China’s market regulator has slapped Meituan, the country’s biggest food delivery and on-demand services app, with an anti-monopoly fine of more than $500 million. The penalty for Meituan is part of the Chinese government’s broader regulatory crackdown on the country’s biggest internet companies such as Alibaba, Tencent and Didi. The size of Meituan’s fine is smaller than the regulator’s...
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The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
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Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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