Twitch was just acquired by Amazon for $970 million in an all-cash deal. A few months ago, it was looking like Google would be the buyer for $1 billion. No word yet on why the reported Google deal fell through.
Alibaba Group Holding Ltd might just have put its biggest US competitor in hot waters with the launch of its own cloud service. The e-commerce giant announced today it will be launching its Aliyun platform for its American audience, a cloud service that was first introduced in China in 2009. A cloud computing hub with servers will be established in America's Silicon Valley, putting the company in direct competition with companies like Amazon, Microsoft, and Google.
Lots of things made our modern all-online, all-video era possible: Internet connections got faster, tech got cheaper, and so on. But the thing that made companies like Netflix, Amazon, and Hulu willing and able to become household names in TV is a little invisible: it’s the ability to keep you paying for content.
Google's biggest event of the year, Google I/O, starts Wednesday with a two-hour keynote presentation starring the company's top executives. Google I/O is the company's developers conference, but it's also the event that sets the tone for most of the company's consumer products for the next year or so.
Google Inc. (GOOGL) has expanded its online shopping and delivery service to three more states today. The move by Google will intensify competition with its self-proclaimed and biggest competitor, Amazon.com Inc. (AMZN).