Internet
Amazon’s smart grocery carts are coming to some Whole Foods stores
Amazon said Monday it’s launching the Dash Cart at a Whole Foods store in Massachusetts. Amazon Amazon is expanding its smart shopping carts to a Whole Foods store in Massachusetts, the company said on Monday. Amazon will initially roll out Dash Carts at a Whole Foods in Westford, Massachusetts, northwest of Boston, in the coming […]
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Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” […]
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Twitter shares sink 7% in premarket trading after Elon Musk terminates $44 billion deal
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares sank sharply in early premarket trade Monday after Elon Musk said he is trying to terminate his $44 billion takeover of the company. Shares of […]
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Elon Musk faces long legal war with Twitter, which has the upper hand, as he abandons deal
Billionaire Elon Musk on Friday moved to back out of his $44 billion deal to buy Twitter, citing continued disagreements over the number of spam accounts on the platform. While Musk may want to end his bid for Twitter, it’s not as easy as just walking away, according to legal experts. Instead, Musk likely faces […]
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Elon Musk has been expressing buyer’s remorse over Twitter for months
Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Less than three months after agreeing to buy Twitter for $44 billion, Elon Musk says he wants out. It’s no surprise — Musk has been expressing buyer’s remorse since shortly after he announced the deal. Attorneys representing Musk sent a […]
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Meta nudges its big VR push another step away from the Facebook legacy
Mark Zuckerberg, chief executive officer of Facebook Inc., speaks during the virtual Facebook Connect event, where the company announced its rebranding as Meta, in New York, U.S., on Thursday, Oct. 28, 2021. Michael Nagle | Bloomberg | Getty Images Meta is introducing a new way for people to log in to virtual reality headsets without […]
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Top SoftBank exec steps back from role at Vision Fund as pressure mounts on investments
Rajeev Misra will step down from his role as CEO of SoftBank Global Advisors, which manages the Vision Fund 2. It comes as pressure mounts on SoftBank’s investment strategy amid a string of bad bets and a crash in technology stocks this year. Patrick T. Fallon | Bloomberg | Getty Images Rajeev Misra, who runs […]
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Video game sales set to fall for first time in years as industry braces for recession
The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract […]
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Amazon takes stake in Grubhub, adds food delivery perks to Prime
Food delivery workers on bicycles travel along a street in New York, U.S., on Tuesday, March 17, 2020. Debetrius Freeman | Bloomberg | Getty Images Amazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program a one-year membership to the […]
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Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection
Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset […]
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