Amazon may have to tweak proposals for ending business practices probes, EU’s Vestager says

Register now for FREE unlimited access to Register BRUSSELS, Sept 16 (Reuters) – Amazon (AMZN.O) may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said on Friday following feedback from third parties on the issue. In July the US online retailer said it would … Read more

From block to blue ticks: How China became big business for Twitter

Local govts, state media buy Twitter ads for global audience -documents, data China now one of Twitter’s largest non-US revenue streams -sources Sales teams courted local govts amid exemption from Twitter ban on some state media ads -sources China operations triggered internal tensions among Twitter teams – sources Exemption rescinded in March, but local govt … Read more

Baidu beats quarterly revenue estimates on cloud business boom

Men interact with a Baidu AI robot near the company logo at its headquarters in Beijing, China April 23, 2021. REUTERS/Florence Lo/File Photo Register now for FREE unlimited access to Register Aug 30 (Reuters) – China’s search engine giant Baidu Inc (9888.HK) beat quarterly revenue estimates on Tuesday, underpinned by demand for its cloud … Read more

As the US eyes new China chip curbs, turmoil looms for the global market

Any US export block may affect global chip supply – analysts Move would hinder Samsung, SK Hynix upgrading China plants Samsung, SK Hynix together supply over 50% of global NAND chips Curbs could change where future chip plants are built -analyst SEOUL, Aug 3 (Reuters) – Export restrictions being considered by Washington to halt China’s … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more

Snap’s report incinerates $80 billion in ad industry market cap

A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City, NY, US March 2, 2017. REUTERS/Lucas Jackson Register now for FREE unlimited access to Register July 21 (Reuters) – Facebook-owner … Read more

Shopify partners with YouTube to shore up sales from content creators

July 19 (Reuters) – Shopify Inc on Tuesday announced a partnership with Alphabet Inc’s (GOOGL.O) YouTube to allow merchants to sell through the video platform, as the Canadian company looks to tap into the growing number of content creators launching their own e -commerce stores. The partnership, which builds on an existing one with Google, … Read more