IBM, in a shocking revelation at the start of the holiday weekend, announced that its president Jim Whitehurst is leaving the company. IBM shares dropped 4% on the news. Whitehurst, who was widely seen as the heir apparent to IBM Chairman and CEO Arvind Krishna, joined the company two years ago when it closed its $34 billion acquisition of Red Hat, where he was president and CEO. Whitehurst...
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Cloudflare Complaint Pinpoints Amazon’s Antitrust Weak Spot
Today’s blog post from top executives at Cloudflare blasting Amazon Web Services for the “egregious” fees it charges customers who move their data out of AWS’ servers raises an interesting question. Could the most fertile ground for pursuing antitrust action against Amazon lie in its cloud business, not the ecommerce business that gets all the attention from business media and politicians?...
Electric Truck Maker Rivian Raises $2.5 Billion Round
EU Gearing Up for Lengthy Probe of Facebook’s $1 Billion Kustomer Deal
AWS Accused of Gouging Customers for Networking Bandwidth
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