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Posted on August 16, 2022

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 (Dave Lee/Financial Times)

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…

Posted on August 16, 2022

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 (Ian King/Bloomberg)

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…

Posted on August 16, 2022

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 (Sarah Krouse/Wall Street Journal)

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…

Posted on August 15, 2022

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 (Mark Gurman/Bloomberg)

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…

Posted on August 15, 2022

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 (John D. McKinnon/Wall Street Journal)

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…

Posted on August 15, 2022

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 (Rita Liao/TechCrunch)

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, …

Posted on August 15, 2022

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 (Antoine Gara/Financial Times)

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…

Posted on August 15, 2022

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 (Mark Gurman/Bloomberg)

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…

Posted on August 15, 2022

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 (Bloomberg)

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 …

Posted on August 15, 2022

Walmart partners with Paramount to include the $4.99/month ad-supported tier of the Paramount+ streaming service as part of its Walmart+ subscription (Reuters)

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…

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Recent Posts

  • 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 (Dave Lee/Financial Times)
  • 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 (Ian King/Bloomberg)
  • 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 (Sarah Krouse/Wall Street Journal)

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