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Amazon's stormy week will blow over, but the debris may stay

SAN FRANCISCO (AP) — It's been a complicated few weeks for Amazon, what with its abrupt pullout from a massive New York City development, extortion claims related to intimate photos taken by its founder Jeff Bezos and increasing antitrust scrutiny in Europe .

For now, these events seem unlikely to pose much threat to Amazon's brand or business. But they're indicative of the mounting challenges the e-commerce giant faces as it grows ever larger and more dominant.

Amazon's turn in the spotlight is a natural consequence of its prominence in retail, entertainment and... Read More

Amazon dumped New York, but cities still wooing the company

Amazon's breakup with New York was still fresh when other cities started sending their own valentines to the online giant.

Officials in Newark, New Jersey, one of the 18 finalists that Amazon rejected in November when it announced plans to put its new headquarters in New York and northern Virginia, sent a giant heart that read, "NJ & Newark Still Love U, Amazon!"

Representatives of other jilted suitors, such as Chicago and suburban Maryland, tried to get Amazon's attention and say they're still interested in a relationship, too.

The love notes came even... Read More

Amazon's exit could scare off tech companies from New York

NEW YORK (AP) — Amazon jilted New York City on Valentine's Day, scrapping plans to build a massive headquarters campus in Queens amid fierce opposition from politicians angry about nearly $3 billion in tax breaks and the company's anti-union stance.

With millions of jobs and a bustling economy, New York can withstand the blow, but experts say the decision by the e-commerce giant to walk away and take with it 25,000 promised jobs could scare off other companies considering moving to or expanding in the city, which wants to be seen as the Silicon Valley of the East Coast. Read More

Report: Facebook, FTC discussing 'multibillion dollar' fine

NEW YORK (AP) — A report says Facebook and the Federal Trade Commission are negotiating a "multibillion dollar" fine for the social network's privacy lapses.

The Washington Post said Thursday that the fine would be the largest ever imposed on a tech company. Citing unnamed sources, it also said the two sides have not yet agreed on an exact amount.

Facebook has had several high-profile privacy lapses in the past couple of years. The FTC has been looking into the Cambridge Analytica scandal since last March. The data mining firm accessed the data of some 87 million... Read More

Amazon dumps NYC headquarters and its promised 25,000 jobs

NEW YORK (AP) — Amazon abruptly abandoned plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world's richest, most powerful companies.

"We are disappointed to have reached this conclusion — we love New York," the online giant said in a blog post, adding that it already has 5,000 employees in the city and plans to increase that number.

The stunning withdrawal was a serious... Read More

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Amazon's stormy week will blow over, but the debris may stay

Amazon dumped New York, but cities still wooing the company

Amazon's exit could scare off tech companies from New York

Report: Facebook, FTC discussing 'multibillion dollar' fine

Amazon dumps NYC headquarters and its promised 25,000 jobs

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