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“#Amazon faces Teamsters union drive at 9 Canadian sites” The Teamsters Union has launched campaigns to organize employees in at least nine Canadian facilities of Amazon, according to Reuters interviews with union officials. The influential union took the first step earlier this week to organize employees at one of Amazon’s Canadian facilities, and the interviews reveal it is…
“#HBO Max slashes prices in limited offer as streaming wars heat up” AT&T Inc’s HBO Max streaming service has halved its subscription fees in a limited-period offer to lure back millions of subscribers it lost after dropping out of Amazon.com Inc’s Prime video channels. The limited-time promotion offer of $7.49 per month – for up to six months – is available through Sept. 26 for users who…
“#FTC accuses Big Tech of using merger ‘loopholes’ to dodge antitrust scrutiny” Big tech companies have snapped up hundreds of smaller tech firms in recent years — and have improperly used “loopholes” to avoid antitrust scrutiny, according to the Federal Trade Commission. Critics say that acquisitions can be used by big tech firms to shut…
“#Amazon to spend $1.2 billion on college tuition, schooling for workers” Amazon will fully fund college tuition for over 750,000 of its frontline employees, the e-commerce giant said on Thursday, stepping up its efforts to attract and retain workers in a tight domestic labor market. It plans to spend about $1.2 billion in the next…
“#Amazon goes for jugular in FCC spat with Elon Musk over SpaceX internet plans” Amazon told U.S. regulators on Wednesday that Elon Musk does not believe government regulations apply to the billionaire who heads Tesla and SpaceX as the companies spar over rival satellite-based internet plans. In a harshly worded filing with the Federal Communications Commission, Amazon…
“#Amazon reportedly releasing its own big-screen TVs with Alexa features” Amazon plans to release a series of big-screen televisions in the US as soon as this October, putting the company in direct competition with companies like Samsung, LG and Sony, according to a new report. The TVs will come with equipped with Amazon’s Alexa virtual…
“#The Wheel of Time: Amazon Adaptation Gets Spectacular Trailer, Fall Premiere Date” The Wheel of Time will arrive on Amazon Prime Video before the end of the year. The streamer today released the official teaser trailer for upcoming fantasy series, based on the best-selling book series. The first three episodes will premiere Friday, November 19,…
“#Amazon reportedly boosting live audio, podcast offerings” Amazon is beefing up its audio offering with a hefty investment in the live music and podcast space, according to a report. Under its Amazon Music division, the company is building out a live audio platform that is meant to disrupt traditional radio and rival the likes of…
“# Anthony Scaramucci: $100K per BTC by year-end is still within reach ” Anthony Scaramucci, CEO and founder of SkyBridge Capital, thinks Bitcoin (BTC) can reach $100,000 before the end of the year, mainly due to the exponential growth in demand every month. “The bottom line is you have the limited and fixed supply of…
“#Rivian reportedly seeks valuation of up to $80B in IPO” Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told Reuters on Friday. Rivian confidentially submitted plans to federal regulators for an IPO, the company said in a statement. The company, which aims…