Amazon on Tuesday announced it had completed its first-ever purchase of eleven Boeing 767-300 aircraft, a major milestone in the e-commerce company’s journey to own the transportation of its goods from end-to-end. It bought seven planes from Delta and four from WestJet, it said in a press release. The announcement marks a turning point in Amazon’s approach to middle-mile logistics, the...
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What Went Wrong at Wyre, the Crypto Payments Startup That Went From $1.5 Billion Deal to Last-Ditch Rescue
In early May, crypto startup Wyre rented out three houses in Arizona for an offsite for its product and engineering teams. Executives arranged a tour of the Grand Canyon nearby and rented all-terrain vehicles to ride around the area, one person who attended told The Information. There was good reason to celebrate: Weeks before, checkout startup Bolt announced it had inked a deal to buy Wyre for...
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