Amazon will acquire the concierge medicine practice One Medical in an all-cash deal valued at $3.9 billion. The move is reminiscent of the e-commerce giant’s 2017 acquisition of Whole Foods, which helped Amazon rapidly scale up in a new market by acquiring a large brick-and-mortar presence in areas where it already had a sizable customer base. Amazon recently reorganized its health care...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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