online services
The next decade belongs to Africa as technology ripples through the continent
You’ve heard of fast advancements in Asia’s economy. Now get ready for Africa. Twitter TWTR, +0.30% CEO Jack Dorsey tweeted about his plans to move to Africa in 2020, saying he wants …
How Amazon created AWS and changed technology forever
SEATTLE — Twenty years ago, Amazon.com Inc. was an online bookstore that was powered by the same servers and systems that other companies used. In trying to expand beyond books, Amazon AMZN, -1.28% …
Microsoft earnings trounce expectations, but Azure growth continues to shrink
Microsoft Corp. easily trumped expectations with an earnings report Wednesday afternoon that displayed double-digit percentage gains in profit and sales, but shares dipped in late trading as the Azure cloud business’s growth rate continued to decline. The most valuable public company in the U.S. reported fiscal first-quarter profit of $10.7 billion, or $1.38 a share, …
Ex-Google employee calls out culture of sexual misbehavior that started ‘at the top’
A former Google employee accused the tech giant’s executive ranks of fostering a culture of sexual misbehavior in a scathing blog post detailing her relationship with the company’s top lawyer. In a Medium post published Wednesday, Jennifer Blakely accused Google Chief Legal Officer David Drummond — in whose department she once worked — of chronic …
Breaking up big tech would be a big mistake
JOHN THYS/AFP/Getty Images EU Commissioner of Competition Margrethe Vestager speaks to reporters after slapping Google with an antitrust fine in March 2019. Congress, with some goading from their competitors, appears eager to apply antitrust enforcement to Facebook FB, -1.21% …
Facebook CEO Zuckerberg says breaking up big tech ‘wouldn’t make any of these problems better’
Facebook Inc. FB, -0.62% CEO Mark Zuckerberg says breaking up big tech won’t solve key issues over data privacy and antitrust concerns, but regulation could. At the Aspen Ideas Festival on Wednesday, …
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark
Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout. Before detailing the U.S. markets’ wider view, the S&P 500’s …