Tag: Big Tech

April 4, 2023

Apple is cutting a small number of roles within its corporate retail teams in a streamlining effort. The layoffs relate to the tech giant’s development and preservation teams, Bloomberg said, citing people familiar with the matter. Although it’s currently unclear […]

April 4, 2023

Amazon will close Gloucester-based online shop Book Depository at the end of April following staff reduction announcement. Book Depository was founded by Stuart Felton and a former Amazon employee Andrew Crawford and originally rivaled the tech giant. It focused on […]

October 27, 2022

Apple’s ecommerce sales have surged a huge 97% in just two years, racing into third position behind Amazon and JD.com in the US. “The trend is clearly evident that Apple is benefiting from the global move to e-commerce and away […]

July 29, 2022

Amazon has reported strong revenue and guidance, reassuring Wall Street with an upbeat forecast for the remainder of the year. The company’s shares rose over 10% in after-hours trading after the company reined in costs and benefitted from an increased […]

July 29, 2022

Apple has reported higher-than-expected profit and sales as it avoided headwinds that have come as a result of rising inflation and an economic slowdown. Sales and profit for the quarter were $83 billion and $1.20 a share, according to Apple, […]

March 11, 2022

Ecommerce giant eBay is planning on doubling its advertising revenue to $2 billion by 2025, according to Alex Kazim, the company’s head of global advertising, on its investor day. The plans include a strategy to roll out an ad format […]

December 9, 2021

Amazon has been fined a record antitrust bill of €1.13 billion for allegedly abusing its position in the market. The fine becomes one of the largest penalties ever imposed on a US tech company in Europe. Amazon has responded by […]

September 30, 2021

Google is to combine images and text in search queries in a bid the company hopes will expand its ecommerce capabilities. The new feature will be rolled out in the coming months through the Google Lens search tool, the company […]

September 13, 2021

China has said it wants to “break up” Alibaba-owned Alipay in replace of a separate app for the company’s highly profitable loans business. Beijing wants Ant Group (the affiliate company that owns Alipay) to turn over all of the user […]

August 23, 2021

Amazon has responded to upcoming antitrust proposals from Congress by starting a website in which it warns its sellers about incoming laws and regulations. Sellers will need to sign up to receive information from the ecommerce giant’s public policy team […]

August 23, 2021

China has strengthened its resolve against Big Tech in the country with a new law which restricts companies’ abilities to collect consumer data. The new bill, coined the Personal Information Protection Law (PIPL) lays out the first-of-its-kind comprehensive list of […]

August 9, 2021

Amazon has reintroduced mandatory mask wearing for all employees and pushed back its return to office guidance until next year. Amazon has become the latest major company to reinstate COVID-19 safety measures as the highly infectious ‘Delta variant’ runs rampant […]

August 4, 2021

Alibaba missed analyst expectations over the previous quarter as increasing competition from rivals and an ongoing government-led “rectification” campaign. The ecommerce giant saw retail revenues jump by 35 per cent to 180.24 billion yuan (£19.99 billion) in the three months […]

July 29, 2020

As the nation navigates the new normal, retailers continue to safely serve our communities across the country. But retailers are confronting an economy that has undergone major shifts during the course of the pandemic, as consumers continue to buy items […]