Tag: Amazon

  • Wisdom Dafinone’s books get Amazon’s nod

    Wisdom Dafinone’s books get Amazon’s nod

    Acclaimed poet and financial consultant, Wisdom Oteri Dafinone has finally put his books on the renowned book platform online, Amazon.

    In 2019 Dafinone launched his first set of three (3) books of Poetry at the Institute of International Affairs in Lagos Nigeria. All three books were recommended by the Nigerian Educational Research and Development Council as supplementary text.

     

    The Lagos State Education Board adopted one of his books Ode To Inamorata for Literature and English JSS3 in the current academic school year.

    Books like ‘Guns and Stripes’ and ‘Heroes of our hearts and love’ are currently on Amazon.The other 4 books will follow alternatively .

     

    The author said his mission is to distill and transform Nigerians’ hope into palpable positive purposes, speaking truth to power, and empowering the youths who are the true visionaries in recreating a better future.

    “I dream of the day when the youth will spend less time on their smartphones and more on social skills, reading and writing poetry and prose,” he said.

    The poet said writing comes easy to him.

    Dr. Solomon O Azurumana of the Department of English, University of Lagos who reviewed Dafinone’s book said like a professional artist, he dexterously employs words to recreate his contemporary world using universal imageries and symbolisms.

     

     

     

     

     

  • Billionaire Amazon founder, Jeff Bezos announces plans to step down as CEO

    Billionaire Amazon founder, Jeff Bezos announces plans to step down as CEO

    Jeff Bezos said Tuesday he would give up his role as Chief Executive of Amazon later this year as the tech and e-commerce giant reported a surge in profit and revenue in the holiday quarter.

    The company said Andy Jassy, who heads Amazon Web Services, would take over as CEO in the third quarter.

    The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 per cent to $125.6 billion.

    Bezos, who has become the world’s richest person based on his stake in Amazon, said he will transition to the role of executive chair in the third quarter to hand over the CEO role to Jassy.

    “Amazon is what it is because of invention,” Bezos said in a statement.

    “Right now I see Amazon at its most inventive ever, making it an optimal time for this transition.”

    Jassy joined Amazon as a marketing manager in 1997 and in 2003 founded AWS, the web division of the company which has been one of the most profitable but least-known units of the tech colossus.

  • Amazon, Apple stay away from new French initiative to set principles for Big Tech

    Amazon, Apple stay away from new French initiative to set principles for Big Tech

    U.S. tech giants Amazon and Apple have not signed up to a new French initiative to get global tech companies to publicly commit to principles including paying their fair share of taxes, government officials said on Monday.

    French President Emmanuel Macron has sought for the past three years to cajole tech giants into collaborating with governments on a series of global challenges such as fighting hate speech online, preserving privacy or contributing to state coffers.

    Amid a public outcry about technology groups’ good fortunes during the coronavirus pandemic this year, Macron’s advisers said on Monday that the president had asked tech companies to sign up to a new initiative called “Tech for Good Call” underlining principles for the post-COVID world.

    The French government released a list of 75 executives of tech companies that had signed up to the initiative so far, including Google CEO Sundar Pichai, Facebook’s Mark Zuckerberg and Microsoft President Brad Smith.

    Apple and Amazon were notably absent from the list.

    Apple declined to comment, but French officials said talks with the group were ongoing and they could still join the initiative, details of which will be published officially by Tuesday.

    A representative for Amazon, which French officials said had declined to join the initiative, did not return a request for comment.

    “The goal is also to… observe objectively those who decide to play ball and align their interest with individuals and societies and those who stay out of this joint movement,” a presidential adviser told a press briefing.

    Leading tech executives such as Facebook’s Zuckerberg attended the so-called “Tech for Good” summit hosted by the French president at the Elysee Palace in 2018, which gave birth to working groups on issues that have become sources of tension between governments and “Big Tech”.

    The new initiative is not legally binding, but French officials said Macron will use it as a tool to influence upcoming negotiations at global forums on regulating Big Tech.

