Why Amazon canceled its plan to build HQ2 in NYC

Are Americans growing more skeptical of promises of investment from massive (digital) companies?

NEW YORK, NY - JANUARY 30: Protestors rally against Amazon and the company's plans to move their second headquarters to the Long Island City neighborhood of Queens, at New York City Hall, January 30, 2019 in New York City. Some Queens community members and activists say Amazon's move to Queens will further gentrify neighborhoods in the area and add more stress to an already struggling infrastructure system. (Photo by Drew Angerer/Getty Images)
  • Amazon had spent years on a controversial campaign to select cities where it plans to build giant corporate campuses.
  • In November, the retail giant announced plans to build its so-called HQ2 in Virginia and New York.
  • On Thursday, Amazon cancelled its plans to build in New York following backlash from local lawmakers, union leaders, and protestors.
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Politics & Current Affairs

This 1997 Jeff Bezos interview proves he saw the future coming

Jeff Bezos, the founder of Amazon.com, explains his plan for success.

  • Jeff Bezos had a clear vision for Amazon.com from the start.
  • He was inspired by a statistic he learned while working at a hedge fund: In the '90s, web usage was growing at 2,300% a year.
  • Bezos explains why books, in particular, make for a perfect item to sell on the internet.
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Technology & Innovation
Photo credit: Ian Waldie / Getty Images
  • The coalition argues that government agencies might abuse facial recognition technology.
  • Google and Microsoft have expressed concern about the potential problems of facial recognition technology.
  • Meanwhile, Amazon has been actively marketing the technology to law enforcement agencies in the U.S.
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Politics & Current Affairs

Virgin Galactic passenger rocket reaches space in test flight

The rocket reached an altitude of 51 miles, meeting the Federal Aviation Administration's definition of space.

Virgin Galactic
  • The rocket, dubbed SpaceShipTwo, reached an altitude of 51 miles on Thursday.
  • Virgin Galactic hopes to soon transport space tourists into the atmosphere on the rocket.
  • The successful test is a landmark for Virgin Galactic, which has seen its fair share of setbacks since it was founded in 2004.
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Technology & Innovation

Walgreens teams up with FedEx to offer next-day drug delivery service

Walgreens now competes with Amazon and CVS in the race to dominate the prescription delivery market.

(Photo by Spencer Platt/Getty Images)
  • The service will cost $4.99 per drop-off.
  • Same-day delivery will be available in some markets.
  • As the population ages and rates of online shopping continue to rise, companies that can capitalize on the drug delivery market stand to earn billions.
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Technology & Innovation