The Guardian

Google, Facebook, Amazon and Apple asked to turn over internal documents

The US government’s investigations into big tech widened on Friday as lawmakers announced they were seeking internal documents from Google, Facebook, Amazon and Apple. Letters went out to the four companies on Friday from the leaders of the House judiciary committee and its subcommittee on
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NYT

How Each Big Tech Company May Be Targeted by Regulators

Amazon, Apple, Facebook and Google have been the envy of corporate America, admired for their size, influence and remarkable growth. Now that success is attracting a different kind of spotlight. In Washington, Brussels and beyond, regulators and lawmakers are investigating whether the four technology companies
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Amazon logo

Walmart e-commerce is losing $1 billion as it tries to catch Amazon – Vox.com

Inside the conflict at Walmart that’s threatening its high-stakes race with Amazon

Walmart bought Jet.com to compete with Amazon, but Jet founder Marc Lore is feeling the heat as e-commerce losses surpass $1 billion.

In September of 2016, Walmart made a giant, risky bet.

The country’s most dominant brick-and-mortar retailer agreed to the largest-ever acquisition of an e-commerce company: a $3.3 billion purchase of a fast-growing but money-sucking online shopping site called Jet.com.

There were no other bidders for Jet back then, but Walmart was desperate to close the huge gap between itself and Amazon, the online shopping wrecking ball. And CEO Doug McMillon had become convinced that Jet founder and CEO Marc Lore, who previously founded Diapers.com and sold it for a fortune to Amazon, was perhaps the only person who could do it.

Nearly three years later, Walmart’s stock price is up 53 percent, compared to a 38 percent increase for the S&P 500 over the same period of time…

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