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Amazon to Pay $2.5 Billion In Landmark FTC Prime Settlement

Amazon To Pay $2.5 Billion In Landmark FTC Prime Settlement

Amazon agrees to pay $2.5bn settlement after U.S. regulators accused it of deceiving millions into Prime subscriptions and making cancellations difficult.

Amazon has agreed to a record $2.5 billion settlement with the U.S. Federal Trade Commission (FTC), resolving a major legal battle over claims that the company misled millions of customers into subscribing to its Prime service and made the cancellation process unnecessarily difficult.

The settlement, announced Thursday, ends a two-year dispute between Amazon and federal regulators. Under the agreement, the company will pay a $1 billion civil penalty and provide $1.5 billion in refunds to about 35 million consumers …

Workers At Amazon Win First Unionisation Battle In the U.S.

Workers At Amazon Win First Unionisation Battle In The U.S.

Amazon‘s workers forced the company to recognise a union for the first time in US history.
Employees at a New York storehouse proposed 55 in favour of being part of  the Amazon Labour Union.
The group is led by former Amazon employee, Mr. Chris Smalls, made his name protesting against safety conditions at the retail titan during the Covid-19 period.
55 workers at an Amazon storehouse in New York voted to join the Amazon Labour Union.
The group is led by former Amazon employee, Chris Smalls, who made his name protesting against safety conditions at the retail titan

Amazon Hit From All Sides Amid Crisis

Amazon Hit From All Sides Amid Crisis

As Amazon becomes an increasingly important lifeline in the pandemic crisis, it is being hit with a wave of criticism from activists, politicians and others who question the tech giant’s growing influence.

Amazon has become the most scrutinized company during the health emergency.

It has boosted its global workforce to nearly one million and dealt with protests over warehouse safety and reported deaths of several employees.

But Amazon has also pledged to spend at least $4 billion in the current quarter — its entire expected operating profit — on coronavirus mitigation efforts, including relief contributions and funding research.

Amazon’s AWS …

Cloud-based video gaming is just one of many fast-growing uses of cloud computing, one of the most profitable sectors in today's computing world

Cloud Computing: Versatile And Highly Profitable

With each passing quarter, Amazon, Microsoft and Google have been setting new records, while cloud computing has become the invisible backbone supporting much of our daily lives. Its potential to become an even bigger part of people’s daily existence is sky-high.

– Uses –

The rising popularity of the cloud has gone hand-in-hand with that of 4G broadband technology and of smartphones: The combined power of the network and of servers makes it possible for us to listen to music, to watch videos, to work remotely, to post on social media or to request a ride and watch it arrive, …

Amazon

Amazon Stops Microsoft’s $10billion JEDI Contract

A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal.

Amazon filed suit in November alleging that President Donald Trump, who has publicly derided Amazon head Jeff Bezos and repeatedly criticised the company, exerted undue influence on the decision to deny it the contract.

Bezos also owns the Washington Post, whose coverage has been critical of Trump and which has frequently been a target of barbs by Trump about the news media.

Judge Patricia Campbell-Smith issued the preliminary injunction but …

Revised Data Shows Deforestation In Brazil Amazon

Brazil on Thursday released revised statistics showing deforestation in the Amazon rainforest surpassed 10,000 square kilometers (3,860 square miles) in the year to July 2019, the highest in more than a decade.

The National Institute for Space Research (INPE) said last week that satellite data showed 9,762 square kilometers were cleared of trees in the 12-month period, an increase of 29.5 percent.

This week’s revised statistics released by the INPE show the increase was even greater than thought: a 43 percent jump in deforestation in the world’s largest rainforest, for a total loss of 10,100 square kilometers in the 12 …

Amazon Hit From All Sides Amid Crisis

Amazon Screams Foul On $10bn Contract To Microsoft

Amazon on Thursday challenged the awarding of a $10 billion Pentagon cloud computing contract to Microsoft, alleging “unmistakable bias” in the process.

The 10-year contract for the Joint Enterprise Defense Infrastructure program, better known as JEDI, ultimately will see all military branches sharing information in a system boosted by artificial intelligence.

“It’s critical for our country that the government and its elected leaders administer procurements objectively and in a manner that is free from political influence,” a spokesperson for Amazon Web Services said.

“Numerous aspects of the JEDI evaluation process contained clear deficiencies, errors, and unmistakable bias.”

Amazon said it …

Saudis gained access to Amazon CEO Bezos’ phone

The security chief for Amazon chief executive Jeff Bezos said on Saturday that the Saudi government had access to Bezos’ phone and gained private information from it.

Gavin De Becker, a longtime security consultant, said he had concluded his investigation into the publication in January of leaked text messages between Bezos and Lauren Sanchez, a former television anchor who the National Enquirer tabloid newspaper said Bezos was dating.

Last month, Bezos accused the newspaper’s owner of trying to blackmail him with the threat of publishing “intimate photos” he allegedly sent to Sanchez unless he said in public that the tabloid’s …

Amazon drops plans to build a new headquarters in New York

Amazon’s not taking a bite out of the Big Apple after all. The tech behemoth ditched plans to build a new headquarters in New York after facing intense backlash from some community members.

Activists, politicians and others balked at the $1.525 billion in incentives New York offered Amazon to put the headquarters in Long Island City, Queens.

They also feared residents would be priced out of their homes. Amazon had selected New York and Northern Virginia as the dual homes of its second headquarters, each expected to come with 25,000 workers.

So, is New York’s loss another city’s gain? Not …