Sen. Amy Klobuchar called on the Trump administration to scrutinize the potential merger of Uber and Grubhub and Facebook’s proposed acquisition of Giphy, Politico reported. Klobuchar called Uber’s proposed purchase of Grubhub “a pandemic-driven” deal designed to take out a big competitor. The highest-ranking Democrat on the Senate’s antitrust committee made the comment in a tweet this morning...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
TikTok CEO To Testify Before Congress
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Biden Administration May Fully Cut Off Huawei From U.S. Suppliers
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.