Year: 2020

The EU plans to file formal antitrust charges against Amazon.com, according to people familiar with the matter, the latest step in a nearly two-year probe into the company’s alleged mistreatment of sellers that use its platform.

Former top Facebook Inc. deputy Chris Cox is returning to the social-media giant, just over a year after leaving amid disagreements with CEO Mark Zuckerberg over the company’s direction.

While some critics have focused on its propensity to divide, social media has united people world-wide this time in their anger over the killing of George Floyd. It is also influencing which actions people take, depending on what catches fire online.

The company said it is halting law-enforcement use of its facial-recognition technology for a year, as Congress takes steps to regulate such tools amid widespread criticism about racial and gender bias.

Walt Disney said it aims to begin a phased reopening of its Disneyland Resort in July. Disney parks have been shut down since March.

Grubhub agreed to combine with Europe’s Just Eat Takeaway.com, turning its back on Uber Technologies in a surprising twist in the scramble for mergers among food-delivery companies.

The leading U.S. chicken producer said it is aiding in a Justice Department price-fixing investigation under a leniency program that would allow the company to avoid criminal prosecution.

A surge in online ordering overwhelmed Thrive Market, one of a host of retailers trying to compete against the Amazon retail juggernaut. “It felt like a pick-your-poison moment,” said co-founder and CEO Nick Green.

The market value of Nikola, a little-known electric-truck startup that went public last week, has surged as investors continue to bet on the growth potential of electric transportation.

AMC Entertainment Holdings, the world’s largest movie-theater chain, registered a $2.2 billion net loss in the first quarter, underscoring the devastating economic blow the pandemic has had on the exhibition industry.