bezos responded by writing a Sunday memo to employees, in which he disputed the Times's account of "shockingly callous management practices" that he said would never be tolerated at the company.
Our Deal of the Day features hand-picked daily deals with low prices on top electronic products, video games, tools, items for your kitchen and home, sporting goods, computer software, and more. Every day you will see our Lightning Deals displaying limited-time deals at great prices; make sure you buy quickly because these deals will go away fast. Our other Savings and Sales include hundreds of items throughout Amazon to pique your interest for savings on HDTVs; movies or TV shows; fashion items like clothing, jewelry, and watches; toys; and magazines. Come back often as our deals update daily.
Looking for a portable hard drive for your laptop or PC? You might be interested to know that Amazon currently has the LaCie Porsche Design 2TB Mobile Hard Drive on sale for $94.99. That's a savings of $55 off the drive's $150 list price. With USB-C and USB 3.0 compatibility, this drive offers simple plug and play installation with virtually any PC or Mac from the past or future. When you're on the go and time is scarce, fast transfer speeds up to 5GB/s lets you drag and drop files quickly. This hard drive packs a generous 2TB of storage making it perfect for photographers, gamers, graphics artists, and video editors.
Whether you prefer coffee or tea in the morning, you're going to want a good travel mug so you can bring your favorite drink with you on your morning commute. After testing the best travel mugs, we really liked the Contigo Autoseal West Loop. But if you want a more affordable option, you can get the SnapSeal Byron travel mug for just $7 in the color Gunmetal, if you select no-rush shipping. This mug will keep drinks hot up to 7 hours and has a leak-poof lid. It's a great way to save a bit, if you're not in a rush for this mug to reach your door. Otherwise you can get it for $2 more.
Whether you want to explore the smart home world, want to cut the cord with your cable company, need more convenient ways to keep your devices charged, or want to start cooking healthier meals at home, you'll love today's top Amazon deals on products that are worth buying. We scour Amazon for sales on items that we have tested and know are worth buying, as saving 25% on a good product that will last is a heck of a lot better than saving 50% on something that doesn't work very well or breaks after a few uses. Without further ado, here are the top five finds of the day:
Featuring bold and exotic animal prints, this black and white Amazon Bedding Comforter Set will make a dramatic statement in your bedroom. Zebra stripes are all the rage, and when complemented by cheetah and leopard prints, the ideal bedroom safari ensemble comes together. This Amazon Comforter Set comes with a fashion comforter, two shams, a bed skirt and three decorative pillows to complete the look. The solid centers of the pillow shams set the stage for the contrasting decorative throw pillows. The contrasting black-and-white patterns of this fun 7-piece Comforter Set enhance the mood. This ultra-warm comforter set is manufactured with 100-percent polyester fill and is easy to keep clean. This set is available in Queen, California King and King sizes. Set Includes: One (1) comforter,... Less
Amazon.com operates retail websites for Sears Canada, Bebe Stores, Marks & Spencer, Mothercare, and Lacoste. For a growing number of enterprise clients, including the UK merchants Marks & Spencer, Benefit Cosmetics' UK entity, edeals.com and Mothercare, Amazon provides a unified multichannel platform where a customer can interact with the retail website, standalone in-store terminals or phone-based customer service agents. Amazon Web Services also powers AOL's Shop@AOL.
In early 2018, President Donald Trump repeatedly criticized Amazon's use of the United States Postal Service and pricing of its deliveries, stating, "I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy," Trump tweeted. "Amazon should pay these costs (plus) and not have them bourne [sic] by the American Taxpayer." Amazon's shares fell by 6 percent as a result of Trump's comments. Shepard Smith of Fox News disputed Trump's claims and pointed to evidence that the USPS was offering below market prices to all customers with no advantage to Amazon. However, analyst Tom Forte pointed to the fact that Amazon's payments to the USPS are not public and that their contract has a reputation for being "a sweetheart deal".
Amazon Fire TV Stick Remote Case for Alexa Voice Remote for Fire TV Stick Red · Add color and protection to your Alexa Voice Remote · Compatible with Alexa Voice Remote for Fire TV and Fire TV stick · Design allows easy access to all buttons and microphone · Durable design with a soft touch non-slip grip that protects from drops and scratches · Remote not included The Koral protective case is the perfect companion for your Amazon Fire TV or Fire TV Stick Alexa voice remote. It's made from a durable soft-touch silicone that provides a non-slip grip and protection from drops and scratches. The protective cover fits the Alexa voice remote perfectly, yet still leaving full access to all controls and features. Choose from a variety of colors. Compatible only with the new Alexa Voice Remote for... Less
Amazon Echo Plus features premium speakers for powerful sound and a built-in Zigbee smart home hub and temperature sensor. Just ask Alexa to play music, answer questions, make calls, and provide information, news, sports scores, weather, and more. With the built-in hub, starting your smart home is easy. Echo Plus has a built-in Zigbee hub to easily setup and control your compatible smart home devices, and an improved sound for streaming music New premium speakers powered by Dolby play 360 degree audio with crisp vocals and dynamic bass response Use your voice to adjust equalizer settings Ask Alexa to play music, answer questions, read the news, check the weather, set alarms, control compatible smart home devices, call almost anyone, and more Set up your smart home without a separate hub... Less
Throughout the store there are features like “Most-Wished-For,” a collection of products that are most added to Amazon.com Wish Lists; “Trending Around NYC,” hot products that NYC-area customers are buying on Amazon.com; “Frequently Bought Together”; and “Amazon Exclusives.” These features, along with customer review cards with quotes from actual customer reviews, make it fun and easy to shop.