Latest news with #amazon
Time of India
10 hours ago
- Business
- Time of India
Amazon founder Jeff Bezos sells $737 million worth of Amazon shares under Rule 10b5-1: What it is
jeff bezos sells amazon shares Amazon founder and executive chairman Jeff Bezos has sold around $737 million worth of Amazon stock in recent days. This is the biggest major divestment made by Jeff Bezos this year. The transactions made by Bezos were executed under the prearranged trading plan known as Rule 10b5-1. For those unaware, Rule 10b5-1 is a regulation from the Securities and Exchange Commission (SEC) that lets insiders at public companies set up a plan to sell their shares ahead of time. Under this rule, major shareholders can schedule the sale of a fixed number of shares at a set time, helping them avoid accusations of insider trading. Many company executives use 10b5-1 plans for this reason. The rule was introduced to clarify Rule 10b-5, part of the Securities Exchange Act of 1934, which is the main law used to investigate securities fraud. Jeff Bezos sells $737 million worth of Amazon shares According to the regulatory fillings made public on July 1, 2025, Amazon founder sold around 3.3 million shares of the e-commerce major. Some of the stocks were offloaded late last week and some were sold early this week. The sale of the stocks coincided with Bezos' lavish wedding in Italy. Despite the sale of $737 million worth of Amazon shares, Bezos is still the largest shareholder in the company. Bezos still has around 905 million shares of Amazon. He has historically used stock sales to fund ventures like Blue Origin, his space exploration company, and philanthropic efforts including the Bezos Earth Fund and Day One Fund. Jeff Bezos sold up to 25 million Amazon shares This is not the first time this year that Jeff Bezos has sold Amazon Shares. Amazon founder offloaded around $4.8 billion worth of the company's stocks over recently. As revealed in a regulatory filing, the former CEO plans to sell up to 25m shares through trading plan "intended to satisfy Rule 10b5-1(c)" that ends on May 29, 2026. Bezos has previously sold $13.4bn of Amazon stock in 2024. With the planned sell off revealed in the Friday regulatory filing, he will now own less than 9% of the e-commerce business. Despite this, Bezos' remaining shares are worth about $170 billion in the $2 trillion company. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
IOL News
2 days ago
- Entertainment
- IOL News
Kylie Jenner's nearly-white dress at the Bezos-Sánchez wedding sparks backlash online
The dress Kylie Jenner wore to Jeff Bezos's wedding caused a stir online. Image: Instagram / kyliejenner Jeff Bezos and Lauren Sánchez's glamorous wedding on the Venetian island of San Giorgio Maggiore was always going to be a star-studded affair, but it's Kylie Jenner's outfit that unexpectedly stole the spotlight, and not in a good way. The reality TV star and beauty mogul arrived at the black-tie ceremony in a custom corseted gown by Turkish-born, London-based designer Dilara Fındıkoğlu. Described by the label as 'icy blue,' the dress appeared strikingly white in many photos, triggering a wave of online criticism from social media users who felt the look was inappropriate for a wedding guest, especially one of such high profile. Social media lit up with disapproval, with many accusing Kylie of breaking one of the oldest and most universally known fashion rules: don't wear white to someone else's wedding. Here's what some X users had to say. @JPS857, wrote: 'I saw photo of Kylie Jenner in dress, no question a beauty, I digress, but why wear a white (they said white gray something color) looked white to me, to a wedding and be the only one apparently to do so? That will f*k up all your amazon orders for life, right?' @WilyRylee joked: 'Kylie Jenner wearing a white dress to someone else's wedding is very... her. Anyway, I would've beat her ass during cocktail hour, but that's just me.' And @MacclassDiane didn't hold back saying: 'What was Kylie Jenner thinking?! Did no one else tell her that you shouldn't wear anything remotely like a bride either in colour or style to a wedding?!' While Kylie's dress blurred the lines between edgy and etiquette-breaking, her sisters kept things elegant and appropriate. Kim Kardashian wore a shimmering vintage chocolate-brown Versace dress with a crystal mesh overlay, paired with stacks of diamond jewellery. Kendall Jenner opted for classic black with a sleek, floor-length gown, elevated by a statement-making 250-carat Colombian emerald necklace and earrings from Lorraine Schwartz. Lauren Sánchez herself wore a stunning custom Dolce & Gabbana gown which featured a high-neck, long-sleeved, lace mermaid dress adorned with intricate appliqué work and 180 hand-covered buttons. Her cathedral-length tulle veil and classic silhouette nodded to timeless Old Hollywood glamour.
