According to FCC, with their Project Kuiper, Amazon wants to put 3,236 broadband satellites into orbit. There are almost 4B people in the world who don’t have access to reliable broadband internet and with this project, they intend to fill that gap.
Virgin Galactic announced that it will go public in the second half of 2019 with Social Capital Hedosophia Holdings Corp expected to acquire 49% of the space-tourism company.
Through the partnership of a payments startup Flexa and Winklevoss’ Gemini, customers of Amazon’s Whole Foods, Starbucks, Baskin Robbins, and other major retailers can use Bitcoin, Ethereum, Bitcoin Cash, and Gemini Dollar for payments.
Morgan Stanley investment bankers stand to harvest millions of dollars in fees for leading Uber Technologies Inc.’s IPO last week. Wealthy clients are facing big losses because of early investing policy.
Amazon reported better-than-expected Q1 profits Thursday but is experiencing slower revenue growth. That slower growth comes after growth in the segment was triple-digit or near-triple-digit for four consecutive quarters.
Amazon founder and CEO Jeff Bezos will keep 75% of the shares in the ecommerce giant that were jointly held with his wife, MacKenzie — and he retain full voting control of all of the couple’s shares — after the two finalized terms of their divorce.
Amazon.com beat top and bottom line estimates for the fourth quarter, but investors may be focusing more on its light guidance for the first quarter.
Blockchain and cryptocurrencies have much to offer the world of conventional e-commerce, with the first payment plug-ins and even whole marketplace platforms now launching.