Good morning! This is the tech news you need to know this Thursday.
Oracle CEO Mark Hurd is taking a leave of absence, saying he needs “time focused on my health.” Oracle shares fell more than 5% as the company also reported fiscal-first-quarter results.
Andreessen Horowitz is reportedly backing Oculus founder Palmer Luckey’s new border technology startup Anduril with a $1 billion valuation. Palmer started Anduril after leaving Facebook in 2017 amid reports of his controversial political donations and support of far-right groups.
Cybersecurity company Cloudflare says it may have violated US law by doing business with terrorists and narcotics traffickers. The company made the admission in a quietly updated S-1 filing.
Uber has said a new bill in California re-classing gig-economy workers as employees won’t affect its drivers as they aren’t central to its business, the Verge reports. Uber’s chief legal counsel told reporters Uber drivers’ work counts as “outside the usual course” of business.
A brewing FTC antitrust investigation into Amazon is looking more and more serious. Bloomberg reported on Wednesday that Federal Trade Commission officials have been interviewing small businesses that sell through Amazon about the company’s business practices.
Video game retailer GameStop is closing 180 …read more
Source:: Businessinsider – Tech