Amazon expected to post record quarterly sales growth – analysts

Online retail giant could be on track to overtake Apple as the world’s biggest firm, experts say

Amazon will report a record-breaking 40% increase in sales in the first three months of the year to $50bn (£35.8bn) on Thursday as the retail behemoth grows its global reach, analysts have predicted.

The company, which employs more than 560,000 around the world, is expected to announce its highest ever first-quarter sales and 12th consecutive quarterly profit.

Continue reading… …read more

Facebook chief’s select committee session: five things we heard

MPs grilled Mike Schroepfer on Cambridge Analytica. Here’s what he and they had to say

Mike Schroepfer may not have been Mark Zuckerberg, but Facebook’s chief technology officer was nevertheless forced to admit in front of MPs that the company had made errors in its handling of the Cambridge Analytica data breach, faced questions over what the company had not told MPs in a previous hearing, and apologised for threatening the Guardian with legal action.

Here are the five main points from his appearance before the digital, culture, media and sport select committee:

Continue reading… …read more