Jeff Bezos to step down as Amazon chief executive as quarterly sales hit $125bn February 3, 2021 Jeff Bezos will step down as chief executive of Amazon this year, moving to the new role of executive chair. Amazon today said Bezos will transition to the new job in the third quarter and will be replaced as chief executive by Andy Jassy, who currently leads Amazon Web Services. It came as the ecommerce [...]
Lockdown winner Amazon made $13,000 PER SECOND in first quarter sales as profits hit record $8.1bn April 30, 2021 Amazon cemented its position as one of the biggest winners of the pandemic, posting record first quarter profits of $8.1bn last night off the back of making $13,000 in sales ever second. And it’s far from over yet. The e-commerce giant signalled that consumers would keep spending in a growing US economy and converts to [...]
Meta: Why is Facebook, WhatsApp and Instagram owner facing a record fine from the EU? May 22, 2023 Meta will face a record fine over its transfer of European users’ Facebook data to its US server. The fine, according to reports in Sky News, is expected to be handed to the social media giant this morning by Ireland’s Data Protection Commission (DPC), as it orders Meta to stop using “complex legal instruments” to [...]
Facebook takes on Google and Amazon with cloud gaming launch October 26, 2020 Facebook has launched a free cloud gaming feature on its platform, becoming the latest tech giant to move into the lucrative games market. The social media site today said users will be able to stream games such as Asphalt 9: Legends and PGA Tour Golf Shootout on the Facebook app and browser with no download [...]
Black Friday: Union calls for inquiry into Amazon over ‘dehumanising’ conditions November 27, 2020 Union members have called for a parliamentary inquiry into Amazon over “dehumanising” conditions at the ecommerce giant’s warehouses. Disgruntled unionists have projected a banner reading ‘Make Amazon Pay’ outside the tech firm’s London headquarters as part of protests coinciding with Black Friday. “Amazon is well known for unsafe, dehumanising work practices which see our members [...]
Dazn hits back at MP plans to close free-to-air sport loophole September 25, 2023 Calls from politicians to stop streaming platforms from bidding to show major sporting events have been slammed as “very narrow-minded and anti-competitive”. Sports streaming giant Dazn, best known for showing high-profile boxing matches, has hit out at recent recommendations by a group of MPs to stop streaming platforms from bidding for “crown jewel” sporting events. Crown jewel [...]
Premier League set for TV cash boost after it agrees to renew £4.7bn contracts with Sky, BT and Amazon on same terms April 27, 2021 The Premier League is close to renewing its £4.7bn domestic broadcast contracts with Sky, BT and Amazon, according to reports. It has chosen a private sale to current partners on the same terms as existing deals rather than a traditional auction of the rights for 2022-2025, according to SportBusiness Media. The arrangement must still be [...]
EU set to launch internet satellite system moving away from Chinese dependency February 15, 2022 The EU is gearing up to launch its own satellite internet system to keep up with the likes of Amazon and Elon Musk owned SpaceX, removing European reliance on Chinese-built infrastructure.
Analysis: Big tech beats forecasts – but they’re not out of the woods yet April 28, 2023 Meta, Microsoft, and Google’s parent, Alphabet, Amazon all showed signs of resilience this week after a bruising period for the tech sector. After many US tech firms laid off thousands of staff in response to low growth and inflationary pressures, each of these leading tech giants reported quarterly revenues and profits that beat analyst estimates, [...]
Bookshop.org: How a ‘scrappy’ online bookseller is trying to take on Amazon November 15, 2020 While the tech revolution has worked its way into all parts of daily life, few industries have experienced as extreme an overhaul as publishing. US bookstore sales have dropped from highs of more than $17bn (£12.9bn) to less than $10bn, while Amazon’s market share has grown to over 50 per cent. But now there’s a [...]