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Amazon Surpasses Walmart in Revenue For First Time

3 months ago
Amazon has dethroned Walmart in quarterly revenue for the first time ever. From a report: Amazon said earlier this month that it brought in $187.8 billion in revenue during the fourth quarter. That beat out Walmart's sales for the period, which came in at $180.5 billion, the company reported on Thursday. Since 2012, Walmart has held the distinction of being the top revenue generator each quarter, a title it gained after overtaking oil giant Exxon Mobil. Walmart still leads the way in annual sales, though Amazon is gaining ground. Walmart is projected to reel in $708.7 billion in the fiscal year ahead while Amazon's full year revenue for 2025 is expected to reach $700.8 billion, according to FactSet.

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FTC Launches Broad Tech 'Censorship' Probe Targeting Meta, Uber

3 months ago
The U.S. Federal Trade Commission has launched an inquiry into potential "censorship" by technology platforms ranging from Meta to Uber, marking an escalation in scrutiny of content moderation practices. FTC Chair Andrew Ferguson called for public comment on what he termed "Big Tech censorship," describing it as "un-American" and "potentially illegal." The broad probe could examine social media, video sharing, ride-sharing and event planning services. The announcement follows long-standing Republican claims that conservative viewpoints face discrimination on social media platforms.

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Twitch is Limiting Streamers To 100 hours of Highlights and Uploads

3 months ago
Twitch is planning to cull some of the content archived by streamers to save on storage costs. From a report: On Wednesday the streaming platform announced that it will introduce a 100-hour storage cap for Highlights and Uploads starting April 19th, warning that users will have their content automatically deleted until it falls below the limit. Twitch says it's doing this because "Highlights haven't been very effective in driving discovery or engagement," and it isn't worth the cost of storing thousands of hours of such content. Twitch is owned by Amazon, a market-leading cloud storage provider -- a detail that hasn't gone unnoticed by streamers criticizing the decision.

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