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Stockreport

Jeff Bezos remains committed to Washington Post amid brutal layoffs, top editor says [CNN]

Amazon.com, Inc. (AMZN)  More Company Research Source: CNN
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
“He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that, however, arguing that the institution can't cut its way to growth. Roughly one in three employees were laid off on Wednesday, including more than 300 in the newsroom, according to people with knowledge of the matter. The severe cutbacks further intensified scrutiny of Bezos, leaving many Post journalists wondering whether he'll sell the publication, and leading some to hope that he will. “If Jeff Bezos is no longer willing to invest in the mission that has defined this paper for generations and serve the millions who depend on Post journalism, then The Post deserves a steward that will,” The Post Guild said in a statement. Bezos has not commented on his current vision for the Post, but he has privately pushed management to reverse the newspaper's annual losses, return it to profitability and find a sustainable path forward. In a phone inte [Read more]
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Stockreport

Jeff Bezos remains committed to Washington Post amid brutal layoffs, top editor says [CNN]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: CNN
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
“He wants the Post to be a bigger, relevant, thriving institution,” executive editor Matt Murray said. Many Post journalists doubt that, however, arguing that the institution can't cut its way to growth. Roughly one in three employees were laid off on Wednesday, including more than 300 in the newsroom, according to people with knowledge of the matter. The severe cutbacks further intensified scrutiny of Bezos, leaving many Post journalists wondering whether he'll sell the publication, and leading some to hope that he will. “If Jeff Bezos is no longer willing to invest in the mission that has defined this paper for generations and serve the millions who depend on Post journalism, then The Post deserves a steward that will,” The Post Guild said in a statement. Bezos has not commented on his current vision for the Post, but he has privately pushed management to reverse the newspaper's annual losses, return it to profitability and find a sustainable path forward. In a phone inte [Read more]
IMPACT SNAPSHOT
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AMZN
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Price Change %
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Volume Ratio
%
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Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS