European Union officials are preparing to bring antitrust charges against Amazon for abusing its dominance in internet commerce to box out smaller rivals, according to people with knowledge of the case. Nearly two years in the making, the case is one of the most aggressive attempts by a government to crimp the power of the Read more about Amazon Set to Face Antitrust Charges in European Union[…]
Voor 495 euro in een private jet naar Ibiza vliegen, met 25 kilogram bagage, luxesnacks en een glaasje champagne. Dat wil de Limburgse luchtvaartondernemer Philippe Bodson vanaf 4 juli onder de naam Flying Executive in de markt zetten. Op wekelijkse basis vanuit Brussel. Een lijnvlucht voor private jets is geen primeur in Europa. Maar de Read more about Belg opent lijnvlucht met private jets naar Ibiza[…]
The following report appeared on Yahoo! Finance: Privacy-focused browser Brave was found to autocomplete several websites and keywords in its address bar with an affiliate code. Shortly after a user published his findings, Brave CEO and co-founder Brendan Eich addressed the incident and called it “a mistake we’re correcting.” Eich said that while Brave is Read more about Brave Browser Mistake Adds Its Referrer Code For Cryptocurrency Sites – quite a big oops also for privacy[…]
Three online advertisers are suing Google for allegedly violating antitrust laws by monopolizing “digital advertising markets.” “Google leveraged its stranglehold on online search and search advertising to gain an illegal monopoly in brokering display advertising on other companies’ websites,” the marketers allege in a class-action complaint filed last week in U.S. District Court for the Read more about Marketers Bring Antitrust Suit Against Google[…]
Expedia Group’s new CEO isn’t mincing words about one of the company’s biggest challenges: Google’s dual role as a rival in online travel, and a key source of customers through search traffic and paid advertising. “I think Google’s a problem — it’s a problem for everyone who sells something online, and we all have to Read more about Expedia Group CEO Peter Kern: ‘Google’s a problem for everyone who sells something online’ – yup, monopolies are bad[…]
Many smart home device makers rely on subscriptions to keep a steady stream of money coming in, but Wink is learning how that strategy can easily go wrong. The company has announced plans to move to a $5 per month subscription on May 13th (yes, just one week from now), and it’s mandatory. Decline to Read more about Wink smart home users have one week to subscribe or be shut off – yay cloud devices[…]
A California state panel on Friday rejected a request from Elon Musk’s SpaceX for $655,500 in state job and training funds, citing the chief executive’s recent threats to move Tesla, the electric carmaker that he also runs, out of the state. The snub comes as Musk has sparred with officials in Alameda County over his Read more about California officials reject subsidies for Musk’s SpaceX over Tesla spat – might have something to do with opening in defiance of Covid orders[…]
IT services provider Cognizant said in an earnings call this week that a ransomware incident that took place last month in April 2020 will negatively impact its Q2 revenue. “While we anticipate that the revenue impact related to this issue will be largely resolved by the middle of the quarter, we do anticipate the revenue Read more about Cognizant expects to lose between $50m and $70m following ransomware attack[…]
A new study from The School of Business at Portland State University suggests that the aggressive cultures of private equity firms, like venture capitalists, might spill over into the companies that they fund. Venture capitalists are often the hidden players in business decision making, and they are funding startups like Uber, SpaceX and AirBnB. With Read more about New study spotlights the dark side of venture capitalist funding – shows it’s also bad for the bottom line[…]
Shares of Tesla Inc (TSLA.O) jumped more than 8% on Monday, putting Tesla’s market capitalization at $141.1 billion at the close. More importantly for Musk, Tesla’s stock market value reached a six-month average of $100.2 billion, according to an analysis of Refinitiv data. Hitting a six-month average of $100 billion triggers the vesting of the Read more about Tesla stock rise appears to qualify CEO Musk for $700 million payday – and the chance to buy loats of Tesla stock at low prices[…]
As predicted, the proprietary locking system Apple rolled out with its 2018 MacBook Pros is hurting independent repair stores, refurbishers, and electronics recyclers. A combination of secure software locks, diagnostic requirements, and Apple’s new T2 security chip are making it hard to breathe new life into old MacBook Pros that have been recycled but could Read more about Apple’s T2 Security Chip ensure used laptops become unrecyclable junk, a Nightmare for MacBook Refurbishers[…]
CEO Elon Musk tweeted Friday that the company’s stock price was “too high” in his opinion, immediately sending shares into a free fall and in possible violation of an agreement reached with the U.S. Securities and Exchange Commission last year. Tesla shares fell nearly 12% in the half hour following his stock price tweets — Read more about Tesla shares fall on Elon Musk “stock price too high” tweet[…]
Apple has agreed to settle a class-action lawsuit brought by folks upset the iGiant broke FaceTime overnight on millions of iPhones. The settlement amounts to a few bucks a device, meaning the Cupertino giant almost certainly made a net profit in the process. This week the Tim Cook-led corporation said it would pay $18m [PDF] Read more about Apple chucks $3 at iPhone users after killing FaceTime on iOS 6 because it didn’t want to pay connectivity charges after 6 year legal fight[…]
