The Amazon founder is building a clock that will last for 1,000 decades. Wait, what?
By Anne VanderMey, reporter
FORTUNE -- As any Amazon (AMZN) investor will tell you, Jeff Bezos believes in long-term thinking. Make that really, really long-term thinking. So long, in fact, that he's spending at least $42 million to build a giant clock that will tick for 10,000 years deep inside a mountain in West Texas.
The clock MOREAug 6, 2013 1:24 PM ET
The man who wrote the first good book about Apple sings the praises of Jeff Bezos.
FORTUNE -- The news Monday that the Washington Post has been purchased by Jeff Bezos, the founder and CEO of Amazon (AMZN), has launched hundreds of stories and tweets -- including Andy Borowitz's Amazon Founder Says He Clicked on Washington Post by Mistake.
Nothing gets the chattering classes chattering like the sale of a storied newspaper -- especially MOREPhilip Elmer-DeWitt - Aug 6, 2013 11:43 AM ET
Ever since Netflix's 2011 stumble, when it announced a price increase and a spinoff of its DVD business, the company has concentrated on pleasing customers. The latest: allowing customers to create their own user profiles.
FORTUNE -- As Apple (AAPL) continues to send out near-daily barrages of product updates for iTunes, Netflix continues to focus squarely on improving its customer experience.
The latest example of this is Netflix's (NFLX) new user profiles, MOREDan Mitchell, contributor - Aug 2, 2013 12:56 PM ET
The White House says Amazon's warehouses provide "high-wage" jobs. Not quite.
FORTUNE -- Amazon's announcement that it is planning to create thousands of new jobs in warehouses across the country is good news. Thousands more Americans will be working, paying taxes, and shopping. It will pull some families out of poverty and keep some others from falling into it.
But the very fact that the announcement is being heralded as a big MOREDan Mitchell, contributor - Jul 30, 2013 11:29 AM ET
Apple posted record quarterly sales and got a one-day bounce in the stock market. Amazon posted its third quarterly loss in a row and hit an all-time record high.
FORTUNE -- In November, the last time we compared Apple's (AAPL) and Amazon's (AMZN) price-to-earnings ratios -- the simplest and most widely used metric to gauge the relative value of a pair of stocks -- Apple's trailing PE was 13 and Amazon's was MOREPhilip Elmer-DeWitt - Jul 29, 2013 5:08 AM ET
Will consumers buy as many e-books when they can borrow them?
By Verne Kopytoff
FORTUNE -- Amazon's dominance in digital books is under perpetual attack by Google (GOOG) and Apple (AAPL). Now you can add another threat to the list: the public library. That's what an analyst from Barclays suggested in a recent research report. Consumers will likely avoid buying e-books if they can borrow them from the library for free.
"As MOREJul 22, 2013 10:13 AM ET
More firepower in the startup's bid to transform interactive books.
FORTUNE -- Just five months after digital book publisher Inkling launched Habitat, a set of cloud-based tools that let users create interactive books, the startup has picked up two powerful new partners. Publishing giants Pearson and Elsevier have announced multi-million dollar deals to use Inkling to build digital versions of the textbooks, scientific and technical journals they publish. The news comes MOREJessi Hempel, writer - Jul 17, 2013 12:20 PM ET
I thought the judge was coming around to Apple's point of view. I was wrong.
FORTUNE -- The benches were hard. The courtroom was over-cooled. The reporting challenges were daunting (no Wi-Fi, no cellphones, no laptops). But the drama that unfolded over three weeks of testimony was compelling, and I was happy to be one of a handful of reporters who sat through the whole thing.
I thought I had a good handle MOREPhilip Elmer-DeWitt - Jul 11, 2013 8:28 AM ET
Apple's appeal of the trial judge's verdict will hinge on the last 38 pages of her decision.
FORTUNE -- The first 122 pages of the 160-page ruling against Apple (AAPL) that U.S. District Judge Denise Cote handed down on Wednesday could have been written before the trial began.
In fact, most of them probably were.
Judge Cote was familiar with the case from having supervised the proceedings by which the five so-called Publisher MOREPhilip Elmer-DeWitt - Jul 10, 2013 1:30 PM ET
The media companies that are selling Hulu aren't bargaining over price so much as what kind of deals they can get from the new owners.
FORTUNE -- Now that all the bids are in for Hulu, the question is: What will become of the service? And the answer is: Nobody knows for sure, but it's possible that the Hulu as we know it will disappear, or at least be diminished from MOREDan Mitchell, contributor - Jul 10, 2013 6:40 AM ET
|2 million Facebook, Gmail and Twitter passwords stolen in massive hack|
|Ron Paul: Bitcoin could 'destroy the dollar'|
|Fresh fast food strikes planned for Thursday|
|Top 10 U.S. cities for Chinese homebuyers|
|Apple completes key China Mobile deal - report|