While navigating through a mammoth boycott of ads and potential federal anti-trust charges, the chief financial officer of Facebook Inc. most worry about California’s strict new privacy law. The California Consumer Protection Act, or CCPA, is considered to be the first true law of data privacy and under the strongest …
Read More »Amazon is betting on office work with expansion in big cities
Amazon.com Inc. expands its physical offices into six U.S. cities and adds thousands of business jobs in those areas, an indication that the tech giant is making long-term plans for office work, even if other businesses include continued remote employment. Amazon is preparing to add 3,500 business jobs across hubs …
Read More »Delay of Amazon Prime Day, uncertain back-to-school changes the store calendar
Shoppers may just count on end-of-summer offers and promotions after school this time of year, but the coronavirus pandemic has thrown the retail calendar out of the way, making year-over-year comparisons difficult. “Changes in expenditure on school / college are the latest factor comparison compared to last year. We are …
Read More »SoftBank made big bets on Amazon, Netflix and Tesla Stock in the second quarter
Text size Carl Hof / Getty Images SoftBank Group made big bets on Amazon. com, Alphabet, Adobe, and other technology stocks in the June quarter as part of their program to temporarily stash proceeds from recent asset sales. As of June 30, SoftBank had a $ 1 billion stake in …
Read More »The impact of ‘Fortnite’ could be epic on Big Tech’s anti-trust investigations
While lawmakers and privacy advocates continue to push for anti-trust integration from four of tech’s biggest companies, some big names in video gaming could speed things up. This is one of the initial conclusions of legal experts and developers following the lawsuit filed by Epic Games Inc. against Apple Inc. …
Read More »