Markets

Amazon slides as the EU puts more tech giants in its regulatory sights

The European Union’s competition commissioner said Wednesday that a preliminary investigation into Amazon is ongoing. Shares of the e-commerce giant fell 1.7% following the announcement. In July, a similar investigation led to a $US5 billion fine against Google-parent Alphabet. Follow Amazon’s stock price in real time here. Amazon shares fell […]
Amazon slides as the EU puts more tech giants in its regulatory sights
Tech

Google made it impossible for Amazon to licence its own version of Android

The EU competition commissioner says that Google froze Amazon out of the smartphone market. According to EU competition commissioner Margrethe Vestager, Amazon tried to licence its version of Android, FireOS, in 2012 and 2013, but Google’s licensing agreements made it unsuccessful. Amazon launched the Fire Phone in 2014, which was […]
Google made it impossible for Amazon to licence its own version of Android