Amazon crushes Q3 expectations even without Prime Day bump

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Amazon has continued to reap the rewards of a society increasingly dependent on ecommerce — a trend further fueled by the COVID-19 pandemic. The company crushed analyst expectations Thursday, reporting net income of $6.3 billion in the third quarter, or $12.37 per diluted share, compared with $2.1 billion in net income, or $4.23 per diluted share in the same quarter last year.  […]

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Apple search crawler activity could signal a Google competitor, or a bid to make Siri a one-stop shop

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Encouraged by the spate of antitrust activity brewing in both the Justice Department and on Capitol Hill, Apple may be developing a search competitor to Google, according to a report in the Financial Times. That would be a move rife with irony as the push for an end to anti-competitive practices is seemingly creating greater competition among the largest companies which already […]

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Daily Crunch: Apple seems pretty interested in search

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Apple might be building a Google competitor, Audible adds more podcasts and an ad measurement company raises $350 million. This is your Daily Crunch for October 28, 2020. The big story: Apple seems pretty interested in search Apple has a growing interest in search technology and might even be working on a product to compete with Google, according to The Financial Times. […]

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Microsoft stock flat despite better-than-expected earnings, strong Azure growth

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Today after the bell, Microsoft reported its calendar Q3 2020 earnings, the period of time that corresponds to its Q1 fiscal 2021 period. In the three months ending September 30, Microsoft had revenues of $37.2 billion and per-share profit of $1.82. Analysts had anticipated the company to report $1.54 in earnings per share, generated from $35.72 billion in revenue. In the aftermath […]

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Reliance, Future Group ignore Amazon protest on $3.4B deal

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Reliance Retail, India’s largest retail chain, said on Sunday evening that its proposed deal to acquire Future Group’s assets for a whopping $3.4 billion — against which Amazon has filed a legal proceeding — is fully enforceable under the Indian law and it intends to complete the deal “without any delay.” Mukesh Ambani’s firm issued the statement after Amazon won an emergency […]

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Fragomen, a law firm used by Google, confirms data breach

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Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has confirmed a data breach involving the personal information of current and former Google employees. The New York-based law firm provides companies with employment verification screening services to determine if employees are eligible and authorized to work in the United States. Every company operating in the United States is required to maintain a […]

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