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The outcome is a victory for labor unions, which represent a greater proportion of workers in New York than any other state in the country.
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Members of the tech community weighed in on the news that Amazon was abandoning its HQ2 plans for New York City.
Inc.’s sudden move to abandon plans for a new campus in New York ends the protests in the city but doesn’t remove the national scrutiny being placed on the company, according to corporate reputation and management experts. “There are two very energetic forms of populism in the U.S. right now, one on the left and one on the right, and neither likes Amazon that much,” said Brayden King, professor of management at Northwestern University’s Kellogg School of Management. In the short term, experts said, Amazon likely would see little impact to its sales.
Steve Ballmer may bleed Microsoft, but that didn’t stop him from delivering a flesh wound to his former employer. AWS, Amazon.com’s giant cloud computing service, announced Friday a deal to provide data analytics and artificial intelligence services for the CourtVision service owned by the Los Angeles Clippers.
Amazon has had a bad week but there is some comfort for the tech titan – it will not pay a single cent in income tax on the $11.2bn of profits it made last year. In 2018, Amazon nearly doubled its profits, from $5.6bn to $11.2bn.
The tech giant may not be able to increase its e-commerce revenue as fast as it used to, but you'll appreciate where it is growing the fastest.
In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying tech jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange. Then Amazon made it official: It chose the Long Island City neighbourhood of Queens to build a $2.5 billion campus that could house 25,000 workers, in addition to new offices planned for northern Virginia.