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WASHINGTON (Reuters) -Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the first two satellites for Amazon's Kuiper program, which aims to offer internet globally from space, aboard a dedicated Atlas V rocket from the Boeing-Lockheed joint venture United Launch Alliance (ULA), spokesman James Watkins said. Amazon last year announced plans to launch the satellite pair aboard the first flight of ULA's new Vulcan rocket, moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development...
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Amazon.com Inc plans to launch its first pair of prototype internet satellites late next month on a different rocket than previously planned, a spokesman said on Monday, again switching rides for the spacecraft to avoid mounting rocket delays. The company will launch the two satellites, the first in Amazon's Kuiper program to offer internet globally from space, aboard a dedicated Atlas V rocket from the Boeing-Lockheed joint venture United Launch Alliance, spokesman James Watkins said. , moving them off previously planned rockets from launch startup ABL Space to avoid delays in ABL's rocket development...
Continue ReadingThe FTC began probing Amazon during the Trump administration. Amazon denies this. The Justice Department and FTC opened probes into four tech giants - Alphabet's Google, Meta's Facebook, Apple and Amazon - during the Trump administration...
Continue ReadingDiscussions with commissioners are seen as auguring imminent filing of antitrust complaint against online retailer...
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(Bloomberg) -- Amazon.com Inc. will meet with Federal Trade Commission Chair Lina Khan and the agency’s three other commissioners next week in a final push to avoid an antitrust lawsuit, according to people familiar with the matter.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC...
Continue ReadingAmazon's $1.7 billion buyout bid shrank to $1.4 billion as the robotic vacuum cleaner veteran took on more debt. But investors worry that the deal could fall through on regulatory concerns...
Continue ReadingThe S&P 500 and Nasdaq just experienced their worst weekly performances since March, with the Nasdaq down 2.9% and the S&P 500 falling 2.3%. Read more here...
Continue ReadingSo far, six of the "magnificent seven" tech companies have reported their quarterly results: Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), Meta (META), Microsoft (MSFT), and Tesla (TSLA). Nvidia (NVDA) will report on August 23, after the market close. Synovus Trust Senior Portfolio Manager Daniel Morgan says he was "very pleased" with results so far, despite a low-bar being set for companies this quarter. Morgan, for example, points to online ad spend rates numbers from Meta and Google being better than expected. Morgan describes Microsoft and Apple's reports as "muted," saying the companies reported "good numbers, they weren't bad numbers, but they didn't beat hugely on the upside and didn't create a catalyst or surprise," like with Google, Meta, and Amazon. Some of the companies Morgan says he will be watching for results from are Cisco (CSCO) on August 16, Snowflake (SNOW) on August 23, Applied Materials (AMAT) on August 17, and Salesforce (CRM), which has yet to announce its earnings release date...
Continue ReadingLike Snap (NYSE: SNAP) whose shares plummeted over 17% last week after the messaging company gave poor guidance for its current quarter and reported a second consecutive quarter of declining YoY sales, Pinterest (NYSE: PINS) shares also tanked about 4% as the social media company reported that expenses grew faster than its revenue. Meanwhile, the social media leader Meta Platforms Inc (NASDAQ: META) saw its stock rise 7% upon reporting its latest quarterly results. Pinterest’s Second Quarter Hig...
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