Web security company Cloudflare files to go public (2 minute read)
Cloudflare filed for its initial public offering on Thursday. The company has 74,873 customers, 408 who contribute more than $100,000 each in annual bills. It reported a $36.8 million loss in the first half of 2019, with a revenue increase of 48 percent since the first half of 2018. Cloudflare helps companies distribute content and keep it available online, and it provides services to companies such as DigitalOcean, IBM, and Discord. Its competition includes Cisco, Akamai, Amazon, and Microsoft. In 2017, Cloudflare stopped providing services to clients with certain ideologies, which caused some losses with potential clients who elected not to subscribe to its services as a result.
Amazon offered vendors ‘Amazon’s Choice’ labels in return for ad spending and lower prices (4 minute read)
Amazon has recently come under fire as it was discovered that it previously allowed vendors the ability to bid for an Amazon's Choice badge by lowering prices and spending more money on advertising. The Amazon's Choice label gives certain products and items priority and better visibility in search results. Vendors with the label would see an increase in sales. Amazon has denied that this bidding program existed. The company has since switched to using algorithms to determine who gets the Amazon's Choice badge. However, with the new algorithm, Amazon frequently recommends inferior and defective products, as well as products whose reviews have been manipulated by the seller. Two senators have asked Jeff Bezos to explain how products are chosen for Amazon's Choice, as if sellers can pay for the badge, it would limit competition in the marketplace.