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.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: DEADLINE - 🏆 109. / 63 Läs mer »
Källa: CNBC - 🏆 12. / 72 Läs mer »