ICANN has vetoed the proposed $1.1bn sale of the .org registry to an unknown private equity firm, saying this was “the right thing to do.” The DNS overseer has been under growing pressure to use its authority to refuse the planned transfer of the top-level domain from the Internet Society to Ethos Capital, most recently Read more about Sense prevails over money! ICANN finally halts $1.1bn sale of .org registry, says it’s ‘the right thing to do’ after months of controversy[…]
The Internet Corporation for Assigned Names and Numbers (ICANN) has delayed a decision on whether to allow the sale of the organization that controls .org registrations to a band of private equity ghouls after the California attorney general’s office issued a warning Domain names with .org suffix are used by countless nonprofits, in part because Read more about Sale of .Org Registry Stalled for a few weeks After California AG Steps In[…]
Air Charter Service has told the BBC that the first flight will land on Thursday in Stansted carrying 150 Romanian farm workers. The firm told the BBC that the plane is the first of up to six set to operate between mid-April and the end of June. Government department Defra said it was encouraging people Read more about 60,000 Eastern Europeans to be flown in to pick fruit and veg – turns out they weren’t stealing jobs then, brexit![…]
Leading health experts have labelled Donald Trump’s decision to cut funding to the World Health Organization (WHO) as a “crime against humanity” and a “damnable” act that will cost lives. The move also drew a rebuke from the head of the United Nations, who said the WHO was “absolutely critical to the world’s efforts to Read more about ‘Crime against humanity’: Trump (the man who mismanaged Corona most in!) condemned for WHO funding freeze[…]
With just seven days left until it has to make a decision on the $1.13bn sale of the .org registry to a private equity firm, DNS overseer ICANN appears in chaos. In a series of communications from senior executives, ICANN has embarked on a public negotiation with potential buyer Ethos Capital over the sale of Read more about ICANN suffers split-personality disorder as deadline for .org sale decision draws close[…]
Amazon is hiring an additional 75,000 workers at its facilities, on top of the 100,000 new positions it created last month, the company said Monday. In March, the company said it would hire additional warehouse and delivery workers across the country amid a surge in online shopping during the coronavirus outbreak. Since then, Amazon said Read more about Amazon hiring 75,000 more workers as demand rises due to coronavirus, after hiring 100k more last month[…]
In the wake of reports last month that four US senators sold stocks shortly after a classified briefing on January 24 about the risk posed by the novel coronavirus, Timothy Carambat, a mechanical and software engineer, created a website to make stock sales by every senator more visible. In an email to The Register, Carambat, Read more about Suspicious senate stock sale spurt spurs scrutiny scheme: This website tracks which shares US senators are unloading mid-pandemic[…]
Two planeloads of Eastern European farmhands arrived Thursday in Berlin and Duesseldorf amid strict precautions to protect the country from the new coronavirus, as an ambitious German program to import thousands of seasonal agricultural workers got underway. Seasonal workers had been caught up in the country’s ban on travel after the outbreak of the coronavirus. Read more about Germany Flies in Seasonal Farm Workers Amid COVID-19 Efforts – yeah I thought they wanted to keep out the immigrants or something?[…]
A study by economists Sergio Correia, Stephan Luck and Emil Verner suggests that the best way to save your economy is to save your people. The authors looked at the economic impact of the Spanish influenza pandemic of 1918 on different U.S. cities. They concluded that the earlier, more forcefully and longer cities responded, the Read more about Pandemic Shutdowns Will Help the Economy, Too[…]
Jeffrey Sprecher, the chairman of the New York Stock Exchange, sold $3.5 million in stock on February 26, a month after his wife, Senator Kelly Loeffler of Georgia, received a closed-door briefing about the covid-19 threat. According to SEC filings, Sprecher sold $15.3 million more in stock on March 11, at the beginning of the Read more about New York Stock Exchange Chairman Sold Millions in Stock Before Crash and after wife had been briefed about Covid-19 secretly[…]
Senator Richard Burr is a real piece of work. In 2012 he was one of only three Senators to vote against the STOCK Act. This was a law put in place following a 60 Minutes expose about how Congress was getting filthy stinkin’ rich off of insider trading, since Congress was exempt from insider trading Read more about Two Senators Dumped Stock After Being Briefed About COVID-19; While Telling The World Things Were Going To Be Fine[…]
NASA needs 215 more petabytes of storage by the year 2025, and expects Amazon Web Services to provide the bulk of that capacity. However, the space agency didn’t realize this would cost it plenty in cloud egress charges. As in, it will have to pay as scientists download its data. That omission alone has left Read more about NASA to launch 247 petabytes of data into AWS – but forgot about eye-watering cloudy egress costs before lift-off[…]