Canada’s Competition Bureau has launched an investigation into the impact of Amazon’s marketplace on consumers and companies doing business in the country.
Canada’s Competition Bureau has launched an investigation into the impact of Amazon’s marketplace on consumers and companies doing business in the country. The Bureau will examine Amazon policies that may hinder third-party sellers from selling their products on their own websites or on competing platforms. Regulators in the U.S and Europe are also gearing up to investigate Amazon on many of the issues highlighted by the Canadian Bureau. Click here to read more
After Epic Games challenged Apple on its App Store policies, Spotify, MatchGroup (owner of Tinder) and Sonos also put out statements backing Epic’s move. Epic Games joins the growing list of companies that have rallied against Apple’s 30% cut of sales in the App Store, among other policies. If the momentum keeps up, Apple might have to make some changes to ease tensions. Click here to read more
Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B) recently disclosed a new investment in Barrick Gold Corp for 20.9 million shares worth $563.6 million. Barrick Gold Corp is one of the largest mining companies in the world. In the last quarter, Berkshire Hathaway has slashed its stake in Wells Fargo by 26% to 237.6 million shares, reduced its stake in JP Morgan by 62% to 22.2 million shares and sold off its remaining 1.9 million shares in Goldman Sachs. Click here to read more
Here are the biggest movers in pre-market trading
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