What Amazon is really accusing Trump of doing in JEDI deal

2019-12-10

Much of the coverage of Amazon.com Inc.’s appeal of the $10 billion-a-year JEDI contract focused on President Donald Trump’s antagonistic tweets and statements about Chief Executive Jeff Bezos, but as is typical in this administration, the actions taking place in secret amid the tweets are much more important. As impeachmentRead More →

Backlash grows against sale of domain names company

2019-11-28

The Netherlands chapter of The Internet Society has hit out against the sale of the .org domain to private equity firm Ethos Capital, over concerns that it will lead to censorship and increased prices. Earlier this month, The Internet Society (ISOC) – a U.S. non-profit which oversees internet standards –Read More →

Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Uber earnings preview: Brace for more quarterly losses

2019-11-01

Uber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year. So when the ride-hailing service reports third-quarter financial results on Monday, investors and analysts are bracing forRead More →

Facebook’s big expense warnings lack bite these days

2019-10-31

After several similar doom-and-gloom warnings in the past, one analyst isn’t too bothered by Facebook Inc.’s latest talk of steep cost growth down the road. The company told investors in conjunction with its late-Wednesday earnings report that it expects $46 billion to $48 billion in total expenses for 2019, thoughRead More →

Facebook shares rise 4% after earnings beat estimates

2019-10-30

Shares of Facebook Inc. jumped 4% in after-hours trading Wednesday after the company announced third-quarter results that soundly beat analysts’ earnings estimates and topped revenue forecasts. The Menlo Park, Calif.-based company FB, -0.56% reported third-quarter net income of $6.09 billion, or $2.12 a share, in the quarter, compared with $5.14Read More →

Alphabet earnings miss estimates, driving down shares 2%

2019-10-28

Alphabet Inc., the parent company of Google, reported a third-quarter earnings miss that sent its stock down 2% in after-hours trading on Monday. The Mountain View, Calif.-based company GOOGL, +1.95% GOOG, +1.97%  reported net income of $7.07 billion, or $10.12 a share, compared with $13.06 a share in the year-agoRead More →

Amazon to support utility-bill payments with Alexa

2019-10-27

Amazon.com Inc. is tapping into bill payments by letting customers use its Amazon Pay feature for their utility bills. The e-commerce giant said during a Sunday keynote at the Money 20/20 financial technology conference that it would be partnering with fintech company Paymentus to add the feature, which will allowRead More →