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AWS Lands Major Cloud Deal With British Spy Agencies

Amazon Web Services has inked a cloud computing agreement with three British spy agencies, GCHQ, MI5 and MI6, which will store classified data on its cloud servers in the U.K., the Financial Times reported . The deal, reportedly worth between $685 million and $1.4 billion over the next decade, has similar implications as AWS’s 2013 cloud agreement with the U.S. Central Intelligence Agency,...

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The Briefing Markets Economy
Snap Sends Shiver Through Ad Stocks
Snap CEO Evan Spiegel. Photo by Bloomberg.
Uh oh. Snap’s warning this afternoon that its second-quarter revenue and profits will be below what it projected just a few weeks ago, thanks to a faster than expected deterioration in macroeconomic conditions, is an ominous signal for the ad market. Snap had outperformed many of its digital ad peers, most obviously Meta Platform, Twitter and Pinterest, in revenue growth in recent quarters. If...
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Zoom Shares Jump After Strong Earnings Report, Forecast
Klarna to Cut 10% of Global Workforce
Mark Zuckerberg Sued by D.C. Attorney General Over Cambridge Analytica Scandal
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Apple's Tim Cook (clockwise from top left), Bob Iger, Al Gore and Mike Rockwell. Images by Bloomberg, Shutterstock. Art by Mike Sullivan.
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Brian Armstrong, chief executive officer of Coinbase Global Inc. Photo by Bloomberg.
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