Jeff Bezos, the man who made Amazon the Walmart of the Internet, says the same guiding principles behind his e-commerce giant will well serve his latest investment, The Washington Post.
"We've had three big ideas at Amazon that we've stuck with for 18 years, and they're the reason we're successful: Put the customer first. Invent. And be patient," he told Paul Farhi in an interview with the newspaper. "If you replace 'customer' with 'reader,' that approach, that point of view, can be successful at The Post, too."
His first interview since agreeing to buy the Post's publishing side for $250 million … Read more
Facebook sharing will extend far beyond the walls of the social network as the company has released its embedded posts feature to all members Wednesday.
Embedded posts are part of Facebook's play to link its network of 1.15 billion people to current affairs and breaking news. The feature, first released to a select group of media organizations last month, now lets anyone embed public Facebook updates, like the one below from CEO Mark Zuckerberg, on their own Web sites.
The sale of The Washington Post to tech heavyweight Jeff Bezos came as a surprise on Monday for many reasons, not the least of which is that he has never spent so much on any individual venture.
Bezos, who is most well-known as the CEO and co-founder of Amazon, also owns an investment firm called Bezos Expeditions. The firm manages Bezos' various investments, of which there have been many. The group also oversees various philanthropic projects, including an effort to recover the F-1 rocket engines from Apollo 11 from the bottom of the ocean, and restore them for public display. … Read more
Jeff Bezos is using 1 percent of his personal fortune of about $25 billion to buy a newspaper. This is the Bezos of Amazon, who remade the retail industry over the last two decades and leads a company whose stock went from $80 to $300 over the last five years with nary a profit.
This bodes well for the staff of the venerable Washington Post, which suffered layoffs, buyouts, and a talent drain as the Internet disrupted the newspaper business. A Bezos regime could mean that the paper will be less concerned about profitability and more focused on becoming the … Read more
Jeff Bezos, the chief executive of Amazon.com, entered an agreement with the Washington Post Co. Monday to buy its newspaper publishing businesses for $250 million, including its flagship newspaper after decades of family ownership.
The purchaser is an entity that belongs to Bezos and is not Amazon.com.
It follows other indications of Bezos' interest in news. He made a $5 million investment in Web news publication Business Insider earlier this year, and Amazon last week published a long-form Q&A with President Barack Obama on its Kindle Singles platform.
In a release, Washington Post Co. Chairman and … Read more
The race for a lab-grown meat alternative has been on for years. Modern Meadow, for example, has gone after a type of 3D-printed meat using bioprinting techniques. Dutch tissue engineer Mark Post is using stem cells to make a lab-grown hamburger, one that may be actually going down someone's gullet very soon.
Post's Cultured Beef Project has been in development at Maastricht University in the Netherlands for some time thanks to $325,000 in funding from an anonymous donor. Cow muscle stem cells are grown into miniscule strips of tissue. Each strip can take several weeks to grow. It takes 20,000 of these to make a single hamburger. It's a time-consuming and expensive product at this stage of the project.… Read more
Leaked from today's 404 episode:
- Check out the new Web site for Jill Schlesinger, CBS News senior business analyst!
- Bitcoin bubble burst? Currency suffers dramatic correction.
- Bitcoin drops another 35 percent as exchange reopens.
Leaked from today's 404 episode:
- Dudes: stop making the same face in every photo, or, a gentleman's guide to the selfie.
You can unfollow a Facebook post from the Web site with little effort, but unfollowing a post from your mobile device takes some work.
Unfollowing a post on Facebook allows you to comment on friend or family members post, perhaps a birth announcement or a promotion, and not be bombarded with alerts from the 50 other comments on the post all saying "congrats" or "woohoo." After you've done your social-media duty, do you really care what everyone else has to say? Take a look at this how-to for unfollowing posts on Facebook if this is … Read more