Amazon Inc. founder Jeff Bezos’ net worth topped the US$150-Billion mark on Monday morning, making him the richest man in history.
Bezos crossed the symbolic threshold as Amazon was kicking off its 36-hour Amazon Prime Day summer sales event, aka Christmas in July.
Bezos’ net worth has soared by US$52-billion this year. So far.
Bezos is now worth some US$55-billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person.
His personal fortune is within spitting distance of the Walton (Walmart) family’s US$151.5-billion, the world’s richest family dynasty.
I received a link from a friend offering George Orwell’s 1984 for $1.99. When I visited the link, it was offered to me at $.057. When I signed in, the price jumped to $3.00. So I tried it again on a different laptop and got the same results. Then I tried it again on my iPad.
The above photo is a screenshot from my iPad Pro. I’m logged into Amazon.com with Chrome on the right ($3.00) and not logged in with Safari on the left ($0.57). At first glance, everything else seems to be the same.
It’s not expensive. That’s not the issue. How often does this individual pricing happened (answer is all the time) and what are the metrics that determine who gets preferential pricing? Who is paying more because Amazon figures they can afford to. That’s what I want to know.
What pricing do you get when you hit that link?
The irony that this is happening with George Orwell’s book about big brother is not lost on me.
The Wall Street Journal is reporting this morning that Amazon is gearing up to launch a delivery service that will compete with UPS and FedEx in the U.S.
The service is said to be called “Shipping with Amazon” or SWA, and will have the tech giant picking deliver packages from third parties to customers along with it’s own warehouses and stores.
Original article [paywall]: Laura Stevens, Wall Street Journal
UPS, FedEx Decline on Report of Amazon Package-Delivery Venture – Mary Schlangenstein, Bloomberg
This is good news for the consumer. But the stock price of other healthcare companies dropped significantly on the news.
Caroline Humer and Ankur Banerjee for Reuters:
Amazon.com Inc, Berkshire Hathaway and JPMorgan Chase & Co will form a healthcare company aimed at cutting costs for their U.S. employees, they said on Tuesday, sending shares in the broad healthcare sector sharply lower.