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Tag Archives: amazon

Amazon Files to Challenge DoD’s Choice of Microsoft for JEDI Contract Suggesting ‘Political Influence’

Late last month, the United States Department of Defense announced that the much-discussed Joint Enterprise Defense Infrastructure (JEDI) cloud contract, had been finally awarded to Microsoft. After the announcement, many including Amazon itself seemed sincerely surprised that the contract didn’t go to Amazon. Now, Amazon has decided to officially challenge the contract award.According to a Federal Times report, Amazon Web Services (AWS) officially filed with the U.S. Court of Federal Claims...

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Fundstrat ‘s Tom Lee Sets $25k Price Target for Bitcoin Comparing It to FAANG Stocks

On 15 November, during an interview for CNBC journalists, Tom Lee gives price prediction to set some fire. Cryptocurrency will show its potential as a “network value asset”, according to Tom. He said Bitcoin is similar to FAANG stocks that represent the top companies of the U.S. economy: Facebook, Apple, Amazon, Netflix, and Google. By referring to the shares of the companies above, Tom inkles that cryptocurrencies are gaining their value from supportive crowds:“Cryptocurrencies are network...

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Nike Leaves Amazon and Others May Follow It in This Decision

In a surprise turn of events, footwear maker Nike has decided to terminate its relationship with technology giant Amazon and it will no longer sell its goods on the retail website of Amazon.In a statement Nike said:“As part of Nike’s focus on elevating consumer experiences through more direct, personal relationships, we have made the decision to complete our current pilot with Amazon Retail.”“We will continue to invest in strong, distinctive partnerships for Nike with other retailers and...

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Dell Launches a Subscription Model to Rival Amazon and Microsoft

The latest reports reveal that Dell Technologies Inc plans to offer its business clients more flexible and on-demand buying options for various products. Some of the products featured in the new plan include personal computers and servers. This move is believed to aim at countering the lure of cloud services offered by Microsoft Corporation and Amazon.com Inc.Customers can now use Dell’s hardware on their consumption. They can use it as a service or via a subscription called the Round Rock, a...

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Google Collected Personal Health Data Through ‘Project Nightingale’

It seems Google has secretly gathered impressive volumes of patient records across 21 states on behalf of a health care provider. It is supposed to have been done via a project that is dubbed “Project Nightingale.”According to Wall Street Journal, nobody – both patients and doctors – were aware of this effort.As per WSJ the data that was collected in this program includes “lab results, doctor diagnoses and hospitalization records, among other categories, and amounts to complete health...

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Amazon Is Launching New Grocery Store Brand Next Year

E-commerce retailing giant Amazon is planning to expand its reach in the food industry and open a new brand of grocery store. As CNET has reported, a new grocery store will be opened in Woodland Hills, California, in 2020.Amazon spokesperson said:“Amazon is opening a grocery store in Woodland Hills in 2020.”When asked about Whole Foods acquired by Amazon for $13.7 billion in 2017, the company has stated it is going to make a new brand totally different from this network and Amazon Go...

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Alibaba Singles’ Day Hits $14 Billion in the First Sales Hour

Every year on November, 11, the Chinese celebrate the biggest shopping event knows as Singles’ Day. It is always a big deal for the retailing giant Alibaba and legions of other online shoppers, and this year is no exception. Alibaba, that has been promoting the event since 2009, has said that in the first nine hours, sales for the Singles’ Day shopping blitz reached 158.31 billion yuan ($22.63 billion), which is equal to more than half of last year’s record haul for the 24-hour event.Singles’...

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Warren Buffet’s Profits Receive Enormous Rise despite Market Uncertainty

Warren Buffett and his company had their total capital rising to a record of $128 billion during Q3 2019, сovering all the losses and showing the company has some great risk management tools. The measure supposes to help the company’s under-performing stocks, while some market analysts claim it will make the stocks fall faster. Berkshire spent 1.7 billion in Q1, 442 million in Q2, and 700 million in Q3 on repurchasing stocks in 2019. They also have changed the rules by which the stocks...

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World’s Largest Oil Producer Saudi Aramco Files for an Initial Public Offering

Saudi Aramco, the world’s largest and state-owned oil producer of Saudi Arabia, has announced its plans of Initial Public Offering (IPO) on Sunday, November 3. This is likely to be the largest ever initial stock offering with stocks listed on Saudi’s domestic stock exchange, Tadawul.An unspecified percentage of shares will be available for trading next month as the oil giant plans to raise anywhere between $20-$40 billion. Note that this will be just 1-2% of the stake sale for the company....

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Big 3 Ruling Cloud Infrastructure Market with Almost $22B Earnings This Quarter

The famous Big 3 – Amazon, Microsoft and Google – went crazy in this earning season with their revenues made through cloud infrastructure reaching almost $22 billion. The rulers of the cloud infrastructure market have driven major societal change via their dominance and role in online activities, unlike other tech giants as is for example IBM. They are ruling the online market through anti-competitive practices, constant-rising financial power, and intellectual property law.Be it as it may,...

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