    The U.S. and European governments have clashed over the issue of taxing Big Tech during talks at the OECD.

    Signatories to the “Tech for Good Call” commit to “contribute fairly to the taxes in countries where (they) operate”; prevent the dissemination of “child sexual abuse material, terrorist or extreme violence online contents”; and “support the ecological transition”, among other things.

  • Facebook, Twitter, Google CEOs avoid subpoena, agree to testify before U.S. Senate committee

    Facebook, Twitter, Google CEOs avoid subpoena, agree to testify before U.S. Senate committee

    The chief executives of Facebook, Twitter and Alphabet-owned Google have agreed to voluntarily testify at a hearing before the Senate Commerce Committee on October 28 about a key law protecting internet companies.

    Facebook and Twitter confirmed on Friday that their CEOs, Mark Zuckerberg and Jack Dorsey, respectively, will appear, while a source said that Google’s Sundar Pichai will appear.

    That came a day after the committee unanimously voted to approve a plan to subpoena the three CEOs to appear before the panel.

    Twitter’s Dorsey tweeted on Friday that the hearing “must be constructive & focused on what matters most to the American people: how we work together to protect elections.”

    The CEOs are to appear virtually.

    In addition to discussions on reforming the law called Section 230 of the Communications Decency Act, which protects internet companies from liability over content posted by users, the hearing will bring up issues about consumer privacy and media consolidation.

    Republican President Donald Trump has made holding tech companies accountable for allegedly stifling conservative voices a theme of his administration.

    As a result, calls for a reform of Section 230 have been intensifying ahead of the Nov. 3 elections, but there is little chance of approval by Congress this year.

    Last week Trump met with nine Republican state attorneys general to discuss the fate of Section 230 after the Justice Department unveiled a legislative proposal aimed at reforming the law.

    The chief executives of Google, Facebook, Apple Inc and Amazon.com Inc recently testified before the House of Representatives Judiciary Committee’s antitrust panel.

    The panel, which is investigating how the companies’ practices hurt rivals, is expected to release its report as early as next Monday.

  • NBC Code: Netflix, Amazon, iROKOtv, Africa Magic may terminate investment in Nigeria

    NBC Code: Netflix, Amazon, iROKOtv, Africa Magic may terminate investment in Nigeria

    Content streaming service providers, Netflix and Amazon, as well as pay television channels, iROKOtv and Africa Magic are considering terminating additional investments in the Nigerian content industry,

    The four platforms have been forced to consider suspension of investments in Nigeria because of the 6th Broadcast Code recently released by the National Broadcasting Commission (NBC).

     

    Creative and broadcasting industry sources disclosed that four platforms, which have invested immensely in local content production that are exclusive to them, are convinced that the new broadcast code is a huge threat to their investments, as it seeks to end exclusivity to broadcast properties and compel re-sale or sub-licensing to other broadcasters, including direct competitors. Sources told our correspondent that the new code makes exclusivity illegal, compels content sub-licensing and aims to regulate the prices at which content is sub-licensed.

     

    According to an industry source, the broadcast platforms view Sections 9.0.1 to 9.0.3 of the broadcast code represent a direct assault on investors, as it eat into the possibility of reaping dividends on their investments.

    “These sections prohibit broadcasters from entering into rights acquisition agreements that do not allow the sub-licensing of such rights in Nigeria. The implication is that any such agreement entered into is void,” she explained. An Enugu-based industry source also reasoned that Sections 9.1.1.8 to 9.1.1.11 of the Code are most injurious to investors in the industry.

     

    The sections provide that a broadcaster must sub-license a programme in any genre if such enjoys massive viewership among Nigerians. The implication of this, explained the source, is that investors, who fund the development of hit movies, series and shows, will be forced to sub-license that programme irrespective of whether or not they have recouped their investments.

     

    “This isn’t just silly, but also wicked. It amounts to uncompensated use of intellectual property. The proper thing is for a broadcaster to freely bid for, negotiate or acquire rights at prices dictated by the market and on terms acceptable to channel suppliers,” he said. He further explained that forced sub-licensing will inhibit investments, especially by foreigners in the content creation and broadcasting industry.

