Amazon's best selling wholesales have long accused the company of mining their sales data to discover which products are most profitable; then Amazon clones the product and offers it for sale at a lower price than the wholesales can afford (because Amazon doesn't have to worry about a wholesale-retail markup when it's both wholesaler and retailer at once) and tweaks its search and recommendation system to drive sales to its private-label versions of its partners' products.
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Five months after learning of the devastating Spectre and Meltdown bugs, Intel CEO Brian Krzanich sold off more than $39,000,000 worth of his Intel stock, all he was permitted to liquidate.
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Paul Ryan ally Rep. Mike Conaway [R-TX, @ConawayTX11, +1 (202) 225-3605] is the proud owner of $30,000 worth of stock in UnitedHealth, who stand to benefit enormously from Rep Conaway's efforts to destroy Obamacare and replace it with a system that allows insurers to charge more and kick more than 22,000,000 Americans off their insurance. Read the rest
In a new working paper from the Center for Economic Policy Research, scholars look at the trading records of shareholders, directors and top executives of major financial institutions in the runup to the crash of 2007, and find that the sell-offs by the top five executives at a bank strongly correlated with that bank's losses in the crash, but that other stakeholders' trading do not correlate: in other words, the very top brass of banks knew that they were sitting on piles of worthless paper and sold before anyone else knew about it, and kept their shareholders, direct reports, and the board of directors in the dark. Read the rest