Blackburn returns to Amazon to help new CEO understand Hollywood

A former top lieutenant to Jeff Bezos has made a quick about-face that’s raising eyebrows — returning to Amazon after a five-week stint in Silicon Valley. Jeffrey Blackburn, a 22-year company veteran who helped build the Seattle-based e-tailing giant’s video-streaming service, was called back by Bezos after briefly joining Bessmer Venture Partners, a prominent venture-capital …

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AMC cashes in on Reddit-trading frenzy with $428 million share sale

Cinema operator AMC Entertainment Holdings has raised about $428 million from a share sale, capitalizing on the retail-trading driven surge in its stock earlier this year. The world’s largest cinema chain operator’s shares have gained more than five-folds in 2021 thanks to interest from amateur traders on Reddit that were piling into heavily shorted stocks such as …

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Amazon wins EU court fight over $300 million tax bill

In the latest setback to European Union efforts to tackle corporate tax avoidance, a court on Wednesday annulled a ruling by the European Commission that a tax deal between Amazon and Luxembourg’s government amounted to illegal state support. The EU’s executive branch ordered the US online retailer in 2017 to pay around 250 million euros …

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NASA spacecraft heading back to Earth after retrieving asteroid sample

NASA’s OSIRIS-REx spacecraft on Monday began its long journey back to Earth after collecting a sample from the asteroid Bennu. The Origins, Spectral Interpretation, Resource Identification, Security, Regolith Explorer was NASA’s first spacecraft to visit an asteroid near Earth to bring back a sampling for scientists.  The spacecraft reached asteroid Bennue in 2018 and spent two …

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Pentagon could sack JEDI cloud project amid Amazon court battle

Pentagon officials are mulling ending its JEDI cloud-computing project, caught up in litigation from Amazon, the Wall Street Journal reported on Monday. Amazon, which was seen as a front-runner to win the $10 billion JEDI project that went to Microsoft in 2019, has argued the contract process reflected undue influence from former President Trump. A …

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Facebook oversight board member says site wields ‘too much power’

A co-chair of the Facebook Oversight Board that temporarily extended the ban against former President Donald Trump said Sunday that the social media giant’s rules governing content are in “shambles” and “not transparent” — and the company “exercises too much power.” Michael McConnell, a law professor at Stanford University, said the board agreed that Facebook …

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mass transport in floating magnetic pods

In the desert just north of Las Vegas, a long white metal tube sits at the base of the mountains, promising to one day revolutionize travel. That is where Virgin Hyperloop, whose partners include Richard Branson’s Virgin Group, is developing the technology for passenger pods that will hurtle at speeds of up to 750 miles …

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Blue Origin to begin space tourism ticket sales Wednesday

Blue Origin, billionaire Jeff Bezos’ rocket company, said Wednesday it is targeting July 20 for its first suborbital sightseeing trip on its New Shepard spacecraft, a landmark moment in a competition to usher in a new era of private commercial space travel. Blue Origin also said it will offer one seat on the first flight to the winning …

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