Like the billions in public money destined for Amazon's benefit and that of the world's richest man, it's all perfectly legal.
The two employees decided to the buy units just before the first press reports surfaced that Amazon was likely to choose Long Island City for its new headquarters, Mr. Aguayo said. The buyers now live in New Jersey and Queens, he added.
While employees aren’t permitted to buy and sell stocks based on nonpublic information, several real estate lawyers said they were aware of no such prohibition for real-estate transactions.
The WSJ reports no "reliable figures" on sales in the area since Amazon's announcement (and immediately before it, evidently) but it's explosive. One brokerage says it sold 150 condos in the last four days, 15 times its normal volume.
In 2017, law student Lina Khan shifted the debate on Amazon and antitrust with a seminal paper called Amazon's Antitrust Paradox, which used Amazon's abusive market dominance to criticize the Reagan-era shift in antitrust enforcement, which rewrote the criteria for antitrust enforcement, so that antitrust no longer concerned itself with preventing monopoly, and only focused […]
This pencil pouch has over 35 times the legal limit of lead, 29 times the legal limit of cadmium.
Ring is a "smart" doorbell that Amazon bought for $1B in 2018, and proceeded to turn into an insecure, networked surveillance device, (possibly wired into Amazon's facial recognition system) and connected to law enforcement so that the company could advertise that owning a Ring made you a good citizen of your neighborhood, part of a […]
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If you’re into tools or gadgets, Memorial Day weekend is your Christmas. Take an extra 15% off the final price of these DIY accessories – all of which are already on sale – by entering the promo code WEEKEND15. LUXJET Universal 24-in-1 Magnetic Screwdriver Set & Repair Kit This small but sturdy kit won the […]
If you can build a cloud infrastructure, you can build a business. Companies are overwhelmingly turning to cloud computing to set up or bolster their network, and it’s easy to see why. It allows on-demand access to processing power, a la carte services, and nearly unlimited storage, all without adding extra systems and the maintenance […]