Lots Happening at Amazon… 

* The week before last, Amazon set a mind-boggling record. It became the first public company ever to lose $1 trillion in valuation, dropping from almost $1.9 in July 2021 to $879 billion. (It’s back up to about a trillion.) Click here.

* Rumor has it that CEO Andy Jassy plans to lay off 10,000 as early as this week. Click here. Perhaps to soften the bad news, Jeff Bezos announced plans to give away most of his $129 billion fortune. Click here.

* Amazon started its two-day delivery program about 17 years ago. But by the end of 2022, the milestone could drop to 30 minutes, as its 80-pound, 50 mph MK27-2 drone starts making deliveries of up to 12 kilometers roundtrip in California and Texas. Click here.

And at Twitter… 

Elon Musk is a big believer is putting in long hours in the office. Last week, he announced that most Twitter employees have to return to the office or find other work.

Next, he told them to be prepared to work “maniacally” for up 80 hours a week if needed.

To show them he could walk his talk, he said he was going to be sleeping at Twitter headquarters till the business is turned around.

And in an effort to cut costs, he suspended the company’s policy of giving employees a free lunch, a benefit he said was costing $13 million a year.

On the plus side, he told employees that even though he was taking the company private, they could still own stock in it.