Amazon on Tuesday announced that founder Jeff Bezos will step down as CEO in the third quarter of 2021 and transition to the role of Executive Chair of the board of directors. Andy Jassy, the current head of Amazon Web Services will succeed him as CEO of Amazon. Jassy joined Amazon in 1997 and founded Amazon Web Services shortly after in 2003.“He’s been here almost as long as Jeff,” Amazon CFO...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
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