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Amid Cost Cutting, Amazon Stock Down As First-Quarter Results Beat

Amazon stock fell after the e-commerce giant reported first-quarter results that topped estimates, though cloud computing growth slowed. Read More...

Reuters

Microsoft hits back at UK after Activision acquisition blocked

Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of ‘Call of Duty’ maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it could hit competition in the nascent cloud gaming market. Microsoft hit back on Thursday, saying it was “probably the darkest day in our four decades in Britain” and sent the wrong message to the global tech industry about the UK.

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