Is big tech now just too big to stomach? | Business

The coronavirus pandemic has wrought economic disruption on a global scale, but one sector has marched on throughout the chaos: big tech. Further evidence of the industry’s relentless progress has come in recent weeks with the news that Apple and Amazon both raked in sales of $100bn (£72bn) over the Continue Reading

What will Amazon founder Jeff Bezos do next? | Technology

A quarter of a century after he founded Amazon in a Seattle garage, Jeff Bezos announced this week that he is preparing to loosen his grip on the $1.7tn (£1.2tn) company. The billionaire – who until he was recently overtaken by Tesla’s Elon Musk was the world’s richest person – Continue Reading

Europe and America are taking on the tech giants. Britain needs to join the fight | Will Hutton | Opinion

It’s time to address monopoly capitalism and, in particular, monopoly data capitalism, which has been turbo-charged by Covid-19, forcing the world to live and work online. A Joe Biden presidency – increasingly likely – and an EU unhampered by British reluctance to do anything bold to reform or even tax Continue Reading

The Guardian view on Amazon’s dominance: we have to make different choices | Editorial | Opinion

It was hard to miss the fact that Amazon Prime had a sale this week. Newspapers and magazines covered the event as a celebration of consumption. This on top of a coronavirus pandemic that has accelerated the collapse of already struggling bricks-and-mortar retailers. It is not surprising that so many Continue Reading

EU lawmakers ask Jeff Bezos whether Amazon spies on politicians | Technology

A cross-party group of MEPs has written to Amazon’s chief executive, Jeff Bezos, demanding information on the online retailer’s monitoring of trade union activists and politicians in response to deleted job postings that described unions as “threats”. The letter, from 37 members of the European parliament, said they were concerned Continue Reading

Almost 20,000 Amazon workers in US test positive for Covid-19 | Technology

Amazon has revealed that almost 20,000 of its workers in the US have contracted Covid-19 after months of demands for public disclosure from activists. The US tech company has been one of the biggest corporate winners during the pandemic, with people across the world switching to online shopping during lockdowns. Continue Reading

Twenty years after the dotcom crash, is tech’s bubble about to burst again? | Business

‘Everybody loves a party … but, inevitably, after a big party there’s a hangover,” billionaire investor Stanley Druckenmiller said last week as stock markets seesawed amid fears that a new tech bubble was about to burst. “Right now, we’re in an absolute raging mania,” he said. And at times it Continue Reading

Facebook boss Mark Zuckerberg joins centibillionaire club | Technology

Mark Zuckerberg’s fortune has passed $100bn (£76bn) for the first time, adding him to an exclusive club of the world’s centibillionaires, after Facebook’s shares surged on news it is to launch a rival to the video-sharing app TikTok. Facebook announced the US rollout of Instagram Reels, its answer to the Continue Reading

To understand how rich billionaires really are, use this calculator | Technology

We all know Jeff Bezos is very rich – but wouldn’t you love to know how long it would take him to, for example, earn your entire years’ salary, tackle your entire student debt or pay off your mortgage? A new website will you give you these exact numbers, as Continue Reading

Billionaire bosses to feel the heat over tech giants’ massive wealth and power | Technology

Some of the richest men in history representing the most valuable companies ever created will be grilled by Congress on Wednesday , as US authorities get increasingly serious about whether tech giants Amazon, Apple, Facebook and Alphabet have become too powerful. The extraordinary hearing will see Amazon’s Jeff Bezos, Apple’s Continue Reading