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Amazon stock dives as profit doubles but misses forecasts

Amazon Card

Amazon shares tumbled more than 12 per cent in after hours trading as the company missed profit expectations, despite reporting income had more than doubled year-on-year in the final quarter of 2015 to $482m (£336m) from $214m, or $1.00 per share from $0.45. However, this was significantly wide of analysts' expectations of $1.56 per share.

EU could force Google to pay more UK tax

Tax

Google could be forced to pay more UK tax by the EU after officials confirmed they will look into complaints from the SNP and Labour that the tech giant’s £130m settlement amounted to special treatment.

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Blowing Whistle

Demands on Lavabit violated Fourth Amendment, lawyers say

The US government violated the Fourth Amendment right to protection from unreasonable searches when it demanded that Lavabit, NSA whistleblower Edward Snowden’s email provider, hand over the encryption keys to its service, lawyers said in court filings on Thursday.

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