Grubhub’s new partnership with Russia-backed instant-delivery startup Buyk is on hold, a spokesperson told The Information. The meal-delivery company, a unit of Amsterdam-based Just Eat Takeaway, had just announced in late February that it was teaming up with Buyk to deliver groceries to customers in 15 minutes or less, starting with locations in New York and Chicago. But now Buyk is...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
Meta Platforms’ Revenue and Profit Fall in Q4
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
Judge Tells Sam Bankman-Fried to Stop Texting Former FTX Colleagues
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