Kobo has its work cut out for it. The digital bookshop company reentered the US market this year, teaming up with Walmart to sell Kobo e-readers, the millions of books in its e-book library, and a new audiobook subscription service. The Rakuten-owned company faces stiff competition not just from Amazon, the reigning e-reader and e-book king, but also the looming reality that e-reader technology hasn't changed drastically enough to propel consistent sales growth in recent years. But Kobo is convinced that it can thrive in the US by offering competitive e-readers that feature no ads and by using Walmart's physical and online reach to introduce e-books and audiobooks to new customers. To do this successfully, Kobo needs a few things: solid e-readers at various price points, a vast e-book and audiobook library with deals and incentives that create loyal customers, and, hopefully, unique features that Amazon doesn't have. We tested out the $279 Kobo Forma, one of the company's … [Read more...] about Kobo Forma review: A formidable opponent for Amazon’s Kindle Oasis
Charge for amazon digital services
Chancellor Philip Hammond's proposed tax raid on tech companies would cut cash to Facebook and Google and hit recent benefits they had achieved from US tax cuts, according to credit ratings agency Moody's. The tax proposal would see a 2pc levy on revenues from digital advertising to UK consumers as well as “online marketplaces” that charge commission like Amazon. Moody's said the new digital services tax is expected to hit Facebook, Google, Amazon and Uber. For Facebook and Google, the new tax represents a new cost to the running of their business and would be "credit negative" for the tech giants. "If they cannot pass through this potential cost increase to customers, it will reduce free cash flow in future years," Moody's said. The Telegraph revealed this weekend that apps like Uber and Airbnb as well as app stores like that run by Apple could all be hit by the proposed tax change. The proposals are currently at a consultation phase and could still change … [Read more...] about Chancellor’s digital services tax will cut cash flow to big tech firms
Technology giants will have to pay more tax in the UK under new regulations unveiled by the Government today.In his Budget statement this afternoon, Chancellor Phillip Hammond revealed a two percent "digital services tax" on large tech firms such as Amazon, Facebook and Google.From April 2020, large social media platforms, search engines and online marketplaces will pay a 2 percent tax on the revenues they earn which are linked to UK users.The tax follows increasing pressure from both the public and politicians to take action against multi-billion dollar firms paying low rates of tax in the UK.Both Google and Facebook have been criticised for paying little taxes in previous years, largely by centering their UK operations in Ireland to avoid higher charges.Revealing the tax in Parliament, Hammond said that it will be, "carefully designed to ensure it is established tech giants – rather than our tech start-ups - that shoulder the burden of this new tax.”The news follows a … [Read more...] about UK announces digital services tax on tech giants
STAMFORD, Conn.--(BUSINESS WIRE)--May 2, 2018--Synchrony (NYSE: SYF ) today announced that for the first time, customers can manage their Amazon.com Store Card through voice commands, using Alexa. Cardholders can now use the Store Card skill for Amazon Alexa to check their account information, review recent purchases and charges, get payment due details and pay their bill.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180502005130/en/Cardholders can just ask Alexa when they want to access their Synchrony-powered account. (Graphic: Business Wire)To get started, cardholders will need to download the Alexa App, login using their Synchrony account details for the Amazon.com Store Card and establish a four-digit voice key. Then, cardholders will be prompted to enter the voice key when accessing their Amazon.com Store Card via an Alexa-enabled device. Once set up, cardholders can start to use the skill by saying, "Alexa, Open … [Read more...] about Synchrony Teams with Amazon to Introduce New Alexa Skill for Amazon Store Card
Supported by Technology By NICK WINGFIELDAPRIL 4, 2018 Continue reading the main story Share This Page Continue reading the main story SEATTLE — Five times in the last week, President Trump has pointed his Twitter arrows at Amazon over what he insists is a bad deal for the United States Postal Service.Mr. Trump wrote on Tuesday that the agreement, which sets what Amazon pays the Postal Service for many orders, costs American taxpayers billions of dollars. “I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy,” he wrote.The details about the deal are not public — they are considered commercially sensitive information — but some of the available evidence suggests the opposite: that Amazon has been a boon to the Postal Service.The Postal Service has experienced a steady decline in the amount of mail it ships as more of its customers turn away from postcards and letters in favor of … [Read more...] about Is Amazon Bad for the Postal Service? Or Its Savior?