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Showing posts with the label amazon

Apple, Google, Facebook, and Microsoft Union

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In 2018, a data transfer project was launched to create an open-source inter-service data portability platform so that all users on the Internet could quickly transfer their data between online service providers at any time. The project was launched and introduced by Google on July 20, 2018, and partnered with Facebook, Microsoft, and Twitter. Almost a year after the official launch, the Data Transfer Project (DTP) announces new partners and functions. Today Apple has joined the project to develop a compatible iCloud data input and output system from the project. Also, several alternative social networks have joined the DTP, including Mastadon. The participants in the Data Transfer Project believe that mobility and interoperability are crucial for innovation. Simplifying individual choice of services facilitate competition, allows people to try new services, and allows them to choose the offer that suits best their needs. It mainly consisted of code to ensure compatibility of ...

Austrian authorities opened an investigation against Amazon

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The Austrian Federal Competition Authority (BWB) has launched an investigation against Amazon due to its likely misuse of its position in the market and the preference of its own products for Austrian retailers. This information was shared by AFP with reference to the statement of the Ministry. “The digital world is not a legal vacuum,” BWB head Theodor Thanner said in a statement. “Companies operating on a global scale must adhere to applicable Austrian laws and regulations. The outcome might be commitments, an application for a fine or an application for termination of infringements to the Cartel Court.” The BWB said that an investigation had been launched after receiving complaints in December 2018 regarding probable “unfair trade actions” by Amazon. According to these complaints, the American company, in particular, suddenly and unreasonably deleted accounts of Austrian retailers. The Austrian department said that the American retailer could also, by its actions, “discri...

Apple has left top three the most expensive companies

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The stock market had reacted strongly to the letter from Tim Cook to Apple investors which triggered the biggest one-day falling prices for company's shares during the last five years. As a result, Apple capitalization has decreased to $674,7 bn, stock prices have fallen to 142,19 per one at 8:30 am London time on January 4. It is worth mentioning that Apple lost it’s a top rank at the end of the last year and gave way to Amazon and Microsoft. Microsoft is a new leader with $747,79 bn and $97,4 per one stock at 8:30 am London time on January 4. At the same time, Amazon went down to second place and shown $733,59 bn market cap with $1500,28 stock price. Google has taken the third place and reached $710,18 bn and $1025,47 per one stock. But it is not the end of the story, the most tech companies from S&P 500 following Apple trend due to China market and global economic slowdown. Dow Jones index has lost 660 units and decreased by 2,83% to 22 686 units, while ...