Tag: Amazon

Amazon Is Waging Class War – Jacobin magazine

Amazon Is Waging Class War - Jacobin magazine

Amazon’s sudden announcement that it would back out of building a second headquarters in Queens, New York — which was slated to employ at least twenty-five thousand people supposedly set to earn an average of $150,000 per year — made no sense as a business decision. Amazon had undergone a lengthy and elaborate process to […]

Amazon isn't killing Walmart online – CNBC

Amazon CEO Jeff Bezos (l) and Doug McMillon, CEO of Walmart.

Amazon isn’t killing Walmart online. No, not even close. Walmart’s latest earnings report on Tuesday morning shows the largest bricks-and-mortar retailer in the world is making progress in building out its website, despite Amazon’s looming presence and massive share of U.S. internet sales. Walmart’s e-commerce sales were up 43 percent during the fourth quarter, and […]

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