In 2015, there were fewer than 50 Amazon employees in Ohio. By the end of this year, that number will approach 9,000.
What's happening: The jobs boom is due to a string of warehouse openings. Amazon now has seven distribution centers in Ohio — two on the sites of former malls — and it is building an air hub near Cleveland.
Snap's stock price shot up more than 6% on Tuesday after the company beat analyst expectations, posting $388.02 million in revenue.
By the numbers: The gains surprised investors, as the stock was expected to post at $359.56 million, and $0.06 loss per share (vs. a $0.10 expected loss). Snap also added 13 million new daily active users this quarter.
After a high-level White House meeting Monday between administration economic officials and key executives, major American producers of tech hardware still don't know what they can and can't sell to Huawei, China's controversial telecom giant.
Why it matters: Huawei has become a flashpoint for trade tensions and security concerns between China and the U.S., and the tech companies that do business with it have had to navigate a policy maze.
Apple is reportedly once again in talks with Intel to buy the company's troubled cellular modem business for around $1 billion.
Why it matters: Although Apple recently settled its legal dispute with Qualcomm, the company is widely believed to be interested in developing its own modem capabilities internally and has already hired people from both chipmakers, including at a new office in San Diego.
Efforts to dethrone Netflix abroad are underway, as more money pours into upstarts looking to compete locally against the streaming giant.
Why it matters: Netflix's user base is nearing saturation in the U.S., so it needs to continue growing abroad if it ever wants a chance at profitability.
Taking into account the full-spectrum costs associated with a data breach, the average breach costs U.S. companies $8.19 million, according to a new study from IBM and the Ponemon Institute.
The big picture: It's not cheap to be breached. But the same study shows that a little foresight can save a large chunk of damages.
A Louisiana police officer who suggested on Facebook that Rep. Alexandra Ocasio-Cortez (D-N.Y.) should be shot was fired from his job, along with a second officer who liked his post.
The big picture: Nola.com first reported that Gretna City Police Department officer Charles Rispoli wrote in a post Thursday that linked to a fake story on the freshman lawmaker, "This vile idiot needs a round.... And I don't mean the kind she used to serve." The outlet obtained a screenshot before it was deleted.
Just 60 of the Fortune 500 of 1955 remain in the hallowed group. The rest (like American Motors, above, subsumed by Chrysler in 1987) have been largely the victims of changing times, tough competition or their own missteps.
What's happening: Tom Siebel, founder of C3.ai, an artificial intelligence firm that serves big corporations and the Army, says that this is an existential moment for current Fortune 500 companies that don't move quickly to adapt to the new age of AI and robotics.
The Trump administration is planning another meeting with tech leaders Monday, this time bringing together the heads of some of the country's biggest chipmakers to meet with White House economic adviser Larry Kudlow.
What's happening: A source tells Axios that the companies were told the meeting's agenda was simply "economic issues." However, given the invite list, the discussion is expected to focus on tariffs and China broadly, and the topic of Huawei and the administration's ban on its products is expected to be at the top of the list.
