reported second-quarter results that were a bit softer than Wall Street had expected, sending shares down more than 2% in after-hours trading.
A 21% rise in expenses in the quarter, in part due to the push to roll out one-day delivery, dented profits. Regulatory scrutiny has kicked in for Amazon and other large tech firms in a serious way, after a decade or two of relative laissez-faire existence. The Department of Justice said this week it has launched an investigation into the business practices of tech companies to determine if they are anti-competitive. Facebook paid $5 billion and agreed to stricter controls in a settlement with the Federal Trade Commission.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Amazon Developing Investment Comedy ‘JNNA’ From Matt Tolmach & ‘Brooklyn Nine-Nine’s Andrew GuestAmazon has put in development JNNA, a half-hour comedy from Brooklyn Nine-Nine writer-producer Andrew Guest, from Amazon Studios and Sony Pictures TV. Written by Guest, JNNA is a half-hour comedy a…
Lees verder »
Stocks making the biggest moves after hours: Facebook, Amazon, Snap, Chipotle, iRobot and moreStocks making the biggest moves after hours: Big Tech, Snap, Chipotle, iRobot, Visa and more Big tech? - This didn’t age well 😂
Lees verder »