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Industry Keyword: Amazon

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Twitch seeks to ban creators that share ‘misinformation’ on the Internet

The move by Amazon.com-owned video streamer Twitch comes as other platform players are also seeking to crackdown on the spread of propaganda and fake news from Russian media outlets. Twitch says it will ban creators...

Vestager says tech giants may prefer EU fines to compliance, cites Apple

Some US tech giants may prefer to pay a fine rather than comply with antitrust rules, the European Union's antitrust chief said, and cited Apple's fight with the Netherlands' competition authority as an example. The...

Analysis: Amazon defies break-up wave sweeping conglomerates

Amazon.com Inc has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure to follow suit, investors and dealmakers said. Investors...

Union says Amazon continues to interfere with election at Alabama warehouse

A U.S. retail workers' union has accused Amazon.com Inc of unlawfully interfering with a union election at an Alabama warehouse where the company had already been found to have engaged in unlawful conduct to...

Growth stocks still not cheap, cautions JPMorgan

Tech-dominated "growth" stocks are still not cheap despite some sharp falls over the last six months, analysts at US investment bank JPMorgan has cautioned. The so-called FAANGs have seen some of their COVID-era surges cut...

Third Point sees more value in Amazon, likes some ‘old’ tech stocks

Hedge fund Third Point LLC said it added new positions and bulked up on names it already owned when markets sold off earlier this year and said that Amazon is at an "inflection point"...

Amazon plans to more than double base pay cap for employees

Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for US employees, according to a company memo. The e-commerce giant will increase the overall...

Tech, growth shares shine in Amazon-led rebound after Meta rout

Growth and technology stocks rebounded late last week, as traders weighed stellar results from Amazon.com Inc against an unexpectedly strong US employment number that propelled Treasury yields higher. The Nasdaq Composite index, which is heavy...

Amazon trots out YouTube-sized advertising business

Amazon pulled the veil off its sprawling advertising business for the first time, revealing a business larger than that of Google's YouTube. Amazon reported ad revenue of $9.7 billion for the fourth quarter, up 32%...

Amazon hikes Prime membership fees in US as wages, costs rise

Amazon.com has said it was raising the price of its annual US Prime subscriptions by 17%, as it looks to offset higher costs for shipping and wages that it expects to persist this year. Shares...

UK politicians: ‘Big Tech’ should reimburse victims of online scams

Big tech companies whose online platforms carry advertisements for scams should be made to reimburse victims, British lawmakers said, as part of wider efforts to combat a growing epidemic of online fraud in the...

Google posts strong holiday sales, Alphabet shares surge

Alphabet Inc has beaten fourth-quarter sales expectations as the search giant's internet advertising, cloud computing and hardware businesses benefited from holiday shopping, sending shares up more than 7% in after-hours trading. The results were the...