Jeff Bezos


Amazon is not too big to fail, says Bezos

Amazon boss Jeff Bezos has said that the Seattle-headquartered business is “not too big to fail”. The CEO, who was speaking at a staff meeting last week, was responding to an employee question around what Bezos had learned from the bankruptcy of major North American retailers such as the 125-year-old department store Sears, which filed […]

Video ‘driving adoption’ as Amazon Prime passes 100m members

Amazon chief Jeff Bezos has revealed in his yearly shareholders letter that Prime now has 100 million members, which he partly attributes to continuing content expansion. In the statement, Bezos said that Prime Video, “continues to drive Prime Member adoption and retention.” The company’s expansion in content and investment in originals such as The Marvelous Mrs. […]

Amazon CEO calls for ‘acceptable terms’ from Chromecast, Apple TV

Amazon CEO Jeff Bezos called for “acceptable business terms” for its Prime Video service if the company is to resume selling Chromecast or Apple TV devices. At the Code Conference in California, Bezos responded to a question about why the Amazon store stopped selling the rival devices to its own Amazon Fire TV line of […]

Top Gear team’s show will be ‘very expensive’, says Amazon’s Bezos

Jeff Bezos has said Amazon’s upcoming motoring series with the former Top Gear team will be “very, very, very expensive.” The Amazon founder and CEO was speaking to UK newspaper The Telegraph. He said that recruiting the Top Gear team, who left the BBC show in the wake of a scandal that involved star presenter Jeremy Clarkson hitting a […]

Amazon Web Services now a US$5 billion business

Amazon Web Services (AWS), the e-retail giant’s scalable cloud computing offering, is now a US$5 billion business and is “still growing fast,” the company has revealed.  Discussing the firm’s first quarter results, Amazon founder and CEO Jeff Bezos said that AWS’s growth “is accelerating”. He added that the ten-year old AWS business is “a good […]

Amazon Prime membership climbs 53%

Worldwide paid membership of Amazon’s Prime subscription service grew 53% last year – 50% in the US and faster outside the US – according to the e-retail giant.  Speaking on Amazon’s fourth quarter earnings call, chief financial officer and senior vice president, Tom Szkutak, said that Prime membership was growing on a “sizeable base” of “tens of […]

Amazon launches Fire TV in UK, Germany

Amazon is launching its web streaming set-top box Amazon Fire TV in Europe for the first time, rolling it in the UK and Germany. Customers in both countries will be able to order the device now, with boxes to start shipping in Germany on September 25 and in the UK on October 23. Fire TV […]