Amazon.com Inc. chief Andy Jassy in an interview at the Bloomberg Technology Summit in San Francisco, acknowledged its consumer chief departure and continued investments in risky bets like autonomous vehicles, video streaming, and internet satellites amid odds. Clark Dave wanted a different gig at this point, Jassy said. Dave was instrumental in building Amazon’s massive warehousing and logistics network,…
Amazon Chief Addresses Consumer Chief Exit, Risky Bets, Streaming Business, Union, and More
US Sets High Bar to Settle Facebook Antitrust Suit: FTC Chair
WASHINGTON—Federal Trade Commission Chair (FTC) Lina Khan, who promised tougher antitrust enforcement, said she would not rule out a settlement with Meta’s Facebook, which the agency sued in 2020, but indicated there was a high bar for any agreement. In an interview on Tuesday, she also criticized what she said was a large number obviously…
Washington Post Fires Reporter Who Lashed Out at Colleagues, Management
The Washington Post has fired Felicia Sonmez, the reporter who spent a week criticizing colleagues and management on Twitter. Sonmez was fired for “misconduct that includes insubordination, maligning your co-workers online and violating The Post’s standards on workplace collegiality and inclusivity,” according to the paper. A Post spokesperson declined to comment. An email to Sonmez…
Elon Musk Rips Into YouTube for ‘Nonstop Scam Ads’
Elon Musk took aim at YouTube against its “scam ads” on June 7, setting off speculation about another potential acquisition following his attempt on Twitter. The billionaire turned his fire on the Google company in recent Twitter posts on Tuesday, which included a meme mocking what he saw as a double standard in the video…
Financier With Links to Russian-Israeli Billionaire Yuri Milner Backs Musk Bid for Twitter
Elon Musk’s bid for Twitter has attracted a string of billionaire backers, including one financier with links to a Russian-Israeli tycoon, according to filings submitted to the Securities and Exchange Commission (SEC). Vy Capital, according to its website is, “a global technology investment firm with a focus on category-defining technology companies with the potential to meaningfully…
Microsoft Scales Down Russia Operations Due to Ukraine Crisis
Microsoft Corp. said on Wednesday it was making substantial cuts to its business in Russia, joining a string of companies that are reducing their exposure or pulling out of the country following its invasion of Ukraine. The company, however, said it would fulfill its existing contractual obligations with Russian customers, while the suspension of new…
Amazon Says It Prevented 4 Billion Bad Listings in 2021
Amazon, which has been under increasing pressure to tackle counterfeit products, said in its second-annual report that it prevented 4 billion bad listings from making it onto its site and got rid of more than 3 million phony products last year. The results, released Wednesday, were mixed compared with 2020, when Amazon blocked 10 billion…
Meta Names Guy Rosen Chief Information Security Officer
WASHINGTON—Facebook parent Meta Platforms Inc. has named a company vice president as chief information security officer (CISO), the first person to fill that role at the social media company. Guy Rosen, who has been at Facebook since 2013 and most recently led the company’s product safety and integrity efforts, said on Twitter in his new…
EU Requires Electronic Devices to Use Common Charger
The European Union adopted a new plan on Tuesday that will require all smartphones and tablets to use a common charging port, placing Apple under the gun to adapt and abandon its customary Lightning charging port or lose access to European markets. The plan, which calls for all smartphones, tablets, and digital cameras to use…
Kyle Rittenhouse Prepares for Lawsuits to ‘Make the Media Pay’
Kyle Rittenhouse confirmed in an interview that he is readying to file lawsuits in a bid to “make the media pay”—months after he was acquitted on several murder charges in connection to the August 2020 shooting during a Wisconsin Black Lives Matter protest and riot. “We’re going to make the media pay for what they…
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