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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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
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