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Amazon
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  • Amazon has had talks with Simon Property Group about converting some of its mall spaces into fulfillment centers. The conversations started before the coronavirus pandemic, and before the latest wave of bankruptcy filings by mall stalwarts like Lord & Taylor, JCPenney, and Nieman Marcus.

  • The German Federal Cartel Office is noew investigating the allegation that Amazon abused a market-dominating position during the coronavirus pandemic.

    “We are currently investigating whether and how Amazon influences retailers’ pricing on the marketplace,” told Andreas Mundt.

    During the first months of the pandemic, there were complaints that Amazon had blocked retailers because of allegedly excessive prices.

    “Amazon must not be a price controller. That also applies now,” Mundt said.

  • Enemies of the people need analysts:

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  • New Amazon 100% Discounts, unfortunately the Amazon drivers or trucking company are independent contractors who are responsible for losses, not Amazon

  • Gen. Keith Alexander is joining Amazon’s board of directors, the company revealed in a Securities and Exchange Commission filing today. (Alexander has also been added to the company board’s official site.) A former director of the National Security Agency and the first commander of the US Cyber Command, Alexander served as the public face of US data collection during the Snowden leaks, but retired from public service in 2013.

    General got his personal carrier. Expect attacks soon. Lot of Chinese firms will be badly surprised.

  • Amazon is your friend, it wants to help you...

    Items listed as “sold by Amazon” saw price increases of anywhere from 48 percent for hand sanitizer (a product category that Amazon said it had placed restrictions on back in March), to 1,000 percent for packs of disposable face masks. In the case of toilet paper, for example, the non-profit group said it found a pack of eight rolls being sold for $36.39 back in June, while other retailers have charged just $6.89 for the same product. One bottle of antibacterial soap was listed at a high of $7, compared to a low of $1.49, an increase of 470 percent.

    https://www.citizen.org/article/prime-gouging/

  • Is it me or does Amazon act like a street-level criminal enterprise in some ways? Are recalled products vigorously recalled like how box stores are required to do? The whole shipping enterprise started as unmarked vans as if they're fencing stolen goods out of the back of them. Was there any registration involved? I know rideshare apps skirted regulations, initially.. It seems, even today, like the company goes as far as it can to skirt the law and governments are too milquetoast to do anything about it.

  • @robertGL

    It seems, even today, like the company goes as far as it can to skirt the law and governments are too milquetoast to do anything about it.

    Good capitalist companies always do all the same, they become one with government and bend the laws as they want.

  • We are opening 100 buildings this month alone across new fulfillment and sortation centers, delivery stations, and other sites.

    We are proud to be hiring 100,000 new associates with pay of $15 per hour or more across those buildings and in our network. Our expansion also comes with an unwavering commitment to safety. Collectively, our new team members have already completed more than 1,200,000 hours of safety training, with over 500,000 more hours expected, to ensure that in addition to fast and efficient delivery for our customers, we're providing a safe and modern environment for our employees and partners, said Dave Clark, Senior Vice President of Worldwide Operations at Amazon.

    Shitty new world.

  • Amazon generated $1.6 billion in profit and $3.9 billion in revenue for the USPS in fiscal year 2019, with the postal service delivering 1.54 billion packages for the e-commerce giant. That represented about 30 percent of Amazon’s total volume last year.

    https://www.washingtonpost.com/us-policy/2020/09/17/usps-trump-coronavirus-amazon-foia/

  • Amazon is launching a new environmental program called Climate Pledge Friendly that will label certain products that meet one of 19 certifications for sustainability. The goal is to help climate-conscious consumers make a better decision about whether to buy one product over another by letting them know when a brand has made an effort to reduce its carbon footprint. Amazon says more than 25,000 products should now display the program’s label.

    Each time I see this "carbon footprint" mumbo jumbo I want to do something bad with capitalists who, instead of making good designed and repairable products, want to sell label to brands to get from you extra profits.

  • TechCrunch has discovered that parts of Amazon’s law enforcement request portal are visible to anyone on the web without requiring a login. They show what officers need to make requests, and how relatively easy it is to make some demands.

    Police can ask for a host of sensitive details, including order ID numbers, device serial numbers, payment details, and even Social Security numbers for delivery drivers. They can share domain names and IP addresses if they’re looking for Amazon Web Services data, too.

    No court order or any paper proofs are necessary, any police officer can browse your data and that you ordered even 4 years ago.

    https://techcrunch.com/2020/09/27/this-is-how-police-request-customer-data-from-amazon/

  • Humans treated as cheap robots

    A fulfillment center south of Amazon's Seattle headquarters called BFI3 had a rate of 22 serious injuries for every 100 workers. That's a clip that's five times higher than the current industry standard and more than even Amazon's average.

