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Amazon Acquires Second Queensbridge Venture Partners’ Startup for a Reported $1 billion

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Photo Credit: Stefan Hoederath

Fox News reports, rap mogul Nasir “Nas” Jones’ venture capital fund was acquired on Thursday by Amazon following the e-commerce giant’s announcement that it purchased the online pharmacy PillPack for a reported $1 billion.

The prescription drug delivery service was launched to assist people who are in need of daily prescriptions. Jones’ Queensbridge Venture Partners saw value in the startup early on and raised $8.8 million, which helped with the costs of shipping to all 50 states.

Amazon purchased another one of the firm’s companies that specializes in home security last February for 1.2 billion.

“PillPack is meaningfully improving its customers’ lives, and we want to help them continue making it easy for people to save time, simplify their lives, and feel healthier. We’re excited to see what we can do together on behalf of customers over time,” Jeff Wilke, Amazon CEO Worldwide Consumer tells Fox.

Queensbridge raised an estimated $118 million in private capital prior to the procurement.

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Nike’s follows Bumble and Intel with mental health recovery week for employees

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Courtesy of NIKE

Time and time again, Nike continues to raise the bar in its commitment to company ethics. The global athletic brand recently closed its corporate office doors for a full week to allow employees time to “rest and recover,” according to a Nike representative. 

Nike confirmed that the company’s corporate offices were closed from August 23-30, allowing employees to enjoy additional time off to combat a potential burnout. The company also said staff were paid during the time off. This does not include closings of its retail sector.

Matt Marrazzo, a senior manager at Nike, posted on his LinkedIn page “It’s not just a ‘week off’ for the team…it’s an acknowledgment that we can prioritize mental health and still get work done.”

Nike follows the likes of dating app Bumble, which in June implemented a company-wide week-long vacation to help combat burnout. Bumble then announced in July that it was making the collective week off a twice-yearly permanent perk. 

In 2020 and 2021, companies began placing more of an emphasis on an employee’s mental health by giving them more time off.

At Intel, employees can either take a four-week sabbatical after four years or wait and take an eight-week sabbatical after seven years. The company also began offering an additional 12 hours off for each half of 2021.

In the wake of the Covid-19 pandemic, hopefully, this new mental health strategy going forward will be permanently implemented for all companies nationwide. 

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Uber discloses disturbing Data of 3,000+ Sexual Assault incidents

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Jaap Arriens/NurPhoto via Getty Images

Uber’s sexual assault problem has skyrocketed, but a new company report released by the ride-sharing hub on Thursday reveals shocking details of the ongoing crisis, and it’s worse then you could fathom.

In the 84-page, self-released report, Uber revealed the company receives thousands of sexual assault and misconduct reports a year, according to NBC News.

The chilling data includes 235 reports of rape, 280 reports of attempted rape, 1,560 reports of groping, 376 reports of unwanted kissing to the breast, buttocks or mouth, and 594 reports of unwanted kissing to a different body part.

In total, the report reveals Uber received 5,981 reports of sexual abuse between 2017 and 2018. While riders are typically the victims in many of the company’s higher-profile sexual assault cases — such as those lodged by four female survivors in 2018 — Uber’s report claims passengers were actually the accused party in 45 percent of the reports filed.

“Each of those incidents represents an individual who has undergone a horrific trauma,” Uber’s chief legal officer Tony West told NBC News. “But I’m not surprised by those numbers,” he added.  “I’m not surprised because sexual violence is just much more pervasive in society than I think most people realize.”

“We had to measure what was happening on our platform,” said West. “We know in business, if you don’t measure it, you can’t address it.”

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Jeff Bezos sets sights on buying NFL team

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Amazon founder and CEO Jeff Bezos is reportedly planning on purchasing an National Football League (NFL) team and is currently in talks with several current owners.

According to CBS Sports, Bezos “has spent considerable time around owners, including Washington Redskins’ Dan Snyder, and is in the process of moving to Washington.” Bezos, is worth an estimated $110 billion, including ownership of The Washington Post.

“There are not any teams currently on the market, though the Seattle Seahawks will be sold at some point following the death of Paul Allen last year,” the report said on Sunday. Snyder has been trying to get a state-of-the-art stadium built in Washington, DC, and Bezos can help him build one.

“Bezos moved The Washington Post to a new location after purchasing the paper, is setting up an Amazon hub in the area and some believe could aid Snyder`s pursuit of a new stadium, perhaps even with an Amazon sponsorship,” the report elaborated. Amazon has a partnership with the NFL to stream Thursday Night Football and he may buy an NFL team from a business perspective.

NFL is a professional American football league consisting of 32 teams, divided equally between the National Football Conference and the American Football Conference.

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