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While the world of cloud computing is a huge enterprise, Microsoft isn’t really in the conversation when people discuss the topic. Amazon AWS, IBM, Salesforce, and Google all seem to dominate Microsoft in that area. Except, they don’t. Microsoft actually owns an 11 percent marketshare in the world of Storage as a Service (SaaS). And that puts them ahead of everyone except Amazon, which owns a 31 percent market share. Microsoft announced that they are opening two mega data centers in Africa, which is a direct push for cloud market share. Will it be enough to catch up to Amazon?
Read The Capitalist’s Take Here
Read More at TechCrunch Here
Read More at Bloomberg Here
TRUMP ADMINISTRATION PULLS TRIGGER ON NAFTA RENEGOTIATION
The Trump administration has set into motion the process to renegotiate the North American Free Trade Agreement, following through on the president’s earlier promise. U.S. Trade Representative Robert Lighthizer formally notified congressional leaders in a letter Thursday that the president intends to launch negotiations with Canada and Mexico “as soon as practicable.”
“The United States seeks to support higher-paying jobs in the United States and to grow the U.S. economy by improving U.S. opportunities under NAFTA,” the letter reads. “In particular, we note that NAFTA was negotiated 25 years ago, and while our economy and businesses have changed over that period, NAFTA has not.”
Read More at NPR Here
Read More at NY Times Here
Read More at CNN Here
EU SLAPS FACEBOOK WITH $122M FINE OVER DISCLOSURES IN WHATSAPP DEAL
Europe’s love affair with Facebook may be coming to an end. On Thursday, the European Union’s powerful antitrust chief fined the social network 110 million euros, or about $122 million, for giving misleading statements during the company’s $19 billion acquisition of the internet messaging service WhatsApp in 2014. The fine — one of the largest regulatory penalties against Facebook — comes days after Dutch and French privacy watchdogs ruled that the company had broken strict data protection rules.
Read More at NY Times Here
Read More at The Guardian Here
Read More at Quartz Here
Closing Bell
– Thursday, May 18th
Markets See Bounce UP as Crude Ticks Upwards
Big Insider Trades
– US Foods Holding Corp. (USFD) Director John Anthony Lederer Sells $17
– American Assets Trust, Inc. (AAT) CEO Ernest Rady Buys $1.3m
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