Amazon.com Inc. reported second-quarter revenue of more than $113 billion, a 27 percent year-over-year increase but far off the pace it set in the same period a year ago when sales jumped 41 percent. Amazon Chief Financial Officer Brian Olsavsky said the company anticipates sluggish growth over the next few quarters as increased mobility compared to the 2020 lockdowns leads customers “to do other things besides shop.” (CNBC)
Sen. Roger Wicker (R-Miss.), the ranking member on the Senate Commerce Committee, said he’s considering an amendment to the bipartisan infrastructure bill over concerns that its mandate that internet service providers who receive funding through the $65 billion broadband expansion offer a low-cost plan could result in rate regulation. (Bloomberg)
Alphabet Inc.’s Google said in a court filing that Microsoft Corp. has not complied with a subpoena to release documents related to its Bing search engine and Internet Explorer and Edge browsers as part of the Department of Justice’s antitrust lawsuit against the search giant. Google said in the filing that those documents could determine whether Microsoft was truly at a disadvantage regarding competition or if it simply failed to successfully compete. (Reuters)
Amazon, Microsoft and Alphabet provided details on the growth of their cloud businesses in earnings reports this week, and the numbers show that the market for renting access to remote servers, storage and databases is hotter than ever.
A Moscow court ordered Google on Thursday to pay a fine of 3 million rubles (roughly $41,000) for refusing to store the personal data of Russian users on servers in Russia, a move that is part of the government’s longstanding effort to tighten its grip on online activity.
Led by Facebook, social media platforms from Alphabet’s YouTube to Snap Inc and Twitter are investing heavily in shopping features to drive revenue growth, a major theme that emerged during second-quarter results over the past week.
The Ministry of Industry Information Technology on Friday told 25 of its largest internet and hardware companies including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to carry out internal reviews and rectify issues ranging from data security to consumer rights protections.
The senators in a letter to Gensler sent Thursday cited the recent stock price plunge of Beijing-based ride-hailing company Didi Global shortly after its IPO on the New York Stock Exchange. Didi shares took a nosedive earlier this month when regulators in China cut off downloads of its app, citing national cybersecurity risks.
Didi Global Inc. on Friday denied a report by The Wall Street Journal that the ride-hailing service was considering buying back its U.S.-traded shares after its June market debut was disrupted by Chinese government orders to overhaul data security.
NASA infrastructure should be part of the wider effort to fund federal research and development infrastructure, said Rep. Eddie Bernice Johnson, D-Texas, during a House Science Subcommittee on Space and Aeronautics hearing Thursday.
T-Mobile reported that it added more monthly-bill-paying phone subscribers than it had expected during the second quarter of 2021. Demand for its 5G wireless service and devices was the driver, the company said.
If you’re still using a first- or second-gen Amazon Kindle e-reader, you may want to download as many titles from your reading list as you can fit — soon, the devices won’t be able to connect to the internet at all, Amazon warned customers this week.
U.S. President Joe Biden will meet with Cuban-American leaders Friday to discuss the recent social protests in Cuba, the possibility of new sanctions on its government and options for providing internet access to the island’s population.
Congress should increase its oversight of federal agencies’ efforts to recruit and retain cybersecurity workers by identifying specific benchmarks for success, according to testimony before a House Homeland Security Committee panel Thursday.
A German federal court on Thursday faulted aspects of Facebook’s handling of “hate speech,” at least in the past. It ruled that the social network giant can’t delete posts without at least informing users afterward, and must give users advance notice when it moves to suspend their accounts.
Uber plans to announce soon that it’s mandating that its US employees get vaccinated when they return to the office this fall. The company is also going to push back its official return to the office by a month to October, people familiar with the matter said.
Frank Pasquale and Gianclaudio Malgieri, The New York Times
The United States can learn from the European Union’s proposed A.I. regulation. In April, the European Union released a new proposal for a systematic regulation of artificial intelligence. If enacted, it will change the terms of the debate by forbidding some forms of A.I., regardless of their ostensible benefits.
Facebook has barely taken any action in response to Media Matters’ July 20 report on anti-vaccine groups spreading COVID-19 vaccine misinformation; nearly 85% of anti-vaccine groups that we identified are still active, new groups have been created, and some were even reinstated after appeal.