Connected fitness company Peloton Interactive stumbled in its debut as a publicly traded company. Loved by its users and highly valued by venture investors, Peloton’s stock losses on its first day of trading put it in the company of a few other high-profile tech companies, including Uber and Lyft, that have received less-than-warm welcomes from public markets. Tech darlings Spotify and Slack,...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service
Amazon Fresh Hikes Grocery Delivery Fees
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