Amazon’s spending on quick delivery is squeezing its profits
Spending on next-day Prime delivery is ‘a necessary strategy to compete with brick-and-mortar’s speed advantage to the customer,’ analyst says.
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The Associated Press
FTC fines Facebook $5B, pins privacy onus on Zuckerberg
Federal regulators have fined Facebook $5 billion for privacy violations and are instituting new oversight and restrictions on its business
Icelandic budget airline WOW Air ceases operations
Icelandic budget airline WOW Air ceased operations on Thursday, stranding passengers across two continents. In a statement on its website the airline, which had earlier
Amazon to split new headquarters between New York City, Arlington
Amazon has confirmed that it will split its much-anticipated second headquarters between New York City and Arlington, Va. Its New York location will be in
Coca Cannabis? Coke analyzing cannabis in wellness drinks
The Coca-Cola Company said Monday it is “closely watching” the expanding use of a cannabis element in drinks, another sign cannabis and cannabis-infused products are
$1,000,000,000,000: Amazon becomes second U.S. firm to reach trillion-dollar market cap
Amazon on Tuesday became the second publicly traded company to be worth US$1 trillion, hot on the heels of iPhone maker Apple. Launched as an
Marriott, Airbnb see opportunity in selling ‘experiences’
Hotel and home-sharing companies don’t just want to sell you a room anymore. They also want to sell you an experience. Want a Game of
Is Facebook’s day of reckoning a blip or sign of a broader turn?
Facebook faced a day of reckoning Thursday as its shares plunged in the biggest one-day drop in stock-market history. The 19 per cent drop vaporized
U.S. pot firm looking north to raise capital
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access
Alphabet records $3.2B quarterly profit, despite massive EU fine
Google parent Alphabet on Monday reported second-quarter earnings that pleased Wall Street, even as it booked a $5.1 billion charge to cover a fine levied
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