New York Post
17-06-2025
- Business
- New York Post
Amazon makes drastic change to this year's Prime Day that will benefit bargain shoppers
Here's a primer on the upcoming Amazon deals. Amazon's Prime Day is about to get even bigger — and bargain hunters will soon have a whole lot more time to score incredible deals. For the first time, Amazon is extending its highly anticipated shopping event from two days to four. Amazon Prime Day deals will now be offered for four days this summer. TIkTok/@amazon The 2025 Prime Day will begin at 12:01 am PDT on July 8 and run through July 11. This is the event's first change since 2017, when the annual summer sale increased from one day to two. Amazon's Prime Day has long been a fan favorite for online shoppers with its steep discounts on everything from high-tech gadgets to household essentials. No matter what you're stocking up for, with more days to shop and an even broader selection, shoppers are sure to find something they want for cheap. This year's sale kicks off on July 8. Christopher Sadowski 'With an extended 4-day event, our Prime members will have more time and flexibility to conveniently shop, while enjoying exclusive deals and incredible savings,' an Amazon spokesperson told the Daily Mail. The move comes at a time when inflation and economic uncertainty have made consumers more likely to pinch their pennies. The extended day sale will allow customers to take their time before pulling the trigger on a major buy. TIkTok/@amazon Having more time to pull the trigger on an Amazon purchase allows shoppers to take a strategic approach to their purchases. And extending the sale isn't the only change Amazon has announced for this sale. This year's Prime Day will introduce 'Today's Big Deals,' a daily themed deal drop that features some of the event's most exciting savings. Shoppers can expect exclusive discounts on items in all categories that Amazon sells, with new deals launching daily at midnight PDT. The event that takes place across 20 countries, including the U.S., the UK, Germany, Japan, and Australia — is only for Prime members. This is a situation where, sometimes, an annual fee ends up saving you money in the long run. This year, Amazon is upping its game with new AI-powered shopping tools that make it easier than ever to track deals. Prime members can use Amazon's generative AI assistant, Rufus, to find personalized recommendations based on their shopping interests. Whether you're an Amazon veteran or a newcomer, Prime Day 2025 promises to be one for the books — the only product they used to sell.
Hindustan Times
31-05-2025
- Business
- Hindustan Times
Amazon hire unable to start job due to this H-1B visa hurdle, Reddit weighs in
Landing a job at Amazon is a dream come true for many techies. But what's the catch here? Securing a U.S. visa. One newly hired Amazon employee recently took to Reddit to share their frustrating visa-related ordeals, that's put their career in question. 'I recently received an offer from Amazon (super grateful for that!), but I'm currently facing an issue with the timing of my H1B transfer,' the candidate wrote. Notably, after getting selected in this year's H-1B lottery, the candidate now faces a technical barrier. Although Amazon offered a start date of 6 August, immigration lawyers have advised against joining on OPT (Optional Practical Training), warning that it could jeopardise their H-1B status down the line. ALSO READ| Just one straight answer cost a Delhi student his US visa, Reddit speculates what went wrong 'Amazon can only file my H1B transfer petition around October 2nd, and I can start as soon as the receipt notice is issued, which usually happens the next day,' the candidate explained. 'I confirmed with an immigration lawyer that I don't need to wait for approval to start — the receipt notice is enough.' The delay in the petition filing means the employee can't start work until October. 'My recruiter said she's working on matching me with a team that can accommodate an October start, since my current team might need someone earlier. I'm hoping they can check with the same team again, but I totally understand if business needs don't allow that,' they added. For many Indian professionals on the H-1B path, this limbo is all too familiar. It's not just about delayed job starts, it's about paused career growth, delayed financial stability, and the weight of life plans that hinge on a single piece of paperwork. The Redditor asked fellow users if Amazon, 'I heard that the Amazon interview result is valid for a year — is that true?' While responses varied, one user suggested, 'Might be worth asking in blind or Amazon employees sub. Depending on your role, you might get matched to another team without interviewing or might need to as well. But I'm sure this is something they've dealt with so should have a plan.' ALSO READ| One honest answer cost him his US visa, claims Indian, Reddit weighs in 'Don't jeopardise the H1B. You'll hopefully get Amazon again. Just stay in touch with the recruiter,' another commented. 'Stay with your current employer on h1b and then move to amazon in Oct. are you approved for l4 or l5? You don't need to interview, but keep a connection with recruiter, he will find you a role in Oct,' one user tried to understand the situation better.
