Amazon (AMZN) and Microsoft (MSFT) are under another investigation, this time from United Kingdom officials probing the tech giants' dominance in the U.K. cloud market. According to Ofcom, the U.K.'s communications regulator, both companies held a combined 70 to 80% share of the region's public cloud infrastructure services market in 2022. Yahoo Finance Anchors Akiko Fujita and Rachelle Akuffo break down the investigation details and discuss some of the broader concerns around the tech companies. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
, this time from United Kingdom officials probing the tech giants' dominance in the U.K. cloud market. According to Ofcom, the U.K.'s communications regulator, both companies held a combined 70 to 80% share of the region's public cloud infrastructure services market in 2022.At 49, Kate Moss Frees The Nipple While Flaunting Toned Abs in a Naked Dress
Prince William and Kate Middleton house: The Prince and Princess of Wales have moved to Adelaide Cottage in Windsor but when in London they have a unqiue sleeping set-upMike Segar/ReutersThe judge who doomed Donald Trump’s family business last week took an aggressive and preemptive step on Wednesday to ensure the former president can't secretly shift assets to salvage his real estate empire.
Matt Gaetz's GOP colleagues are so annoyed with him that they forced him to stand on the Democratic side of the House floor Victoria Beckham finally breaks her silence on husband David's alleged affair with Rebecca Loos after 20 years
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UK media regulator asks for probe into Amazon, Microsoft cloud dominanceExplore stories from Atlantic Canada.
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Fears about Amazon and Microsoft cloud computing dominance trigger UK probeLONDON (AP) — Concerns from regulators about the dominance of Amazon and Microsoft in Britain’s cloud computing market have triggered a investigation into the competitiveness of the key industry. The U.K. communications regulator Ofcom said Thursday that its yearlong study of the cloud communications services market found features that could limit competition. British businesses face barriers when they try to switch or use multiple cloud suppliers, it said. Cloud computing uses data centers arou
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Britain’s media regulator asks for antitrust probe into Amazon and Microsoft’s cloud dominanceThe regulator said it had identified features that made it more difficult for U.K. businesses to use multiple cloud suppliers
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Amazon's 'Project Nessie' algorithm under fire for raising pricesAmazon (AMZN) shares are on the rise following a Wall Street Journal report exposing the online retailer's use of an algorithm — named 'Project Nessie' — designed to raise consumer prices and ultimately drive profits. Amazon generated over $1 billion in revenue as a result. This comes to light amid the ongoing antitrust lawsuit filed against Amazon by the Federal Trade Commission (FTC). Yahoo Finance's Rachelle Akuffo and Akiko Fujita explain the objectives of 'Project Nessie' and delve into how the company effectively implemented it, touching upon its potential implications on ongoing legal proceedings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Oil demand: We are still in an oil bull market, analyst explainsOil demand remains high despite inflation and other economic pressures keeping consumers on tightened budgets. Claudio Galimberti, Rystad Energy SVP & Head of Americas Research, joins Yahoo Finance Live to share his oil demand predictions for 2024. 'We are still in that phase' of an oil bull market, Galimberti tells Yahoo Finance, making a callback to previous comments on the energy market's reaction to OPEC's production cuts. Galimberti predicts a 'very sizable' rate of oil demand heading into 2024, coinciding with forecasts for extended production cuts from Saudi Arabian producers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Prime Video ads could add billions to Amazon's bottom line: AnalystAmazon (AMZN) aims to roll out its new advertisement plan early next year, running ads on its video streaming service - Prime Video. A report from UBS says it could potentially bring in over $6 billion dollars in incremental revenue for the company. UBS U.S. Internet Analyst Lloyd Walmsley joins Yahoo Finance to discuss Amazon's plan and how it will affect their bottom line. Walmsley explains the potential upside, 'The incremental margins here are quite high. If they can get over time up to something like $6 billion at an 80% incremental margin, you're talking in the neighborhood of $5 billion of incremental operating profit.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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