Items tagged with Jeff Bezos

It won’t be that long before space is a vacation destination. Space flight company Blue Origin announced that it has completed the rocket engine for its New Shepard spaceship and plans to begin tests before the end of the year. “The BE-3 has now been fired for more than 30,000 seconds over the course of 450 tests,” said Jeff Bezos, Blue Origin founder and Amazon CEO. “We test, learn, refine and then test again to push our engines. The Blue Origin team did an outstanding job exploring the corners of what the BD-3 can do and soon we’ll put it to the ultimate test of flight.” Tickets aren’t on sale... Read more...
Jeff Bezos, founder and chief executive officer of Amazon, is fed up with the patent system as it's currently implemented, and he's calling for change. It's an important topic in the field of technology, as Samsung can attest after losing a high-profile legal battle to Apple, in which it was slapped with a billion dollar fine for essentially copying the look and feel of Apple devices. Bezos didn't say whether or not he takes issue with Apple's patent victory over Samsung, but he did go on record as indicating that patents have lost their way and are now stifling innovation rather than protecting... Read more...
It's long been suspected that Amazon either sells its Kindle hardware at cost or at a loss, choosing instead to price its mobile devices aggressively and rake in the profits through content sales, such movies, music, and apps. With regards to the new Kindle Fire HD and Paperwhite models, Amazon isn't taking a hit on each sale, but it isn't making a dime either. "We sell the hardware at our cost, so it is break-even on the hardware," Amazon CEO Jeff Bezos told BBC News. "We want to make money when people use our devices, not when people buy our devices." The CEO's comments highlight the unique position... Read more...