Tag: Amazon.com Inc

New York City Needs Amazon as Much as Amazon Needs Us

For decades, experts have called for the diversification of the New York City economy. In the wake of postwar deindustrialization, our reliance on Wall Street and the financial industry in general had by the 1990s left our city disproportionately vulnerable to swings in the financial markets. We have experienced significant […]

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Amazon’s HQ2 in Virginia Leaves a Real Estate Firm Poised to Cash In

Two years ago, Matt Kelly couldn’t have known that a failed merger involving his real estate firm would propel him toward a central role in Amazon’s expansion plans. In May 2016, Mr. Kelly and his firm, then known as the JBG Companies, had an agreement to merge with a large […]

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New York’s Amazon Deal Is a Bad Bargain

Throughout its 14-month search for a second headquarters — which has concluded with the dual selection of Long Island City, Queens, and Arlington, Va. — Amazon talked of its need for things like transportation, housing and a business-friendly environment. But did Amazon really select New York City for its transportation […]

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Amazon HQ2: How New York and Virginia Won the Beauty Contest

After 14 months of pitches, meetings and offers of incentives and name changes, Amazon announced on Tuesday that its second headquarters would be on two sites: one in Long Island City, Queens, and another in Arlington, Va. The company is also developing a smaller operations and logistics facility in Nashville. […]

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Cities Should Stop Playing the Amazon HQ2 Bidding Game

It’s official: Amazon has anointed New York and Northern Virginia as locations for a major expansion, involving at least 25,000 employees and an investment of $5 billion. The announcement is the culmination of an intense bidding war among 238 cities for Amazon’s promise of $50 billion in investment and 50,000 […]

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Amazon Announces New York and Virginia as HQ2 Picks

SEATTLE — Amazon laid out its plans for two of the biggest economic development projects in the country on Tuesday, announcing that it will put major corporate outposts in New York City and Arlington, Va. The two locations, in Long Island City in Queens and Crystal City in Arlington, just […]

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Amazon’s New Neighbor: The Nation’s Largest Housing Project

Until recently, the most important thing to know about Amazon for residents of the Queensbridge Houses, the country’s largest public housing project, was that any packages left in a lobby would likely be stolen. But Amazon may soon be a far larger presence in their New York City neighborhood. The […]

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New York Should Say No to Amazon

This week, word leaked that Amazon may be close to finalizing a deal to set up a major operation in Long Island City, Queens. The news, which was embraced with peak sycophancy by Gov. Andrew Cuomo — he literally offered to change his name to “Amazon Cuomo” to make it […]

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Google Is Said to Be Shopping for More Real Estate in New York

SAN FRANCISCO — Amazon may not be the only technology giant considering a big expansion in New York. Google is in discussions to move into a planned 1.3 million square foot office complex at the St. John’s Terminal building on Manhattan’s West Side, according to a person with knowledge of […]

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In Superstar Cities, the Rich Get Richer, and They Get Amazon

ImageA view of Crystal City in Arlington, Va.CreditJared Soares for The New York Times In the end, even Amazon has behaved according to this rule: In the modern tech economy, cities that already have wealth, opportunity, highly educated workers and high salaries will just keep attracting more of them. Of […]

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Sears, the Original Everything Store, Nears a Bankruptcy Filing

Sears more than a century ago pioneered the strategy of selling everything to everyone. But it has long since given up that mantle as a retail innovator. It was overtaken first by big box retailers like Walmart and Home Depot and then, by Amazon as the go-to shopping destinations for […]

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Amazon Sets Its Sights on the $88 Billion Online Ad Market

Last year, the jeans maker Levi Strauss & Company shifted some of its advertising spending away from YouTube to Amazon, where it sharply increased its use of display ads, according to a May report by Gartner L2. In doing so, Levi’s increased the brand’s visibility in Google searches, driving shoppers […]

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DealBook: Silicon Valley Doesn’t Like Trump. It Can Still Work With the Government.

Alex Karp grew up in a liberal household and considers himself a progressive. He voted for Hillary Clinton, and he lives and works in Silicon Valley. Yet Mr. Karp, the chief executive of Palantir, has found himself increasingly at odds with his peers in the technology industry as it publicly […]

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Amazon Removes Products Featuring Nazi Symbols

SAN FRANCISCO — Amazon said this week that it would not let third-party retailers sell products that feature Nazi and white nationalist symbolism on its platform, amid pressure from nonprofit groups and lawmakers. In a letter dated Tuesday to Representative Keith Ellison, a Democrat from Minnesota, Amazon said it had removed products that violated its […]

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Apple’s $1 Trillion Milestone Reflects Rise of Powerful Megacompanies

U.S. Steel. General Motors. AT&T. Exxon Mobil. Small potatoes. Apple on Thursday reached a milestone that these icons of capitalism never dreamed of: a market value of more than $1 trillion. That landmark is the result of an extraordinary corporate success story. In a span of just 21 years, a near-bankrupt computer maker evolved into […]

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State of the Art: Stumbles? What Stumbles? Big Tech Is as Strong as Ever

Regulatory pressure isn’t having a huge impact The European Union recently fined Google $5.1 billion for abusing its mobile software monopoly, which followed a $2.7 billion fine last year for abuse of its search monopoly. (Google is appealing both decisions.) Apple agreed last year to pay nearly $16 billion in back taxes to the European […]

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Sean Spicer Takes Questions Again, This Time Peddling His Book

Sean Spicer has written a book. And to promote it in interview after interview, he seems willing to relive his darkest moments as White House press secretary. A National Public Radio host grilled him last week about President Trump’s inauguration crowd, yet again. A BBC anchor told him Monday that he had “corrupted discourse for […]

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Streaming: On Netflix, a Genuine Nail-Biter, and on Amazon, a Genuine Eccentric

AS IS TRUE OF LIFE itself, a streaming service is like a box of chocolates: packed with delicious treats of dubious nutritional value. No, that’s not it. It’s more the “you never know what you’re going to get” thing. In that spirit, I am pleased to inform readers who are Amazon Prime members that they […]

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Economic View: How Consumers Can Resist Companies’ Market Power

A basic rule of economics is that the price depends on how willing consumers are to buy something else. The less consumers pay attention when they buy — and the more they just follow a set shopping pattern — the greater the market power possessed by the seller, and the more that seller can charge. […]

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Who Gets Left Out of the Urban Tech Boom?

Whether it’s Amazon, Google or their future competitors, as the tech industry pours money resources into Pittsburgh, it needs to look more closely at where exactly that money is going. It could be going to Wilkinsburg. The town has great infrastructure. It has its own highway exit off Interstate 376 and great access to public […]

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Tech We’re Using: When a Tech Reporter Doesn’t Use Much Tech

How do New York Times journalists use technology in their jobs and in their personal lives? David Streitfeld, a technology reporter in San Francisco, discussed the tech he’s using — and not using. For a tech journalist, you don’t use a lot of tech. One of the great victories of the tech industry was insisting […]

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The Era of Streaming Niche Sports Dawns

Karate Combat, a full-contact karate league, held its first event in Miami in April. Only a few hundred fans were in attendance, which was intentional for this niche sports organization that launched this year and is far more focused on making money from media deals than putting people in seats. Michael DePietro, Karate Combat’s chief […]

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