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Dave Lee / Financial Times:
Amazon has accused the FTC of harassing its top executives, including Jeff Bezos and Andy Jassy, as part of its probe into Prime membership scheme — Ecommerce group hits out at regulator’s tactics in prob…
Ian King / Bloomberg:
Experts say the chip market is facing an “inventory correction”, which could be the worst downturn in a decade, as the global economy weakens and demand fades — Even in an industry famous for its ro…
Sarah Krouse / Wall Street Journal:
Antenna: 19% of US streaming users canceled 3+ subscriptions from June 2020-June 2022; average monthly customer defections were 5.46% in July, up from 4.46% YoY — Customer loyalty to Netflix, Hulu…
Mark Gurman / Bloomberg:
Sources: Apple has laid off about 100 recruiter contractors in a rare move in the past week as part of a push to rein in hiring and spending — Apple Inc. laid off many of its contract-based recruiters in the…
John D. McKinnon / Wall Street Journal:
Idaho-based Kochava sues the FTC, claiming the agency is threatening to sue it for marketing geolocation data that might be used to track abortion clinic visits — FTC wrongly contends data cou…
Rita Liao / TechCrunch:
Dianxiaomi, an e-commerce SaaS provider for SMBs in China, Southeast Asia, and Latin America, has raised a $110M Series D led by Vision Fund 2 and Sequoia China — Thanks to cross-border e-commerce platforms, …
Antoine Gara / Financial Times:
Filing: Elliott Management sold all of its 10M shares in Twitter in Q2 amid Musk’s takeover bid; the hedge fund had no common stock in Twitter as of June 30 — Activist investor held 10mn shares as the…
Mark Gurman / Bloomberg:
Sources: Apple sets a return-to-office deadline of September 5, for Tuesdays, Thursdays, and a regular third day that will be determined by individual teams — Apple Inc. has set a Sept. 5 deadline for corpor…
Bloomberg:
A judge orders Twitter to give Elon Musk documents from a former Twitter executive Musk said was a key witness but denies Musk’s similar request for 21 others — Twitter Inc. was ordered to hand over files from its former …
Reuters:
Walmart partners with Paramount to include the $4.99/month ad-supported tier of the Paramount+ streaming service as part of its Walmart+ subscription — U.S. retailer Walmart Inc (WMT.N) on Monday struck a deal with Paramoun…