    What makes injuries more likely to occur at Amazon's automated warehouses is that the company has unrealistic expectations of the human employees that work there. Where workers called pickers previously had to scan about 100 items every hour, now Amazon expects them to scan up to 400 products in the same amount of time. Those employees can't keep with the robots without hurting themselves.

    https://revealnews.org/article/how-amazon-hid-its-safety-crisis/

  • The European Union is serving formal antitrust charges to Amazon, saying that the retailer has misused its position to compete against third-party businesses using its platform. Officials, led by competition chief Margrethe Vestager, believe there is enough evidence to charge the company for this misuse. This data, so the claim goes, was used by Amazon to build copycat products to undercut these independent businesses, especially in large markets like France and Germany.

  • Amazon warehouse workers in several countries are planning to carry out strikes and protests on Black Friday, one of the biggest sales events of the year for the company. Among other things, they'll call on Amazon to improve pay and safety conditions, and respect their right to organize. Social and environmental justice activists plan to join the workers in their actions

    This time around, protests, strikes and other actions will take place in the US, the UK, Mexico, Brazil, India, Australia and nine other nations. The coordinated effort is called #MakeAmazonPay.

    Amazon instantly found $300 per worker to throw to silence stuff.

  • Amazon is doing good in France

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  • Report estimates that Amazon was responsible for 465 million pounds of plastic packaging waste last year. Amazon says that figure is overblown — by over 350 percent.

    https://plastics.oceana.org/wp-content/uploads/2020/12/Amazons-Plastic-Problem-Revealed-December-15-2020-Oceana.pdf

  • Big badaboom coming

    Amazon.com, Inc. announced financial results for its fourth quarter ended December 31, 2020.

    • Operating cash flow increased 72% to $66.1 billion for the trailing twelve months, compared with $38.5 billion for the trailing twelve months ended December 31, 2019.
    • Free cash flow increased to $31.0 billion for the trailing twelve months, compared with $25.8 billion for the trailing twelve months ended December 31, 2019.
    • Free cash flow less principal repayments of finance leases and financing obligations increased to $20.3 billion for the trailing twelve months, compared with $16.2 billion for the trailing twelve months ended December 31, 2019.
    • Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations increased to $21.4 billion for the trailing twelve months, compared with $12.5 billion for the trailing twelve months ended December 31, 2019.
    • Common shares outstanding plus shares underlying stock-based awards totaled 518 million on December 31, 2020, compared with 512 million one year ago.

    Fourth Quarter 2020

    • Net sales increased 44% to $125.6 billion in the fourth quarter, compared with $87.4 billion in fourth quarter 2019. Excluding the $1.7 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 42% compared with fourth quarter 2019.
    • Operating income increased to $6.9 billion in the fourth quarter, compared with operating income of $3.9 billion in fourth quarter 2019.
    • Net income increased to $7.2 billion in the fourth quarter, or $14.09 per diluted share, compared with net income of $3.3 billion, or $6.47 per diluted share, in fourth quarter 2019.

    Full Year 2020

    • Net sales increased 38% to $386.1 billion, compared with $280.5 billion in 2019. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 37% compared with 2019.
    • Operating income increased to $22.9 billion, compared with operating income of $14.5 billion in 2019.
    • Net income increased to $21.3 billion, or $41.83 per diluted share, compared with net income of $11.6 billion, or $23.01 per diluted share, in 2019.

    Amazon is also announcing today that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy will become Chief Executive Officer at that time.

    “Amazon is what it is because of invention. We do crazy things together and then make them normal. We pioneered customer reviews, 1-Click, personalized recommendations, Prime’s insanely-fast shipping, Just Walk Out shopping, the Climate Pledge, Kindle, Alexa, marketplace, infrastructure cloud computing, Career Choice, and much more,” said Jeff Bezos, Amazon founder and CEO. “If you do it right, a few years after a surprising invention, the new thing has become normal. People yawn. That yawn is the greatest compliment an inventor can receive. When you look at our financial results, what you’re actually seeing are the long-run cumulative results of invention. Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”

  • Amazon recently told workers at its in DCH1 warehouse in Chicago they had to take 10-hour overnight shifts at a new warehouse or risk losing their jobs,

    People are like screws, can be kicked and tightened.

  • Online retailer Amazon is massively transferring employees of its warehouses in the United States on a 10-hour night shift. Those who disagree with the new work schedule, which regional managers informally call "megacycle", are offered to quit.

    The new operating mode is designed to improve the efficiency of logistics, and, consequently, to reduce the time interval from the moment the customer places an order to the courier's visit to his home. However, Amazonians United, the unofficial trade union of the retailer's workers, considers this approach "cruel," noting that the corporation pursues its own goals at the expense of the health and safety of employees.

    One of Amazon's recent "optimization victims" is the so-called DCH1 warehouse in Chicago, Illinois. The management decided to liquidate DCH1 and transfer its personnel to work in a similar structure of a new format and under new conditions. Employees were asked to switch to opening hours from 1:20 am to 11:50 am.