Tech giants manage corona pandemic better than smaller rivals
Several tech companies published their quarterly results this week. The figures show that Facebook and Google parent company Alphabet have recorded strong growth in advertising sales despite the corona crisis. Microsoft also had a good quarter.
Twitter
Twitter was less successful, noting fewe... Read more
EU working on criteria to distinguish tech giants
Margrethe, European Commissioner for Competition, is working on a set of criteria to determine when a company can be defined as dominant. Such companies will have to comply with stricter legislation.
The legislation is mainly intended to keep tech giants like Apple, Amazon, Facebook and Google i... Read more
EU has a “hit list” of tech firms that will face tougher rules
The list is highly US-centric and is certain to include the likes of Google, Apple and Amazon.
The European Union is once more taking aim at Big Tech in their efforts to rein in the power of giant technology companies. On Monday, sources told the Financial Times that the latest battle will be ag... Read more
U.S. lawmakers go after Big Tech for market abuses
Recommendations stop short of a call to break them up. The question remains if Big Tech will be broken into pieces in the upcoming years.
A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to crush... Read more
U.S. antitrust report hints on break-up of Big Tech Firms
The House antitrust subcommittee will probably publish their report on Amazon, Alphabet (Google), Apple and Facebook this week.
The draft response’s authenticity, first reported by Politico, was confirmed by Buck, a representative. Buck shared concerns from the Democratic side about Big Tech f... Read more
Amazon S3 Now Available on AWS Outposts
Outposts customers can now benefit from S3 services just like in an AWS facility.
AWS Outposts customers can now use Amazon Simple Storage Service (S3) APIs to store and retrieve data. Using S3, they can access or use data in the same way they would in a regular AWS Region. Users can configure t... Read more
Amazon announces plan to recruit 10,000 more employees in Bellevue
Amazon.com announced on September 4 that they are going to employ 10,000 more people in Bellevue, Washington, in addition to the 15,000 workers they were already planning to hire in the city. Bellevue is home to 2,000 Amazon workers.
It is 15 minutes by car from Seattle, which is the home of Ama... Read more
Amazon in talks with Apollo to invest in Rackspace Technology
Amazon is in the early stages of a plan to invest in Rackspace Technology. People close to the deal said that the agreement would involve Amazon acquiring a minority stake in Rackspace. Rackspace is in the business of helping companies migrate to the cloud.
The deal could be a great way to soli... Read more
Will Google, Apple and Amazon change after historic antitrust hearing?
Amazon CEO Jeff Bezos, Google CEO Sundar Pichai, Apple CEO Tim Cook and Facebook CEO Mark Zuckerberg testified before the House Judiciary Antirust Subcommittee as part of an antitrust probe. A historic hearing, as the CEOs faced questions about the power of the tech titans. Eventually the companie... Read more
Amazon commits more than $10 billion to Project Kuiper
Project Kuiper is an initiative led by Amazon that will set up 3,236 satellites in low-Earth orbit for internet connectivity. Amazon reported on Thursday that the Federal Communications Commission (FCC) had granted the regulatory approval to launch Project Kuiper while providing other details conce... Read more