As the corporate battle for supremacy in the cloud services market continues to heat up, Ofcom, the UK’s communications regulator, is reportedly considering an investigation into Amazon and Microsoft’s strategies in the country. This could have wide-reaching implications for both companies which have a strong presence in the UK market. OFCOM’S CONSIDERATION Ofcom, established in… Continue reading Microsoft crosshairs
Category: investigation
Coinbase stock drops after SEC Wells notice, a possible prelude to ‘enforcement action’
Coinbase has been on the rise in recent weeks, with its stock price nearly doubling in the days leading up to its direct listing on April 14th. However, the cryptocurrency exchange’s stock price plummeted recently after it disclosed that it had received a Wells notice from the U.S. Securities and Exchange Commission (SEC). A Wells… Continue reading Coinbase stock drops after SEC Wells notice, a possible prelude to ‘enforcement action’
Tesla under investigation after steering wheels fall off two Model Y vehicles
Respected readers, Recently, Tesla has come under investigation from the National Transportation Safety Board (NTSB) following reports of two Model Y vehicles having their steering wheels fall off. This has been a worrisome development for Tesla and its customers, and many are interested in finding out more information on the matter. The information was first… Continue reading Tesla under investigation after steering wheels fall off two Model Y vehicles
Amazon Subject of Investigation Over iRobot Acquisition
Amazon is coming under investigation for its recent acquisition of the robotics company iRobot. The U.S. Department of Justice has opened an antitrust probe into the acquisition, citing concerns that the deal could lead to Amazon gaining “unfair competitive advantages” over rivals in the robotics market. The DOJ has requested information from Amazon about its… Continue reading Amazon Subject of Investigation Over iRobot Acquisition
US military biometric capture devices loaded with data were sold on eBay
In an alarming incident, a Fox News investigation has discovered that the U.S. military data collected by biometric capture devices, such as fingerprint scanners, facial recognition systems and iris scanners, were being sold off on a popular online marketplace, eBay. Following the initial discovery on July 29, 2018, after Fox News reached out to eBay… Continue reading US military biometric capture devices loaded with data were sold on eBay
Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest
News of a US law enforcement agency charging businessman Sean “SBF” Faries with fraud rocked the world last week after his arrest in the Bahamas. Faries is now awaiting extradition to the United States, where he will face numerous criminal charges. Sean “SBF” Faries is a high-profile businessman and entrepreneur, managing a variety of investments… Continue reading Daily Crunch: US law enforcement charges SBF with fraud as he awaits extradition after Bahamas arrest