Amazon Is Ready to Spend $5 Billion for Second Headquarters in North America
“We expect HQ2 to be a full equal to our Seattle headquarters,” says Jeff Bezos
Sean Burch | September 7, 2017 @ 7:42 AM
Last Updated: September 7, 2017 @ 7:48 AM
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Amazon could be setting up shop in your hometown.
Armed with $5 billion to spend, Amazon is searching for a “second headquarters” in North America, and is planning on hiring 50,000 full-time workers, the company announced on Thursday.
“We expect HQ2 to be a full equal to our Seattle headquarters,” said Jeff Bezos, Amazon founder and CEO, in a statement. “Amazon HQ2 will bring billions of dollars in up-front and ongoing investments, and tens of thousands of high-paying jobs. We’re excited to find a second home.”
The e-commerce kingpin is accepting proposals for its new mega-office, in case you wanted to give your city a head start. Amazon listed a few preferences for its new HQ, including: a metropolitan area with more than one million people, “a stable and business-friendly environment,” creative communities, and an urban or suburban location capable of attracting tech workers.
Another perk Amazon would like? Tax breaks. “The initial cost and ongoing cost of doing business are critical decision drivers,” added the company’s proposal request.
Amazon was founded in Seattle in 1994, and is still headquartered in the Emerald City. The office it moved into in 2010 has more than 40,000 workers and is spread across 8.1 million square feet. Overall the company has about 380,000 worldwide employees.
6 Tech Giants Shaking Up News, From Jeff Bezos to Laurene Powell Jobs (Photos)
Tech leaders are increasingly intertwined with the news business. While some want to support old properties, one set out to destroy a new one. Here they are.
Jeff Bezos – Washington Post
The Amazon founder purchased the Washington Post in 2013 for $250 million in cash. President Trump has called the paper the “Amazon Washington Post.”
The Facebook co-founder purchased The New Republic in 2012, becoming executive chairman and publisher. However, he sold the venerable political magazine to Win McCormack in 2016, saying he "underestimated the difficulty of transitioning an old and traditional institution into a digital media company in today’s quickly evolving climate."
The eBay founder is a well-known philanthropist who created First Look Media, a journalism venture behind The Intercept. Inspired by Edward Snowden's leaks. Omidyar teamed up with journalists Glenn Greenwald, Jeremy Scahill and Laura Poitras to launch the website “dedicated to the kind of reporting those disclosures required: fearless, adversarial journalism.”
The PayPal co-founder doesn’t own a news organization, but he makes this list because he essentially ended one -- Gawker -- proving once again the power of an angry billionaire. Thiel secretly bankrolled Hulk Hogan’s sex-tape lawsuit against Gawker Media because he was upset that the website once outed him as gay. Hogan won the defamation lawsuit against the site that sent its parent company into bankruptcy, and Gawker.com is no longer operating.
OK, so Facebook isn’t technically a news organization… yet. However, the company is preparing to launch its much-anticipated lineup of original content later this summer, and there are also signs that it's on the verge of becoming an even bigger media platform.
Campbell Brown, Head of News Partnerships at Facebook, confirmed last week it’s developing a subscription service for publishers willing to post articles directly to Facebook Instant Articles, rather than their native websites.
Tech is increasingly intertwined with news, for better or worse
Tech leaders are increasingly intertwined with the news business. While some want to support old properties, one set out to destroy a new one. Here they are.
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