Money

Amazon taken to court, again – but why are they in trouble this time?

Published

3 years ago

May 27, 2021

Anthony Lucas

One of the worlds biggest online e-commerce platforms is once again heading to the courtroom

Amazon is being sued by Washington DC Attorney Generals over allegations it abuses its position as a retail giant.

The lawsuit filed earlier this week, claims that Amazon’s control of up to 70% of US online sales results in higher prices for consumers.

Attorney General Karl Racine says the company is dominating the online space – and explained exactly what the company is doing wrong.

An Amazon spokesperson responded to the lawsuit stating that the DC Attorney General has it exactly backward stating that sellers set their own prices for the products they offer on the Amazon platform.

Money

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.