     

    “I wasn’t surprised to learn that Netflix and Amazon are fretting. They should fret because they have invested heavily in the acquisition of Nigerian content.

    “They are yet to recoup their investments, but you’re saying they must sell to competitors. Do you think other investors will be encouraged to come and invest? No. “AfricaMagic has spent tonnes of money buying and creating local content. They are right to panic. So is Irokotv,” he said.

    A former content creator clarified that the broadcasting industry is already a difficult terrain to operate and has been made worse by the new code. He stated that NBC is seeking to turn private enterprise into state property and be the one to determine the scale of dividends an investor should reap on his investment. He argued that broadcasters will invest only if they are certain that the content on their platforms will help differentiate their offerings and they are able to sufficiently recoup what they invested. He warned that NBC’s interference in broadcasters’ freedom to trade will discourage investment in the broadcasting industry. This, in turn, he said, will have a negative impact on the production sector and the wider economy.

     

     

  • Saudi denies involvement in Jeff Bezos phone hacking

    Saudi Arabia on Wednesday dismissed reports suggesting that the Kingdom’s powerful crown prince was behind the phone hacking of Amazon founder and Washington Post owner, Jeff Bezos.

    “Recent media reports that suggest the Kingdom is behind a hacking of Mr Jeff Bezos’ phone are absurd.

    “We call for an investigation on these claims so that we can have all the facts out,’’ the Saudi embassy in Washington wrote in a tweet.

    The Guardian reported on Tuesday it was “highly probable’’ that Bezos’ mobile phone was hacked in 2018 after he received an infected video file via WhatsApp from the number used by Saudi Crown Prince Mohammed bin Salman.

    Meanwhile, Saudi Arabia has previously denied it hacked Bezos’ phone.

    Bezos is the owner of the Washington Post newspaper, whose columnist, Jamal Khashoggi, was murdered inside the Saudi consulate in Istanbul in October 2018.

    The newspaper has covered the death, the investigation and the political fallout closely.

    Officials in Riyadh have repeatedly said Mohammed had nothing to do with Khashoggi’s death and described it as a “rogue operation”.

    In December, five people were sentenced to death in Saudi Arabia for Khashoggi’s murder.

    Agnes Callamard, the UN Special Rapporteur on extra-judicial executions, who investigated the Khashoggi case, and David Kaye, UN Special Rapporteur on freedom of opinion & expression, were due to deliver a statement.

    Kaye wrote that they would be addressing “these very serious hacking allegations’’.

  • Microsoft edges Amazon to land Pentagon’s $10b cloud computing contract

    Microsoft edges Amazon to land Pentagon’s $10b cloud computing contract

    Microsoft has won the $10 billion JEDI cloud computing contract, edging out rival Amazon, Pentagon announced on Friday.

    “The JEDI Cloud contract will provide enterprise level, commercial Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) to support Department of Defense business and mission operations,” the Defense Department said its description of the contract.

    The project is scheduled to be completed in October 2029.

    The entire contracting process, which involved bids from companies like Google, Oracle and IBM, was steeped in controversy over the past few months.

    First, Google dropped out of the race after employees petitioned against the contract, raising concerns over the ethics of supplying its technology to the military.

    That theory was reportedly similar to one created by Oracle’s executive vice president, Ken Glueck, along with one of the company’s Washington lobbyists. Oracle had also raised similar concerns in a December lawsuit against the Defense Department, claiming that the Pentagon’s requirements for the contract were created in a way that favored Amazon, making it easier for the e-commerce and cloud-computing giant to win the bidding process.

    Lawmakers on Capitol Hill also got involved in the process in recent weeks, sending letters to the president requesting for the contract to be delayed until officials could examine the awards process.

    “This contract has already been delayed a year for investigations and court filings,” two Republicans wrote in one letter. “Further delays make DOD fall behind and DOD needs this technology now. The cloud makes the military a more lethal, agile and innovative force.”

