Since creating his online bookseller in 1994, Amazon's founder and chief executive has turned the company into the biggest retailer on the Web, with annual sales of more than $48 billion. In 2007, Bezos introduced the Kindle electronic book reader. It's now Amazon's top-selling item. The company is also a leading provider of cloud computer services.
With characteristic concern for coolness over commercial viability, Amazon.com Inc. Chief Executive Officer Jeff Bezos unveiled a new kind of delivery vehicle Sunday night. It’s called an octocopter, and it will fly all by itself, attuned to GPS coordinates, dropping off goods at customers’ doorsteps for same-day delivery.
Anyone who has survived a marathon phone session with an Internet service provider knows the frustration, not to mention the elevated stress level, associated with today’s automated world. In many cases, customer service has been supplanted by do-it-yourself phone menus and websites. In some cases, do-it-yourself beats doing it with a real person.
Stan Druckenmiller, who has one of the best track records in the hedge-fund industry over the past three decades, said he’s betting against shares of International Business Machines Corp. while wagering on younger technology companies such as Amazon.com Inc.