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The Tech I.P.O. Comes Roaring Back in the Pandemic

SAN FRANCISCO — As the coronavirus spread in March, Vroom, a start-up that sells used vehicles online, shelved its plans to go public and rushed to shore up its operations. But with many dealerships closed under shelter-in-place orders, people started buying more cars online, benefiting Vroom with record sales in March and April, the company […]

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Amazon Angles to Grab Back Customers

As millions more Americans turned to online shopping during the pandemic, Amazon struggled to keep up with the demand, and its rivals pounced. Target’s online sales shot up 141 percent last quarter, while Walmart’s rose 74 percent. Etsy’s were up almost 80 percent in April. Now Amazon is saying enough is enough. The company is […]

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Bezos Takes Back the Wheel at Amazon

SEATTLE — At the end of February, Jeff Bezos, Amazon’s chief executive, and his girlfriend, Lauren Sanchez, were in France discussing climate change with President Emmanuel Macron at the Élysée Palace and celebrating atop the Eiffel Tower with the designer Diane von Furstenberg. Days later, paparazzi spotted the couple grabbing dinner at Carbone in New […]