    One letter, from 12 House Republicans, was dated the same day Mark Esper assumed his role as secretary of defense.

    *With background report by verge.com

  • World’s richest man agrees to $35 billion divorce deal

    World’s richest man agrees to $35 billion divorce deal

    World’s richest man, Jeff Bezos, who is the founder of online retail giant, Amazon has agreed to a $35.6 billion divorce deal with his wife, MacKenzie.

    TheNewsGuru (TNG) reports Jeff, 55, and MacKenzie, 48, a novelist, who married in 1993 with four children, have been embroiled in a divorce battle.

    With the divorce deal agreed, MacKenzie will be keeping a 4% stake worth $35.6bn in the online retail giant that Jeff founded in Seattle in 1994, a year after the couple married, and MacKenzie was one of its first employees.

    The Amazon founder had held a 16.3% stake in the company prior to the divorce deal, but would now only be retaining 75% of that stake.

    However, MacKenzie transferred all of her voting rights to her former husband, and she has also given up her interests in the Washington Post newspaper and Jeff’ space travel firm, Blue Origin.

    MacKenzie seems to be satisfied with the deal as she took to Twitter to tweet for the first time saying, “Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness, and looking forward to next phase as co-parents and friends.

    “Happy to be giving him all of my interest in Washington Post and Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible comsanies.

    “Excited about my own plans. Grateful for the past as I look forward to what comes next”.

    Jeff also took to Twitter to express gratitude to friends and family for their encouragement and love while the divorce process lasted.

    “I’m so grateful to all my friends and family for reaching out with encouragement and love. It means more than you know.

    “MacKenzie most of all. I’m grateful for her support and for her kindness in this process and am very much looking forward to our new relationship as friends and co-parents.

    “In all our work together, MacKenzie’s abilities have been on full display. She has been an extraordinary partner, ally, and mother.

    “She is resourceful and brilliant and loving, and as our futures unroll, I know I’ll always be learning from her,” he said.

    Jeff and MacKenzie did not provide any further financial details about the divorce deal.

    According to Forbes, the Amazon shares alone will make MacKenzie the world’s third-richest woman while Jeff will remain the world’s richest person.

  • Embarrassing photos: “I prefer to… see what crawls out”, says Jeff Bezos

    Embarrassing photos: “I prefer to… see what crawls out”, says Jeff Bezos

    Billionaire founder of Amazon, Jeff Bezos has said he prefers “to stand up, roll this log over, and see what crawls out” after National Enquirer, a media outfit owned by American Media, Inc. (AMI) threatened to publish embarrassing photos of him.

    TheNewsGuru (TNG) reports Bezos, who jointly with MacKenzie, his ex-wife, announced their divorce recently, and who has been reported to be secretly dating a married former TV presenter, stated this via a Medium post on Thursday.

    Bezos, who revealed several emails emanating from AMI, the owner of the National Enquirer, led by David Pecker, said he did not know much a few weeks ago when intimate texts messages from him were published in the National Enquirer.

    “Something unusual happened to me yesterday. Actually, for me it wasn’t just unusual — it was a first. I was made an offer I couldn’t refuse. Or at least that’s what the top people at the National Enquirer thought. I’m glad they thought that, because it emboldened them to put it all in writing.

    “I didn’t know much about most of that a few weeks ago when intimate texts messages from me were published in the National Enquirer. I engaged investigators to learn how those texts were obtained, and to determine the motives for the many unusual actions taken by the Enquirer. As it turns out, there are now several independent investigations looking into this matter,” he said.

    He further stated that “Several days ago, an AMI leader advised us that Mr. Pecker is “apoplectic” about our investigation. For reasons still to be better understood, the Saudi angle seems to hit a particularly sensitive nerve.

    “A few days after hearing about Mr. Pecker’s apoplexy, we were approached, verbally at first, with an offer. They said they had more of my text messages and photos that they would publish if we didn’t stop our investigation.

    “My lawyers argued that AMI has no right to publish photos since any person holds the copyright to their own photos, and since the photos in themselves don’t add anything newsworthy”.

