Amazon said Wednesday that this year’s Prime Day topped its previous record. That compares with last year, when Amazon said sales grew more than 60 percent during the event, breaking a record at the time and surpassing Amazon’s Black Friday and Cyber Monday sales combined. The company had also added “tens of millions of Prime […]
Read moreWhen Satya Nadella made his first public appearance as the new CEO of Microsoft in 2014, he did something very unusual for a leader of the software giant. “He made a pronouncement on day one — the world is about cloud first, mobile first,” Microsoft Chairman John Thompson told a group of investors, entrepreneurs and […]
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Netflix just lost $9 billion in market cap. It could have been so much worse. At session lows on Tuesday, the stock was down 14 percent – if it had closed there, it would have been its worst day since August 2016. That bulls rushed in to save Netflix from the session’s worst was a […]
Read moreThere were other winners on Prime Day this year besides Amazon. Target said Wednesday morning that Tuesday proved to be “the highest single day of traffic and sales” on its website so far this year. Although Prime Day was an event created by Amazon to celebrate its 20th anniversary several years ago, the marathon deals […]
Read moreThe price of bitcoin could reach up to $40,000 as it becomes more mainstream and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday. “As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet,” Lasry […]
Read moreThere’s a bigger danger lurking in U.S. airports than mediocre meals: public Wi-Fi networks. The convenience of these easy ways to connect online is often masked by the fact that many are unencrypted, insecure or improperly configured, according to a recent study by Coronet, a cybersecurity company. If that’s the case, it is much easier […]
Read moreEuropean Union regulators have slapped Alphabet-owned Google with a 4.34 billion euro ($5 billion) antitrust fine for abusing the dominance of its Android mobile operating system, which is by far the most popular smartphone OS in the world. The European Commission, the EU’s executive body, ordered the company to put an end to illegal conduct […]
Read moreEuropean Union regulators will slap Alphabet-owned Google with a $5 billion antitrust fine for abusing the dominance of its Android mobile operating system, according to reports. The case relates to the dominance of Google’s Android operating system, which is one of the world’s most popular mobile software systems, competing fiercely against Apple’s iOS. The Android […]
Read moreTesla CEO Elon Musk apologized after making the baseless claim that a British diver involved in the Thai cave rescue mission was a pedophile. The apology comes after the spelunker, Vern Unsworth, who was involved in the early days of efforts to save the now-rescued boys’ soccer team, threatened legal action against the billionaire executive […]
Read moreSAN FRANCISCO — It’s official: President Trump is the single biggest political advertiser on Facebook. Mr. Trump and his political action committee spent $274,000 on ads on the social network since early May, outpacing the second-biggest spender, Planned Parenthood Federation of America, a nonprofit organization that provides reproductive health care. Planned Parenthood spent just over […]
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