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Industry Keyword: Amazon

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Italy fines Amazon record $1.3 billion for abuse of market dominance

Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros (approximately $1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a US tech giant...

Apple inches closer to $3 trillion market cap

Apple Inc is within striking distance of a $3 trillion market capitalization, a milestone that would make it as big as the world's fifth largest economy after Germany, just over a year after breaching...

How Big Tech is faring against US lawsuits and probes

Big Tech platforms Meta Platforms and Google have been hit with a series of antitrust lawsuits by the US federal government and states on charges they are operating monopolies and abusing their power. Below is...

Amazon cloud outage hits major websites, streaming apps

A major outage disrupted Amazon's cloud services, knocking out streaming platforms Netflix and Disney+, Robinhood, a wide range of apps and Amazon.com Inc's e-commerce website as consumers shopped ahead of Christmas. Amazon said it was...

Twitch launches tool to catch channel ban evaders

Amazon.com Inc's live-streaming site, Twitch, is launching a tool to detect users who try to access channels where they have been banned, it has said. The new tool, called Suspicious User Detection, will flag "likely"...

New York accuses Amazon of backsliding over worker safety

New York state's attorney general has asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc fulfilment centre in New York City, citing the retailer's alleged rollbacks of...

Salesforce forecasts lower revenue as cloud competition heats up

Salesforce.com has forecast first-quarter revenue below Wall Street's estimates, casting a shadow on an upbeat performance in the third quarter, and sending its shares down 6% in extended trading. The San Francisco, California-based company also...

Amazon exec says Omicron’s impact on holiday spending uncertain

A senior Amazon.com executive said it remains too early to predict how the Omicron coronavirus variant will impact consumer spending during the holiday season but suggested that shoppers will press ahead for now. "It’s very...

EU countries agree on common stance on new rules for US tech giants

EU countries have now agreed on a common position on new rules to curb the power of US tech giants and force them to do more to police their platforms for illegal content. However, they...

Amazon seeks to pause antitrust review of 2019 deal with India’s Future

Amazon.com Inc has asked India's Supreme Court to pause an expedited review of allegations that the US business concealed information while seeking antitrust clearance for a 2019 deal with India's Future Group, legal papers...

US tech execs hone approach to counter unions amid growing worker interest

In June, managers at location data start-up Mapbox came to employees with alarming news: The company had lost a $150 million investment, and worker organizing was to blame. Prior to the all-hands meeting over Zoom,...

Visa’s Amazon spat shows power is shifting to retailers in fee battle

Amazon.com Inc's latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it's not a crisis...