Technology

Amazon to Reportedly Stop Bulk Orders from Small Suppliers

Amazon to Reportedly Stop Bulk Orders from Small Suppliers

Amazon (AMZN) will stop placing bulk orders with thousands of small suppliers over the next few months, Bloomberg reported on Monday, citing three sources familiar with the company’s plans. Amazon is looking to cut costs and focus wholesale purchases from major brands such as Procter & Gamble (PG), Sony (SNE), and Lego, the sources said. This will ensure that the […]

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook Looks to Launch Own Cryptocurrency in Q1 2020

Facebook (FB) is finalizing plans to launch its own cryptocurrency in Q1 2020 with a digital payments system in about a dozen countries, BBC News reported on Friday. Facebook is looking to start testing its cryptocurrency, referred to internally as GlobalCoin, by the end of the year. The social media company is expected to outline more detailed plans this summer. […]