China’s market regulator plans to impose a roughly $1 billion anti-monopoly fine on the country’s largest food delivery and on-demand services app Meituan, the Wall Street Journal reported. The State Administration for Market Regulation is alleging that Meituan abused its dominant market position and pressured merchants to avoid working with other platforms that compete with Meituan, according...
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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...
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