Browsing:Microsoft

Virginia-based MicroStrategy Incorporated,
2 months ago 1 min read

MicroStrategy secures $800M from notes sale to fund its growing Bitcoin portfolio

Virginia-based MicroStrategy Incorporated, well-known for embracing Bitcoin early on, has concluded a $800 million convertible note issuance. Finalized on March 8, 2024, the sale is aimed to institutional purchasers that meet certain regulatory requirements. Furthermore, an extra $100 million is included in the $800 million from an option that purchasers fully exercised on March 6, 2024. Plus, investors may choose between debt and equity via convertible notes, which have a semi-annual interest rate of 0.625% and mature on March 15, 2030. Additionally, with a conversion rate of 0.6677 shares for every $1,000, an initial conversion price of around $1,497.68 per

Regulatory Probe Targets Amazon and Microsoft's Cloud Computing Dominance
7 months ago 2 mins read

Amazon and Microsoft Under Investigation for Cloud Computing Competition

The UK’s cloud computing market is under investigation due to concerns about the dominance of Amazon and Microsoft, according to media watchdog Ofcom. The two tech giants reportedly make up 70-80% of the sector in the UK, while Google, their closest rival, holds only 5-10% of the market share. Ofcom expressed concerns in April about the lack of competition in the cloud computing sector, making it challenging for businesses to switch providers. To address these concerns, Ofcom has referred the matter to the UK’s Competition and Markets Authority (CMA) for further investigation. Both Amazon and Microsoft have stated that they

Microsoft exec says Google deals kept Bing small
7 months ago 1 min read

Microsoft exec says Google deals kept Bing small

A Microsoft executive testified on Thursday that Google’s deals with smartphone makers and other partners have kept Bing, Microsoft’s search engine, from growing. Jonathan Tinter, a Microsoft vice president, said that Bing has struggled to win default status on smartphones sold in the United States, even though Microsoft has offered to give partners more than 100% of the revenue from Bing search ads. “We were just big enough to play but not big enough to win,” Tinter said. Tinter’s testimony came as part of the US Justice Department’s antitrust trial against Google. The DOJ is accusing Google of abusing its

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