FedEx said it won’t renew its ground delivery contract with Amazon when it expires at the end of the month, cutting another tie to the Seattle-based e-commerce giant. The move follows FedEx’s decision in June to stop air deliveries for Amazon and isn’t a surprise. Amazon has built out its own shipping network and become a direct competitor to FedEx. There’s no reason FedEx should be expected to...
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Where Social Media’s GameStop Surge Could Lead: The Information’s Tech Briefing
There’s no doubt the current stock market hysteria over GameStop and the like will come to a bloody end. The real question is whether the craziness, fueled by social media sites like Reddit and Discord and stock trading app Robinhood, leads those companies to clamp down on stock debate or trading. Media post-mortems are sure to blame those companies—which reportedly also include...
Ant Group Plans Major Revamp Amid Beijing’s Pressure
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Apple Sees Revenue Boom From iPhone, China Sales
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