Internet
SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push
TravelPerk CEO and co-founder Avi Meir. TravelPerk TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC. The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation. […]
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Whole Foods workers in Philadelphia vote to form Amazon-owned grocery store’s first union
An Amazon Prime delivery van sits parked outside of a Whole Foods Market grocery store on August 26, 2024 in El Segundo, California. Patrick T. Fallon | Afp | Getty Images Whole Foods employees at a Philadelphia store voted to form a union Monday night, marking the first successful organizing campaign at the Amazon-owned upscale […]
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Amazon taps Whole Foods CEO to oversee grocery business
Whole Foods Market CEO Jason Buechel speaks onstage during the 2023 Concordia Annual Summit. Leigh Vogel | Getty Images Entertainment | Getty Images Amazon has tapped Whole Foods CEO Jason Buechel to oversee its sprawling grocery business, the company announced Monday. Doug Herrington, the company’s worldwide retail chief, wrote in a memo to employees posted […]
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After TikTok, the WiFi router in your home may be next Chinese tech ban target
The logo of TP-Link appears on the products of router manufacturer TP-Link in Fuyang, China, on December 19, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images While the TikTok ban has lawmakers scurrying and chatter about Chinese influence over U.S. tech at a fever pitch, another danger is lurking. One […]
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Alphabet shares close above $200 value for first time
Sundar Pichai, chief executive officer of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company’s opportunities in artificial intelligence. The stock gained 1.1% on Friday and a little over 2% for the week to […]
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Meta to begin testing ads on Threads, its micro-blogging app
Thilina Kaluthotage | Nurphoto | Getty Images Meta will begin testing ads on its Threads microblogging service with a few companies in the U.S. and Japan, the company said in a blog post Friday. The experiment marks Meta’s first run at generating revenue from Threads. Meta launched the app in July 2023 to rival X, […]
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Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure in 2025 as it continues […]
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Google restores Joe Biden to ‘U.S. presidents’ search results, blames ‘data error’ for omission
David Gray | Bloomberg | Getty Images Google on Thursday blamed a “data error” after users reported that former President Joe Biden was missing from the company’s search results. Users on Wednesday noticed that results for search queries that included “US Presidents,” “United States Presidents” and “US Presidents in order” did not include Biden, who […]
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From Musk to Nadella: Trump’s $500 billion AI project stirs drama among the biggest names in tech
L-R: Satya Nadella, CEO of Microsoft, Marc Benioff, Chairman and CEO of Salesforce, and Elon Musk, CEO of Tesla and SpaceX. Reuters Some of the biggest names in technology have clashed after President Donald Trump unveiled his $500 billion private AI investment project. Earlier this week, Trump announced a joint venture with OpenAI, Oracle and Softbank to invest billions […]
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Apple and Google’s massive mobile empires face dual UK antitrust probes
Omar Marques | Lightrocket | Getty Images LONDON — Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both […]
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