Theo Wayt

1 week ago | theinformation.com | Theo Wayt

Source: The InformationOnline bargain seller Temu is pulling back from buying digital ads on services including Google, Facebook and Instagram as U.S. tariffs strike at the heart of its direct-from-China business model. In early April, when President Donald Trump announced sweeping tariffs on U.S. trading partners, Temu parent WhaleCo Inc. had 60,000 active image, text and video ads on Google, according to the search giant’s ad transparency tool.

2 weeks ago | theinformation.com | Theo Wayt

Source: The InformationAmazon CEO Andy Jassy earned $40.1 million last year, according to Amazon’s proxy statement published on Thursday. That figure includes stock that vested during the year, as well as salary, and was a 37% increase from the $29.2 million Jassy earned in 2023. Even though Jassy had 6% fewer shares vest in 2024 than 2023 under a 10-year equity grant he received when he became CEO, a surge in Amazon’s share price boosted the value of his compensation, Amazon said.

2 weeks ago | theinformation.com | Theo Wayt

Source: The InformationAmazon is scheduled to launch the first non-prototype satellites for its Project Kuiper internet service into orbit on Wednesday night. The launch, which will bring 27 Kuiper satellites into orbit, is scheduled to take place after 7 p.m. EST on Wednesday in Cape Canaveral, Fla., according to Amazon. Amazon is launching the satellites aboard a rocket from United Launch Alliance, which is jointly run by Boeing and Lockheed Martin.

2 weeks ago | theinformation.com | Theo Wayt

Source: Bloomberg NewsAmazon has cancelled some wholesale orders for products manufactured in China and other Asian countries, Bloomberg reported on Wednesday. One order that Amazon cancelled last week was for $500,000 worth of beach chairs manufactured in China, according to Bloomberg. Amazon also reportedly cancelled some orders for scooters and air conditioners.

2 weeks ago | theinformation.com | Theo Wayt

Source: The InformationAmazon is broadening its Temu bargain shopping competitor, Haul, to offer a wider variety of goods, including name-brand items from Amazon’s own inventory that it ships from U.S. warehouses. When Amazon launched Haul late last year, the storefront only offered unbranded products from outside sellers that shipped to U.S. shoppers from China with delivery times of more than a week.