This week, in legal news Yahoo Finance is following stalled legislation that would have reined in Big Tech; lawsuits piling up against formula maker Abbott; and a simmering legal feud between Twitter and Tesla CEO Elon Musk.
Laura Martin, Needham & Co. Senior Media and Internet Analyst, outlines how Big Tech investments in sports streaming and digital advertising could offset competition between streaming platforms.
Amazon's (NASDAQ: AMZN) share prices have surged by over 11.6% in response to the company's stellar second-quarter results (ended June 30). Amazon has long been known for its e-commerce business and broad fulfillment network. Despite the surging inflation and technical recession (two consecutive quarters of decline in gross domestic product) in the U.S., global enterprise spending on cloud infrastructure services grew year over year by 29% to $55 billion in the second calendar quarter.