Microsoft faces a new antitrust complaint in Europe

Microsoft faces a new antitrust complaint in Europe

BRUSSELS— Microsoft Corp. faces an antitrust complaint from a European industry group over its cloud services, adding to the latest allegations of anti-competitive behavior against the US tech company. Cloud Infrastructure Service Providers in Europe, or Cispe, a trade group that includes Amazon.com Inc. among its members, said it filed the complaint with the bloc’s … Read more

Microsoft faces a new antitrust complaint in Europe

Microsoft faces a new antitrust complaint in Europe

BRUSSELS— Microsoft corp. MSFT 0.44% is facing an antitrust complaint from a European industry group over its cloud services, adding to the latest allegations of anti-competitive behavior against the US tech company. Cloud Infrastructure Service Providers in Europe, or Cispe, a trade group that includes Amazon.com Inc. among its members, said it filed the complaint … Read more

Airbnb details Roadmap to lower cloud costs

Airbnb details Roadmap to lower cloud costs

Moving by Airbnb Inc. lowering its cloud storage costs in the run-up to its December 2020 IPO has made it better prepared for the possibility of an economic downturn, the home-sharing company said. Analysts say its efforts offer a template for other companies looking to get a handle on spending as more IT shifts to … Read more

The Broken Deal triggered currency losses for Barclays, Deutsche Bank and Citigroup

The Broken Deal triggered currency losses for Barclays, Deutsche Bank and Citigroup

Barclays BCS -0.71% PLC, Deutsche Bank AG DB 0.52% and Citigroup Inc. C -0.24% lost money on currency hedging products it sold to a client for an acquisition that fell through, the latest example of the damage spread during the worst stretch of deal-making in years. Prosus PRX -1.77% NV, best known as the largest … Read more

Amazon’s Holiday Blues Come Early—and Hard

Amazon’s Holiday Blues Come Early—and Hard

Amazon projected revenue and operating profit for the fourth quarter that was well below the consensus forecast, sending its shares plummeting. Photo: BRENDAN MCDERMID/REUTERS Even the One Ring seems to have its limits. Amazon AMZN -4.06% became the latest tech giant to disappoint Wall Street on Thursday—and to pay a heavy price for doing so. … Read more

Judge Dismisses Mother’s Lawsuit Against TikTok Over Fatal ‘Blackout Challenge’

Judge Dismisses Mother’s Lawsuit Against TikTok Over Fatal ‘Blackout Challenge’

A federal judge dismissed a Pennsylvania mother’s lawsuit against TikTok for circulating the “blackout challenge,” citing a federal law that shielded the social-media company from responsibility regarding her 10-year-old daughter’s death. The mother, Tawainna Anderson, sued TikTok in May, blaming the app for repeatedly pushing dangerous challenge videos to her daughter, Nylah Anderson. She had … Read more

Judge dismisses mother’s lawsuit against TikTok over fatal ‘Blackout Challenge’

Judge dismisses mother’s lawsuit against TikTok over fatal ‘Blackout Challenge’

A federal judge dismissed a Pennsylvania mother’s lawsuit against TikTok for circulating the “blackout challenge,” citing a federal law that shielded the social media company from liability related to the death of her 10-year-old daughter. The mother, Tawainna Anderson, sued TikTok in May, accusing the app of repeatedly pushing dangerous challenge videos to her daughter, … Read more

Microsoft casts a very large cloud

Microsoft casts a very large cloud

Among the company’s technology chiefs, it may still be true that no one gets fired for buying Microsoft. MSFT -5.49% But buying less of something seems the more likely path these days. Microsoft managed decent results for the September quarter despite a well-known global meltdown in sales of personal computers, most of which still use … Read more

Microsoft’s earnings growth seen slowing as computer sales slide

Microsoft’s earnings growth seen slowing as computer sales slide

Microsoft corp. MSFT 1.38% likely posted slower earnings and sales growth last quarter as a sharp decline in personal computer sales eroded demand for its Windows software, offsetting some of the demand for its cloud and other businesses that serve businesses. The Redmond, Wash., company’s revenue growth is expected to slow to about 10% in … Read more

Microsoft’s earnings growth seen slowing as computer sales slide

Microsoft’s earnings growth seen slowing as computer sales slide

Microsoft corp. MSFT 0.65% likely posted slower earnings and sales growth last quarter as a sharp decline in personal computer sales eroded demand for its Windows software, offsetting some of the demand for its cloud and other businesses that serve businesses. The Redmond, Wash., company’s revenue growth is expected to slow to about 10% in … Read more