Amazon People may not like Amazon as a company, but they love Amazon’s services and products. Amazon’s stock is up nearly 25% since the pandemic began. And Bezos himself is a master of soft power, wielding the Washington Post in one hand and HQ2s in the other. There’s nobody in Washington who doesn’t secretly wish to be invited to the parties at his Kalorama mansion. It’s not hard to envision the Justice Department forcing Amazon to spin AWS, or to separate its marketplace and third-party sellers, but if you’re looking for an easy scapegoat, Amazon probably isn’t it. … [Read more...] about Zuck, Bezos, Cook: Who takes the fall in D.C.’s antitrust games?
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Share examples/feelings: Before their short opening statements, they offered condolences for the death of Congressman John Lewis. Amazon CEO Jeff Bezos talked about how he was the child of a teenage mother. Google CEO Sundar Pichai spoke of growing up relatively poor in India without access to tech. They shared stories of specific small businesses they’re helping, which was better to do in the uninterrupted opening statements than while under fire (see below). Apple CEO Tim Cook’s script included a few humorous lines, a reminder that one of the easiest ways to connect with an audience is to make them smile. … [Read more...] about What we learned from the Big Tech hearing—about handling tense virtual meetings
Comex gold trades almost flat near $1,698/oz after a 0.9% decline on May 11. Weighing on price is gains in the US dollar on the back of safe-haven buying as worries of the second wave of infections rose with rising cases in countries like Germany and South Korea. … [Read more...] about Gold price today: Yellow metal near 46K; buy on dips for a target of Rs 46,100 per 10 gm