    AMI’s claim of newsworthiness is that the photos are necessary to show Amazon shareholders that my business judgment is terrible.

    “I founded Amazon in my garage 24 years ago, and drove all the packages to the post office myself. Today, Amazon employs more than 600,000 people, just finished its most profitable year ever, even while investing heavily in new initiatives, and it’s usually somewhere between the #1 and #5 most valuable company in the world. I will let those results speak for themselves,” he said.

    After receiving threat to publish intimate photos of him, the Amazon founder said, “Well, that got my attention. But not in the way they likely hoped. Any personal embarrassment AMI could cause me takes a back seat because there’s a much more important matter involved here.

    “If in my position I can’t stand up to this kind of extortion, how many people can? (On that point, numerous people have contacted our investigation team about their similar experiences with AMI, and how they needed to capitulate because, for example, their livelihoods were at stake)”.

    Bezos stated that in the letters AMI allegedly sent to him, which he made public, precise details of extortionate proposal could be seen.

    “They will publish the personal photos unless Gavin de Becker and I make the specific false public statement to the press that we “have no knowledge or basis for suggesting that AMI’s coverage was politically motivated or influenced by political forces.”

    “If we do not agree to affirmatively publicize that specific lie, they say they’ll publish the photos, and quickly. And there’s an associated threat: They’ll keep the photos on hand and publish them in the future if we ever deviate from that lie.

    “Be assured, no real journalists ever propose anything like what is happening here: I will not report embarrassing information about you if you do X for me. And if you don’t do X quickly, I will report the embarrassing information.

    “Nothing I might write here could tell the National Enquirer story as eloquently as their own words below.

    “These communications cement AMI’s long-earned reputation for weaponizing journalistic privileges, hiding behind important protections, and ignoring the tenets and purpose of true journalism.

    “Of course I don’t want personal photos published, but I also won’t participate in their well-known practice of blackmail, political favors, political attacks, and corruption. I prefer to stand up, roll this log over, and see what crawls out,” he stated.

     

  • France, Germany aim to keep digital tax alive

    France and Germany on Tuesday sought to salvage a proposed EU tax on big digital firms including Google and Facebook by narrowing the focus to cover only companies’ online advertising revenue.

    Eager to break months of deadlock, the two countries’ finance ministers put a new proposal to their EU counterparts at a meeting on the issue in Brussels.

    In March, the European Union’s executive arm proposed a 3 percent tax on big digital firms’ online revenues, accusing them of funnelling profits through member states with the lowest tax rates to keep their overall tax down.

    While France has pushed hard for the digital levy, countries such as Ireland, Denmark, Sweden, and Finland have opposed it while Germany has also had misgivings.

    The new Franco-German proposal would still impose a 3 percent levy, but not cover data sales and online marketplaces since it would be focused on advertising revenues.

    That means companies with big online advertising operations like Google and Facebook would be the most affected as they make the majority of the market in Europe.

    A broader turnover tax on firms with significant digital revenues in Europe would have hit companies such as Apple and Amazon harder.

    “It’s a first step in the right direction which in the coming months should make the taxation of digital giants a possibility,” French Finance Minister Bruno Le Maire said.

    “Will it put all arguments to rest? certainly not,” he added.

    Le Maire said that if the tax were adopted, individual countries like France would be free to impose it on a wider basis.

    In the original European Commission proposal, the tax was intended to be a temporary “quick fix” until a broader solution could be found among OECD members.

    Under the Franco-German proposal, the tax would not come into force until January, 2021 and only if no broader international solution has been found.

    The tax requires the support of all 28 EU states, including small, low-tax countries like Ireland which have benefited by allowing multinationals to book profits there on digital sales to customers elsewhere in the European Union.

    The European Union’s current Austrian presidency has been trying to reach a deal on the tax by the end of the year. The Franco-German proposal calls for a deal by March.

    The setback is a painful blow to French President Emmanuel Macron, as his government had invested considerable political capital in the tax. It is also seen in Paris as a useful example of joint European action before EU parliament elections next year.