The Irish Sun
29-05-2025
- The Irish Sun
‘Critical' warning for millions of Brits over list of doomed Fire Stick alternatives that leave you with broken TV
A "CRITICAL" warning has been given to millions of Brits over a list of doomed Fire Stick alternatives that can leave you with a broken TV. Streaming sticks provide access to the biggest apps around, as well as some hidden gems packed with free TV and channels to watch instantly. Advertisement 3 A "critical' warning has been given for millions of Brits over a list of doomed Fire Stick alternatives that can leave you with a broken TV Credit: amazon 3 Roku users with older streaming players need to face a critical decision about upgrading their stick. Credit: Getty Many legacy Roku devices have reached the end of their lifecycle and users need to face a critical decision about upgrading. Because Roku and its channel partners, including Netflix, have ceased providing software updates and support for these models . This means that a growing number of apps are either malfunctioning or completely incompatible. This leaves users with outdated devices unable to access the full streaming experience they once enjoyed. Advertisement Tech News With streaming technology evolving rapidly, these older players lack the processing power and software capabilities to keep up with modern app requirements. Roku has therefore recommended upgrading to newer models for a seamless experience reports The decision to end support for older devices stems from the increasing complexity of streaming apps. Which requires more robust hardware to deliver high-definition video, enhanced user interfaces, and new features like 4K resolution and HDR. Advertisement Most read in Tech Without updates, the devices are stuck on old versions of the Roku OS, causing apps like Netflix, Disney+, and YouTube to buffer endlessly, display errors, or fail to load entirely. For instance, Netflix, ESPN+ and more will fail to load, citing compatibility issues with its updated app. Owners of dodgy Fire Sticks for illegal streaming warned of unexpected danger that's already affected 2.7million people Other services have followed suit, and the list of unsupported apps continues to grow, leaving these devices increasingly obsolete. The following Roku models are no longer supported, meaning they will not receive new Roku OS updates, firmware patches, etc: Advertisement The Roku HD (pre-2011), Roku HD-XR (pre-2011), Roku SD (pre-2011), Roku XD (pre-2011) and the Roku XDS (pre-2011). The Roku LT (Model: 2700X), Roku 1, Roku 2, and the Roku 2 HD/XD/XS (2011) and the Roku Streaming Stick (Model: 3500X). Roku Models No Longer Supported The following Roku models are no longer supported, meaning they will not receive new Roku OS updates, firmware patches, etc. Roku HD (pre-2011) Roku HD-XR (pre-2011) Roku SD (pre-2011) Roku XD (pre-2011) Roku XDS (pre-2011) Roku LT (Model: 2700X) Roku 1 Roku 2 Roku 2 HD (2011) Roku 2 XD (2011) Roku 2 XS (2011) Roku Streaming Stick (Model: 3500X) Roku has encouraged affected users to upgrade and now is a great time with many Roku players are on sale. Advertisement For those who want the best picture quality, The streaming gadget giant also claims that its sticks are among the most compact around, coming in at 35 per cent smaller than rivals "without compromising performance or speed". These devices also offer features like universal search and enhanced remotes, which are absent on legacy models. While older devices may still function for some apps, the risk of further service disruptions makes upgrading a necessity for those that want to enjoy their streaming. Advertisement 3 Older devices may still function for some apps but the risk of further service disruptions makes upgrading a necessity Credit: Walmart
