Amazon’s takeover of MGM Studios will be reviewed by the Federal Trade Commission, according to a report in the Wall Street Journal. As tech critic Lina Khan just took over as FTC chair, this could spell trouble for the deal. Khan could push to aggressively review the acquisition as part of the agency’s broader Amazon probe. The FTC’s involvement signals at least a lengthy merger review. The...
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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
Twitch’s Creators Chief Departs Amid Payout Cutbacks
Amazon Informs Employees It Miscalculated Raises
Google CEO Addresses Employee Questions about Cost-Cutting
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