Year: 2018

Technology

Trump escalates attack on Amazon, slams it on taxes, shipping

Reuters News March 29, 2018 0

WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday blasted mega-retailer Amazon.com Inc with a list of complaints, a day after news website Axios reported that Trump wants to rein in the company's growing power using federal antitrust laws, causing its shares to fall almost 5 percent.

Technology

Facebook cuts ties to data brokers in blow to targeted ads

Reuters News March 29, 2018 0

(Reuters) - Facebook Inc said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information.

Technology

Tesla shares dive again, stung by fatal crash, credit downgrade

Reuters News March 28, 2018 0

NEW YORK (Reuters) - Tesla Inc shares fell sharply again on Wednesday, reeling from a credit downgrade of the electric car maker by Moody's Investors Service, federal probes of a fatal crash and concerns about Model 3 production.

Technology

Amazon sheds $52 billion in market value after report on Trump threat

Reuters News March 28, 2018 0

(Reuters) - Amazon.com Inc's shares fell as much as 7 percent on Wednesday, wiping out about $52 billion from the company's market value, after a report that U.S. President Donald Trump wants to go after the U.S. tech giant.