No need to rush to your wallets, at least not yet. The anticipated Amazon prime Day usually held July is now officially delayed, according to a statement from an Amazon spokesperson. Another pandemic aftermath.

Amazon growth in stocks

One of those businesses that remained relevant during this health crisis is Amazon, as their stock is way higher just this year. It rose to 73 percent, which is above most of the S&P 500 companies, as CNN noted. The pandemic has made the huge e-commerce an essential go-to for people who prefers to shop in the comfort (and safety!) of their homes.

On the other hand, this massive demand resulted to several mishaps for the company, like delays in shipping and shortages in inventory, which they tried to fix. On April, as the coronavirus outbreak is laying waste to many countries all over the world, Amazon has hired 175,000 additional staff for their services, in order to meet the growing demand. The multinational tech company even committed to safeguard the health of their workers by updating many of their processes, including disinfection in their facilities. Amazon was reportedly have met pressure from the public to keep their work environment safe.

Prime Delay 

With the Prime Day that many Americans are looking for since 2015, it could be a challenge for the company to pull it off while maintaining safety of their staff with the virus still on the loose, CNN remarked. However, Amazon has maintained previously that they are imposing measures that shield their employees from the COVID-19.

On Tuesday, Amazon has officially declared that the Prime Day has been pushed back, with no official date yet. A spokesperson for the e-commerce giant told The Verge, “This year, we’ll be holding Prime Day later than usual, while ensuring the safety of our employees and supporting our customers and selling partners.” But Amazon assured that members from all over the globe are also going to experience Prime Day at a much later date.

Earlier the month, CNBC has obtained an e-mail to third –party sellers that indicates October 5 to be the temporary date for the huge annual sales event from Amazon.

‘Incredible Deals’ Since ‘15

A statement obtained by Forbes mentioned that, “Over the last five years, Prime Day has become a special celebration and time for Prime members to shop incredible deals for themselves and for friends and family—and it’s something we look forward to every year.”

Since the pandemic began, talks about possible delays with the Prime Day has been going on, while Amazon never really confirmed it until now.

The post Amazon’s Prime Day is Officially Postponed for Another Day first appeared on Tekrati and is written by Irene Hawkins

It’s another good day to be Jeff Bezos, as the Amazon CEO has added more money to his net worth. The world’s richest man gained $13 billion Monday, running up his net worth to $189.3 billion. With this gain, Bezos set the record for the most massive single-day increase in value. 

How Jeff Bezos Gained $13 Billion

Bloomberg reports that Amazon shares surged by 7.9% due to the sharp increase in online shopping. The spiking demand for cloud services also helped. This rise is Amazon’s highest since December 2018. On the whole, Amazon has seen an increase in share price, reaching 73% for 2020.

Moreover, Bezos is now more valuable than entire corporations. With his latest gain, Bezos is now worth more than Exxon, Nike, and McDonald’s.

Gizmodo reports as well that Bezos’ estranged wife, Mackenzie Bezos, also saw a jump in her net worth. Her value shot up to about $4.6 billion. She is now the second richest woman in the world, and the 13th wealthiest person.

Jeff Bezos makes $13 billion in one day during pandemic https://t.co/T3IukXDIQ7 pic.twitter.com/P2e4FkkNL8

— Gizmodo (@Gizmodo) July 21, 2020

Besides Bezos, Other Corporations Gained

At the same time, Microsoft also grew by 4.3%, while Tesla jumped by 9.5%. These increases translate to massive gains for billionaires like Tesla CEO Elon Musk. Musk’s value is now $74.5 billion, a significant leap from his earlier value of $46.9 billion.  Other CEOs like Zoom’s Eric Yuan and former Microsoft CEO Steve Ballmer also got wealthier. Ballmer is now worth $76.1 billion. Even embattled Facebook CEO Mark Zuckerberg got more money. He got $14.8 billion, making his value worth $93.1 billion. 

Will Jeff Bezos Get Even Richer?

Reports forecast that the world’s billionaires will stand to gain even more money after the pandemic. 

The post Amazon CEO Jeff Bezos Just Made $13B in a Single Day first appeared on Tekrati and is written by Irene Hawkins

Bitcoin owners were in for a ride Wednesday when verified Twitter accounts suddenly asked them for bitcoin donations. If you haven’t seen blue check accounts in your feed, this could be why.

Who’s Asking for Bitcoin on Twitter?

CNN reports that Twitter security was compromised Wednesday. Prominent accounts suddenly tweeted for bitcoin. Users included Bill Gates, Elon Musk, Kanye West, Jeff Bezos, and President Barack Obama. Hacker on Bill Gates’ account even promised to “double all payments to a Bitcoin address.”

Twitter accounts belonging to Bill Gates, Elon Musk, Apple and Uber, among other prominent handles, were compromised and posted tweets that appeared to promote a cryptocurrency scam https://t.co/MwYu68fuoG

— CNN Business (@CNNBusiness) July 15, 2020

I’m Not Verified, so Can I Still Tweet?

Twitter responded to the hack by limiting user access. If you have a verified account, chances are you can’t tweet or reply to tweets. If you don’t have a blue check, then no problem. A little over two hours after the hack passed before Twitter restored its functions.

Most accounts should be able to Tweet again. As we continue working on a fix, this functionality may come and go. We're working to get things back to normal as quickly as possible.

— Support (@Support) July 16, 2020

So, Celebrities Got Hacked. What’s the Problem?

You can’t just laugh off celebrity Twitter hacking. Many world leaders, like President Trump, use Twitter. In Trump’s case, he announces significant policies there. A lot of worldwide agencies also use Twitter. Hackers getting into these accounts could sow chaos around the world. Just one misleading tweet, and you got another country firing nukes at you. Twitter could beef up its cybersecurity.

I Think I Gave Elon Musk Some Bitcoin. What Happened to It?

According to CNN Business, some of the Bitcoin wallets in the hack became active only on Wednesday. The hackers only needed hours to make money. In that time, Twitter users dropped $100,000 worth of bitcoins into their wallets. The hackers also made sure to spread the bitcoins to other wallets.

CNN reports that the Federal Bureau of Investigation (FBI) is on the case. This new celebrity hacking case should remind us not to give away money on the internet. Just because a celebrity asks us to, it doesn’t mean we should.

The post Gates, Musk, Bezos Beg for Bitcoins In Massive Twitter Hack first appeared on Tekrati and is written by Sam Arnold