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Posts Tagged ‘Amazon’

Roku Collapses Despite Beating on Revenue and Earnings in Q3

Shares of streaming device maker Roku were tanking following the company’s third quarter financial report despite beating on both the top and bottom line. The stock had one of its worst trading days on record. For the third quarter, Roku reported a loss per share of 9 cents while analysts were waiting for a loss…

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Facebook and Other Tech Giants to Be Hit with Big UK Tax

A new tax was announced recently by Britain’s chancellor that will target tech companies like Facebook, Amazon, and Google. The new 2% tax, which will take effect in 2020, was announced by finance minister Philip Hammond. Hammond stated, “It is only right that these global giants, which are profitable in the UK, pay their fair…

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Amazon May See Over $1 Billion in Higher Postage Fees Says Credit Suisse

The United States Postal Service has recently filed notice with the Postal Regulatory Commission (PRC) of price changes to take effect on January 27th of next year. The Governors of the Postal Service have already approved the proposed fees, which would raise Mailing Services product prices approximately 2.5 percent. Shipping Services price will increase by…

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Google Says It has Fired 48 Employees for Sexual Misconduct

In light of a recent New York Times story that said Google had protected several executives including Android creator Andy Rubin, from sexual misconduct allegations, the company’s CEO has sent an e-mail to employees in response. The email from CEO Sundar Pichai and Eileen Naughton, Google’s vice president of people operations, was obtained by CNBC…

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Amazon’s Earnings Just Made Microsoft the Second Most Valuable Company

What may have been disappointing for Amazon proved to be very lucrative for Microsoft. Amazon delivered third quarter earnings that beat expectations but also delivered an outlook for the fourth quarter that trailed. Shares of the e-commerce giant ank 10% in pre-market trading ahead of the company’s report. It was the biggest decline since January…

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