Following a lengthy investigation, the United States Justice Department is set to file a lawsuit against Apple for potentially breaching antitrust laws. The department alleges Apple is using hardware and software limitations that make it harder for rival companies to compete with iPhones and iPads. If the filing goes ahead, it will mean each of ...
With time, several U.S. and European-origin companies have either quit China operations or scaled down their activities owing to an unfavorable political and human rights atmosphere. However, one exception is Amazon, the popular e-commerce giant which has managed to thrive in China. In one example, Amazon was marketing a collection of President Xi Jinping’s speeches ...
The online order fulfillment monster has come under public scrutiny in the UK after an undercover ITV investigation aired on June 24 showing that the practice of Amazon destroying goods and new items is not illegal in the UK. According to reports made to ITV by whistleblowers, between 130,000 and 200,000 items are expected to ...
Thousands of AI (artificial intelligence) bots crawl the Internet every second for purposes that range from collecting pricing information from competing e-commerce retailers to editing Wikipedia pages. And unknown to the average Internet user, there is a secret bot war going on over the Internet, involving the companies that employ such bots and the bots ...
China accounts for almost 20 percent of the global population. To feed its growing middle class, China relies on imports from countries like Brazil. The South American nation is a major supplier of meat and soy to China. However, this trade relationship has come at a cost — the widespread deforestation of Brazilian rainforests. Deforestation ...
Amazon has terminated contracts with three of its delivery partners in the U.S. The move follows reports of several deaths linked to these delivery firms. About 2,000 people are expected to lose their jobs. Cutting ties with delivery firms Atlanta-based Inpax Shipping Solutions will lay off 925 employees across six states and will stop all ...
A free market can only exist if it harbors a sufficient number of competitors. When a single company gains an absolute majority over the market, the idea of the free market suddenly becomes oppressive. What was a healthy business environment turns into a dangerous monopoly where the majority company usurps power to dictate the market. ...
Monopolies are economic situations in which a seller, or group of sellers, acts jointly to control markets. In the U.S., three corporations control nearly 80 percent of the mobile telecommunication market, four control almost 85 percent of U.S. corn seed sales, three firms exercise control over 95 percent of credit cards issued, and just 6 ...
Global e-commerce giant Amazon has announced that it will be shutting down its domestic marketplace in China. Amazon apparently could not compete with local e-commerce rivals and decided that pulling the plug would be an economically wise decision. Shutting down Amazon’s operations “We are notifying sellers we will no longer operate a marketplace on Amazon.cn ...
Many people have bought into the Amazon Echo and Alexa craze, setting them up eagerly in their homes. Unfortunately, the vast majority of people have little to no idea that these technologies pose a significant risk to their privacy. Privacy risks In May last year, a family in Portland was shocked to find that their ...
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