News Around the Globe
By Zilber Amazon is still peddling the controversial anti-Semitic film that landed Brooklyn Nets star Kyrie Irving in hot water. The movie, “Hebrews to Negroes: Wake Up Black America,” was …
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By Wayt Amazon shares collapsed more than 20% on Thursday after the company gave a “horror show” revenue forecast for the holiday season. The e-commerce giant’s shares were down as …
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By Elisa Amazon said Monday that next month it will hold a second Prime Day-like shopping event, making it the latest major retailer to offer holiday deals earlier this year …
Read MoreBy Zilber European Union officials have agreed on the language of new legislation aimed at reining in powerful American tech giants like Meta-owned Facebook and Alphabet Inc.’s Google. Approval is …
Read More By Elisa A day after Facebook owner Meta suffered the deepest loss of stock market value in history for a US company, Amazon logged the greatest ever one-day increase in value. Shares …
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By Miller Amazon’s web-hosting platform suffered a major outage Tuesday, taking down major websites such as Facebook, Netflix, Disney+ and Venmo. Amazon Web Services (AWS), which provides cloud-computing services to …
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By Elisa Italy’s antitrust watchdog has fined Apple and Amazon a total of more than $225 million for cooperating to restrict competition in the sale of Apple and Beats branded …
Read MoreBy Elisa Amazon, an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday. Ford, which has a …
Read More By Wayt Amazon ripped off its third-party sellers’ products and rigged search results to favor its own products – even as Jeff Bezos told Congress under oath that the company …
Read More By Elisa Amazon will fully fund college tuition for over 750,000 of its frontline employees, the e-commerce giant said on Thursday, stepping up its efforts to attract and retain workers …
Read More By Elisa Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told. Rivian confidentially submitted plans to federal …
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By Steinbuch When Jeff Bezos steps down Monday as Amazon’s CEO at age 57, he will carry with him an estimated $197 billion – a staggering fortune that is 739,489 …
Read MoreBy Wayt A UK regulator is probing whether Amazon and Google are doing enough to crack down on fake reviews – and said it will take the tech giants to …
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By Feuer Amazon shares rose after the e-commerce giant reported a record quarterly profit as pandemic-fueled demand for online shopping lifted its first-quarter earnings, helped by growth in its cloud …
Read More By Alexandra Amazon is looking to expand its burgeoning advertising business and its next stop is the digital media’s biggest show. The Jeff Bezos-led company said that it will join …
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By Manskar Facebook and Amazon spent more money lobbying Washington than any other American company last year as the feds sought to rein in their expansive power, a new report …
Read More By Manskar Facebook and Amazon spent more money lobbying Washington than any other American company last year as the feds sought to rein in their expansive power, a new report …
Read More By Vega Connecticut is investigating the e-tail giant for potential anti-competitive behavior in its Kindle business, the state’s attorney general William Tong said this week, with a focus on the …
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By Manskar Amazon pledged to spend more than $2 billion on affordable housing efforts in three regions where big chunks of its workforce live. The e-commerce colossus said it will …
Read More By Elie Amazon said it would acquire podcast startup Wondery, aiming to beef up non-musical content on its Amazon Music app. Earlier this month, the Wall Street Journal reported that the …
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