Morning Beat: Amazon.com, Inc. (AMZN), PayPal Holdings Inc (PYPL), and Twitter Inc (TWTR)
Amazon.com, Inc. (NASDAQ:AMZN) just proved that its original TV shows have what it takes to propel it top of the charts on the streaming business. The just concluded BAFTA TV awards all but underscored the fact that Amazon Prime library has what it takes to compete with Netflix’s Library.
Amazon.com, Inc. (NASDAQ:AMZN)’s Transparent scooped the award for the best film in the international category, beating the likes of Narcos, Spiral and Good Wife in the process. The show has now edged Mozart in the Jungle as the company’s most successful show having scooped a number of awards elsewhere.
Netflix, Inc.(NASDAQ:NFLX) is yet to win a BAFTA award further underscoring the fact that it has a lot to do if it is to continue winning the masses in the highly competitive business.
PayPal Holdings Inc (NASDAQ:PYPL) will no longer offer purchase protection for payments accrued from crowd-funding platforms. The changes will also affect payments made for gambling, gaming, and all activities that have an entry fee and a prize. The policy change will come into effect on June 25.
What the changes means is that PayPal Holdings Inc (NASDAQ:PYPL) will no longer foot the bill, should a given purchase or payment pan out as expected. The payment company currently covers all the cost if a user ends up receiving a final product that does not meet the standards as described before purchase.
Twitter Inc (NYSE:TWTR) has barred a service that sifts through tweets shared on the platform from sharing any data with the U.S intelligence services. Dataminr the data analytics firm with access to current and historical tweets will now have to end its ties with intelligence agencies.
Twitter Inc (NYSE:TWTR) has a 5% in the data analytics firm whose service is often used in finance, news, security and corporate sectors. The company has continued to thrive in the background given that Twitter can be a powerful source of information, which security agencies most of the time is in pursuit of.
Facebook Inc (NASDAQ:FB) can heave a sigh of relief after a Chinese court ruled in its favor against a Chinese company wanting to use the name ‘face book.’ Zhongshan Pearl River had registered the name in 2014 but can no longer use it, the court having ruled that it violated moral principles.
The court on its ruling questioned the company’s motive behind the name ‘face book,’ which it says suggested it wanted to copy and duplicate another high-profile trademark. The ruling is already the subject of discussion in China with many suggesting Beijing may be planning to lessen its hard stance against Facebook Inc (NASDAQ:FB).
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