Elon Musk and his company Tesla witnessed new heights in their respective valuation. While the automaker soared past $700 billion market value, the company’s chief saw his net worth eclipsing that of Jeff Bezos’ and making him the richest person on the planet. Musk’s net worth hit $195 billion on Thursday; a $150 billion increase over the past 12 months, thanks to Tesla’s share price, which surged 743 % in 2020.
China Says No To “AWS”
In what is possibly a weird demand for Amazon, the Chinese authorities have banned the e-commerce giant from using its AWS logo in the country. According to reports, The Beijing Municipal High People’s Court ruled that the trademark for the term “AWS” belonged to ActionSoft, a Chinese software and data services company. The court ordered Amazon to stop using the term AWS or any similar logos in China and pay compensation equivalent to $11.8 million, to ActionSoft. “Amazon was …
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