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

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon sweetens prime deals like grow stalls

Amazon sweetens prime deals like grow stalls

Amazon.com Inc.’s The move to greatly expand its music catalog for Prime members aims to give the popular subscription program a boost, along with rivals like Walmart Inc. WMT 0.18% has achieved faster delivery times and added new features to subscriptions. The tech giant revealed last week that it is expanding the free tier of … Read more

Amazon halts hiring for corporate workforce

Amazon halts hiring for corporate workforce

Amazon.com Inc. AMZN -2.75% is halting hiring across the company’s workforce as the tech giant joins other companies in dealing with economic uncertainty. Beth Galetti, senior vice president of human experience and technology at Amazon, notified Amazon employees of the break in a letter Wednesday. “We expect to keep this pause in place for the … Read more

Etsy could bring gifts

Etsy could bring gifts

Selling discretionary tchotchkes online – in this economy? Etsy, ETSY -4.25% which do exactly that, can thrive because of (not in spite of) that niche. Etsy reported Wednesday that its gross merchandise sales fell 3.3% in the third quarter from a year earlier — better than the 5.5% decline that analysts polled by Visible Alpha … Read more

Apple is now valued at more than Amazon, Alphabet and Meta – combined

Apple is now valued at more than Amazon, Alphabet and Meta – combined

Market cap prices have been updated to trillions, not billions. Apple Inc. shares have far outperformed their Big Tech peers over the past month, helping the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. Apple AAPL, -3.73% ended Wednesday’s session with … Read more

YouTube launches Streaming Service Store as competition intensifies for viewers

YouTube launches Streaming Service Store as competition intensifies for viewers

YouTube on Tuesday launched an online marketplace for streaming services with more than 30 offerings, another step in the Google unit’s bid to become a one-stop shop for video entertainment. The new feature, called Primetime Channels, will allow viewers in the US to subscribe to individual streaming services including Showtime, Paramount+ and Starz directly through … Read more

YouTube launches Streaming Service Store as competition intensifies for viewers

YouTube launches Streaming Service Store as competition intensifies for viewers

YouTube on Tuesday launched an online marketplace for streaming services with more than 30 offerings, another step in the Google unit’s bid to become a one-stop shop for video entertainment. The new feature, called Primetime Channels, will allow viewers in the US to subscribe to individual streaming services including Showtime, Paramount+ and Starz directly through … Read more

Amazon expands ad-free music catalog and podcasts for Prime members

Amazon expands ad-free music catalog and podcasts for Prime members

Amazon Music will expand a full catalog of ad-free music and podcasts to its members under the existing $139 annual Prime membership fee, said the company, which is seeking to attract more customers to its audio services. Starting Tuesday, Prime members, who have previously been able to listen to about 2 million songs for free, … Read more