Tag Archives: Amazon

WASHINGTON — Washington is abuzz with an ambitious new antitrust effort to rein in the power of tech industry power players like Apple, Amazon, Google, and Facebook — and the effort could limit their ascent in the health care industry. Tech companies are already major players in the health care space — think Amazon’s decision to launch its own pharmacy, or Google’s acquisition of Fitbit — and they have their sights set even bigger. If major antitrust reform passes, it could… Source link

BMO Managing Director and Senior Analyst Simeon Siegel joined Yahoo Finance Live to discuss Nike’s big stock spike after the sportswear giant crushed Q4 earnings. “When we can talk about a company the size of Nike scale, still blowing away numbers from a revenue perspective, but also from a margin perspective, they really gave you a lot to choose from,” Siegel said. Nike posted Q4 revenue of $12.3 billion up 96% Y/Y, adjusted earnings per share of 93 cents. Nike Direct sales also increased… Source link

The UK Competition and Markets Authority (CMA) said Friday that its formal inquiry, which builds on a preliminary probe launched last May, could force Amazon (AMZN) and Google (GOOGL) to change the way they deal with fake reviews or result in court action. “Our worry is that millions of online shoppers could be misled by reading fake reviews and then spending their money based on those recommendations,” CMA chief executive Andrea Coscelli said in a statement. “Equally, it’s simply not fair if… Source link

This includes where the same users “have reviewed the same range of products or businesses at similar times to each other and there is no connection between those products or businesses or where the review suggests that the reviewer has received a payment or other incentive to write a positive review”. Source link

The Amazon logo displayed on a smartphone and a PC screen. Pavlo Gonchar | LightRocket via Getty Images LONDON — Britain’s competition regulator on Friday launched a formal probe into Amazon and Google over concerns they haven’t done enough to tackle fake reviews. “We are investigating concerns that Amazon and Google have not been doing enough to prevent or remove fake reviews to protect customers and honest businesses,” Andrea Coscelli, chief executive of the CMA, said in a statement. “It’s… Source link

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Prompts on how to use Amazon’s Alexa personal assistant are seen in an Amazon ‘experience centre’ in Vallejo, California, U.S., May 8, 2018. Picture taken May 8, 2018. REUTERS/Elijah Nouvelage/File Photo June 23 (Reuters) – Amazon.com Inc (AMZN.O) and Alphabet Inc’s (GOOGL.O) Google need to offer more details about how their smart-home devices and virtual assistants will support competition and user privacy, U.S. Senator Amy Klobuchar wrote to the companies on Tuesday. In a letter, the… Source link

Palantir recognized for its groundbreaking COVID-19-fighting work among AWS Global Public Sector partners DENVER, Jun 17, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) announced today that it was named as a 2021 Global AWS Partner Network (APN) Public Sector Partner Award winner for its Palantir platform in its work to combat COVID-19. The AWS Global Public Sector Partner Awards recognize leaders in the channel playing a key role helping customers drive innovation and build… Source link

Alphabet Inc.’s Google and Amazon.com Inc. defended their smart-speaker businesses as U.S. senators warned the grip the companies have over the market could harm competition and consumer privacy. Republicans and Democrats at a hearing Tuesday raised concerns about what they said were anticompetitive practices such as selling devices below cost and promoting their own services over those of competitors on their platforms. Senator Amy Klobuchar, the Minnesota… Source link

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