Amazon.com on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic.
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Google and Facebook took particularly sharp jabs for alleged abuse of their market power from politicians on Wednesday in a much-anticipated hearing that put four of the US’s most prominent tech CEOs in the hot seat.
Chief executives from four of the biggest US technology companies will face a moment of reckoning on Wednesday in an extraordinary joint appearance before lawmakers.
Twitter said several of its employees were manipulated by hackers into providing credentials for internal systems, and 130 Twitter accounts were targeted including those of Joe Biden, Elon Musk and Jeff Bezos.
Twitter said hackers accessed its internal systems to hijack some of the platform’s top voices and used them to solicit digital currency.
In a world divided between digital haves and have-nots, Elon Musk and Jeff Bezos are trying to close the gap by launching thousands of satellites to zip around the globe in what’s known as low-Earth orbit.
Britain is betting that satellite operator OneWeb will help it boldly go into a post-Brexit era. But it faces formidable challenges to complete a working constellation and rebuild a collapsed venture.
The Telsa CEO has called for Amazon.com to be broken up, after an author complained on social media about being unable to self-publish a book via the world’s largest online retailer.
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.
The severity of Apple’s challenges amid the Covid-19 pandemic is starting to become clear. And it’s not looking good.