Documents made public Wednesday as part of a Congressional antitrust hearing give insight into the concerns of tech’s most powerful CEOs leading up to game-changing acquisitions. Amazon, Facebook and Google all made big purchases of startups whose technology, the documents reveal, their teams found to be lacking. Instead, the deals got done because the companies […]
. Reuters . Amazon’s Jeff Bezos testifies to Congress by remote video The coronavirus crisis might be causing widespread economic upheaval around the world, but the world’s biggest tech firms are thriving.Amazon sales soared 40% in the three months ending...
Amazon doubled its profit to a record $5.2 billion in the second quarter.Amazon CFO Brian Olsavsky shared a few reasons that may have contributed to the increased profits during his call with analysts on Thursday.Amazon saw huge lockdown-driven sales, but also scaled...
Amazon wants to launch 3,236 internet-beaming satellites in an effort called Project Kuiper, which would directly compete with SpaceX’s growing fleet of Starlink spacecraft.Despite heated competition, Amazon managed to trounce the opposition of its competitors...
Internal Amazon emails were released as part of a Congressional hearing on tech antitrust Wednesday, which featured testimony from CEO Jeff Bezos.Some of those emails show how Amazon CEO Jeff Bezos in 2017 strategized about how to negotiate a lower price for Ring, the...
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