Amazon’s heavy investment in new content and technology to fight off deep-pocketed rivals is proving expensive and analysts fear this will hurt operating earnings for some time. Shares of the company traded down 12 percent at $315 in premarket trading, as at least 11 brokerages cut their price targets on the stock by as much as $60 to $340-$460.

Foxconn Technology Group, the world’s biggest electronics component maker, said on Thursday it will sign agreements with China’s Guizhou province to research and develop big data technology and nanotechnology. Foxconn, the major supplier of Apple Inc’s iPhones, has had similar projects in cooperation with Tsinghua University and Peking University, according to a company statement. The flagship unit of Foxconn is Hon Hai Precision.



Facebook, the world’s No.1 social network, suffered a service disruption on Friday that made the website unavailable to some users. Some visitors to the site were greeted with a message that read “Sorry, something went wrong. We’re working on getting this fixed as soon as we can.” It was not immediately clear how widespread the disruption was. Facebook, which has 1.32 billion monthly users, did not immediately respond to requests for comment.



Finnish TV station MTV said on Tuesday, Finnish telecoms equipment company Nokia paid several million euros to criminals who threatened to reveal the source code for part of an operating system used in its smartphones some six years ago. The police confirmed to Reuters that they were investigating a case of alleged blackmail and that the case was still open. MTV said that the blackmailers had acquired the encryption key for a core part of Nokia’s Symbian software and threatened to make it public.



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It spans 52 parallel universes, featuring characters like a nazi Superman and a vampire Batman. And although you’ll need an infographic to keep track of everything, Grant Morrison’s new, mind-bending mini-series The Multiversity encompasses everything that’s right in the alternate reality comic book world.

Google Inc has agreed to create a $250 million internal program to disrupt rogue online pharmacies as part of a deal to end shareholder litigation over accusations the search company improperly allowed ads from non-U.S. drug sellers. Google said it would make content about prescription drug abuse more visible and work with legitimate pharmacies to counter marketing by rogue sellers, documents filed in an Oakland.



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