The Amazon business model and the risks of big data

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The Amazon business model and the risks of big data

In recent years, the US company Amazon has been called out over how it treats its workers, its efforts to impede the right to organise, its distribution model’s inherently damaging environmental impact and the devastating effects it has on the local economies where it sets up operations. But there is another issue that has so far been given much less attention: the company’s increasingly dominant position as a data platform and web services provider.

The company founded by Jeff Bezos – the second richest man on earth, according to Bloomberg – is increasingly evolving from being a retail company, into a platform with the same business model as the likes of Google, Facebook, Apple and Microsoft. Collectively referred to by the acronym GAFAM, the profits of these top-five tech companies have skyrocketed since the pandemic forced millions of people into online social interaction.

It is estimated that the non-retail

Could This Be Amazon’s Next Big Business?

Amazon (NASDAQ:AMZN) is known for its diversified business model and penchant for breaking into industries and seizing market share. In this segment of Backstage Pass, recorded on Nov. 29, Fool contributors Jason Hall, Rachel Warren, and Toby Bordelon discuss the company’s latest move as an industry disruptor.

Jason Hall: Amazon says that they are on track to become the largest delivery service in the United States by early next year or even by the end of this year. There’s part of me that’s just blown away with that. They’re going to be bigger than UPS or FedEx, the U.S. Postal Service. But I’m not sure. The same as the last one, that’s just still a little bit of a free-for-all here. Rachel, share your thoughts on it.

Rachel Warren: Yes, I thought this was exciting news, actually, as an Amazon shareholder and also someone who just

Kamala Harris acknowledges inflation surge is ‘big deal’ for Individuals: ‘Heavy pounds to carry’

Hoover Establishment Distinguished Traveling to Fellow Kevin Hassett discusses inflation and how the Biden administration is responding to the surge in rates.

Vice President Kamala Harris on Friday acknowledged that inflation is a “large offer” for People, stressing that the Biden administration normally takes the concern “quite significantly.”

The vice president was questioned about the surge in U.S. consumer selling prices, which have accelerated at the fastest yearly pace in a lot more than 30 a long time as supply chain bottlenecks and resources shortages persist and gasoline rates continue on to enhance.

Customer Charges SURGE BY MOST IN 31 A long time

“Prices have long gone up and households and people are working with the realities of the bread costs more, the gas fees much more, and have to recognize what that signifies,” she stated. “That’s about the cost of residing likely up. Which is about getting to anxiety

An ‘eraser button’: Focused ideas could help bridle Big Tech

Check out what’s clicking on FoxBusiness.com.

Break up Big Tech? How about shrinking the tech companies’ shield against liability in cases where the content they push to users causes harm? Or creating a new regulator to strictly oversee the industry?

Those ideas have captured official attention in the U.S., Europe, U.K. and Australia as controversy has enveloped Facebook — which on Thursday renamed itself Meta — Google, Amazon and other giants. Revelations of deep-seated problems surfaced by former Facebook product manager Frances Haugen, buttressed by a trove of internal company documents, have lent momentum to legislative and regulatory efforts.

But while regulators are still considering major moves such as breaking up some companies or limiting their acquisitions, the most realistic changes may be more tangible and less grandly ambitious. And also the kind of thing people might actually see popping up in their social feeds.

FACEBOOK REBRANDING TO META ‘TERRIFYING’:

Big towns ‘refund the police’ as crime skyrockets and firms backfire

FOX Business’ Lydia Hu on why towns like New York Metropolis are ‘refunding’ the law enforcement and transferring absent from the ‘defunding’ movement.

One yr right after the movement to “defund” police noticed metropolitan areas slash budgets and lower funding, the U.S. has seen an uptick in crime. Homicides by itself are up 24% due to the fact January and far more than 70% of people today in a modern Fox Information Poll reported they consider criminal offense is on the increase nationally. As a outcome, the pendulum may possibly be swinging back again in favor of the law enforcement.

“Now some towns are refunding the law enforcement division,” FOX Business’s Stuart Varney stated on Varney & Co.

Cities like New York Metropolis, Oakland, Baltimore, Minneapolis and Los Angeles are organizing to reinstate tens of tens of millions for the development of new police precincts, maximize police section budgets,