Jeff Bezos, billionaire owner of Amazon who founded the company in 1994, will step down as chief executive after the company recorded $100bn in sales for the last three months of 2020. The surprising news was announced by the company on Tuesday when Amazon released its latest financial results. Bezos, 57, will remain executive chair but will hand the reins to Andy Jassy, chief executive of Amazon Web Services, the company’s fast-growing cloud computing business. Few companies have thrived like Amazon during the coronavirus pandemic, and in the last three months of the year, the company recorded sales of more than $100bn for the first time.
Google apps on iPhone platform including Youtube and Maps will cease utilising a tool from Apple Inc that enables them to personalize advertisements, avoiding a fresh Apple warning that notifies users their browsing is being tracked. Alphabet Inc unit of the company made the announcement on Wednesday in a blog post, and this is coming prelude to Apple starting enforcement of new tracking transparency rules. The tech giant for years has provided apps with a unique identifier, called IDFA, to assist them to connect the same user across multiple applications. The code will be important in figuring out to whom to point out an advert and tracking whether or not it prompted them to make a purchase.
An international group of scientists led by Australian National University and RMIT University in Melbourne, have created two types of diamonds at room temperature. One of the diamonds the team created is the typical type found in rings, jewelries, while the other diamond is called Lonsdaleite, which is found naturally at the site of meteorite impacts and is harder than most diamonds. The scientists made the diamonds at room temperature by using high pressure equivalent to 640 African elephants balancing on the tip of a ballet shoe.
TikTok owner, ByteDance has announced the launch of an electronic payment service connected to Douyin, the popular short video app. The e-payment called ‘Douyin Pay’ is aimed to “supplement existing major payment options, and to ultimately enhance user experience”, functioning similarly to the Chinese e-wallet, WeChat Pay and Alipay.
British National radio station, talkRADIO has on Tuesday been removed from popular Google-owned video-sharing services, YouTube, kicking the radio station’s channel off its platform. In a statement on twitter, talkRADIO said, “We urgently await a detailed response from Google/YouTube about the nature of the breach that has led to our channel being removed from its platform.” "TalkRadio is an Ofcom-licenced and regulated broadcaster, and has robust editorial controls in place, taking care to balance debate. "We regularly interrogate government data and we have controls in place, use verifiable sources and give space to careful selection of voices and opinions."
The controversial yet legendary business titan who marshaled Samsung's rise from a modest South korean company to a multinational conglomerate died on Sunday at the age of 78. Following the death of Lee Kun-hee, Samsung's group chairman, speculation continue to mount that tech giant could be shaken up. Samsung in a statement confirming his death called him a "true visionary who transformed Samsung into the world-leading innovator and industrial powerhouse". "All of us at Samsung will cherish his memory and are grateful for the Journey we shared with him." the company said. Lee had been comatose since suffering a heart attack in 2014 but remained titular chairman of the company. Late Mr. Lee took over Samsung in 1987, and introduced radical measures which helped propel the company from a second-tier electronics manufacturer to an international tech giant and South Korea's biggest conglomerate.