Alison Griswold
Alison Griswold
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Jeff Bezos is finding he can spend money on things other than space travel

Jeff Bezos is finding he can spend money on things other than space travel

Asked nearly two years ago what he might do with his considerable wealth, the world’s richest person Jeff Bezos said “space travel” was his only option. “The only way that I can see to deploy this much financial resource is by converting my Amazon winnings into space travel,” the Amazon founder said, adding that he was “liquidating” about $1 billion a year in Amazon stock to fund his space business, Blue Origin. “That is basically it.” But space travel might not be enough for Bezos these days. Over the past week, he unloaded roughly $4 billion of stock as Amazon’s market cap closed above...

February 9, 2020
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Uber is suspending shared Pool rides in North America to slow the spread of coronavirus

Uber is suspending shared Pool rides in North America to slow the spread of coronavirus

Uber is pausing its shared Uber Pool service in the US and Canada in an effort to slow the spread of coronavirus, .Uber Pool offers cheaper prices in exchange for riders sharing their trip with other passengers headed the same way. Uber has historically marketed the service as better for the environment and a way to get more people in fewer cars.Andrew Macdonald, Uber’s senior vice president of the global rides business, the company’s goal is “to help flatten the curve on community spread in the cities we serve.” Uber didn’t immediately respond to a Quartz request for comment.The...

March 17, 2020
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Amazon is acting like an independent nation in its battle against the coronavirus

Amazon is acting like an independent nation in its battle against the coronavirus

As pressure mounts on Amazon to keep its warehouses running while also addressing safety concerns from workers, the e-commerce giant has hatched plans to build its own Covid-19 testing facilities.Amazon announced this past week it has started assembling equipment for its first testing lab. The company said it hopes developing “incremental” testing capabilities will help it monitor the health of its hundreds of thousands of workers, including those displaying no symptoms of the virus.“Regular testing on a global scale across all industries would both help keep people safe and help get the...

April 12, 2020
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