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.
Amazon is already known for providing dangerous working conditions, anti-union activities and treating their blue collar workforce like a disposable commodity. Since they’re already screwing folks at work, it must have seemed like a natural progression to screw them at home too. From Politico: Amazon’s plans to expand into Long Island City may cost Mayor […]
Amazon's best selling wholesales have long accused the company of mining their sales data to discover which products are most profitable; then Amazon clones the product and offers it for sale at a lower price than the wholesales can afford (because Amazon doesn't have to worry about a wholesale-retail markup when it's both wholesaler and […]
Amazon's new headquarters will be split between northern Virginia and parts of Queens, New York, and will net the company billions in corporate welfare, branded as "incentives."
At some point, it happens to everyone: Your car breaks down. Your electricity fails at home. And if it happens at night, the first tool you need is your vision. There’s a more reliable way to get it back than that nearly-dead penlight at the back of your junk drawer or glove compartment: The UltraBright […]
The key to learning any new language is feedback. When you’re immersed in conversation, it’s easy to pick up key phrases and pronunciation, but not all of us have the means to jet off to Spain, France or wherever we can learn to speak like a local. The next best thing: The Mondly app. Mondly […]
Got a gadget-minded geek on your holiday list this year? Don’t wait for Black Friday. The prices are already dropping on some quality tech toys, and we’ve got a roundup of some of our favorites. Force Flyers DIY Building Block Drone MSRP: $49.99 | Normally: $42.99 | Price Drop: $39.99 (20% Off) Compatible with everybody’s […]