Google memo to employees on Roe v. Wade overturn

Google CEO Sundar Pichai speaks at a panel at the CEO Summit of the Americas hosted by the U.S. Chamber of Commerce on June 09, 2022 in Los Angeles, California. Anna Moneymaker | Getty Images Google sent a companywide email Friday about the historic Supreme Court ruling overturning Roe v. Wade, explaining employees in affected … Read more

TikTok owner ByteDance sees $1 billion in player spend on its games

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more

Burning Cash, Ultrafast Grocery Delivery Ramps Up in India

(Bloomberg Businessweek) — A new TV commercial in India features white-clad mourners grieving at the funeral rites of a departed loved one. The object of their grief is a refrigerator. “”—or “What use is a refrigerator?”—ask matching full-page ads for the campaign touting instant grocery brand Dunzo, which offers delivery of fresh items in minutes. … Read more

Amazon CEO acknowledges loss of Black leaders in internal memo

Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy acknowledged losing two top Black executives, who led warehouses and transportation, in a company email Tuesday night. Jassy’s email sung the executives’ praises, adding that he’s “truly sorry to … Read more

Zilingo’s Board to Weigh Options Including Liquidation or Buyout

The board members met on Monday to hear the alternatives, including a presentation from adviser Deloitte LLP to sell off the company’s assets, according to people familiar with the matter. Co-founder Dhruv Kapoor briefly made the pitch for a buyout, a surprise, last-minute development, said the people, asking not to be identified because the discussions … Read more

Bitcoin sinks below $20,000 as crypto meltdown intensifies

Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below the $20,000 mark on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell 9% in 24 hours to $19,217.81, according to Coin Metrics data. … Read more

Amazon Builds Property Empire, Quietly Buying Land Across the US

(Bloomberg) — The 193 acres just outside Round Rock, Texas, were coveted by some of the biggest developers in the US. Located a few miles north of the booming city of Austin, the raw parcel could be used for virtually anything given the state’s lenient land-use laws. So when the prominent Robinson family put the … Read more

Sheryl Sandberg’s Legacy Is an Internet of Targeted, Automated Ads

(Bloomberg Businessweek) — When she announced her resignation as chief operating officer of Meta Platforms Inc. on June 1, Sheryl Sandberg posted an essay celebrating her long partnership with Facebook co-founder Mark Zuckerberg and recounting her achievements there since 2008. She brought up , of course, and the company’s 3 billion users, but barely alluded … Read more

Wickr, Amazon’s encrypted chat app has a child sex abuse problem

Pavlo Gonchar | Lightrocket | Getty Images Wickr Me, an encrypted messaging app owned by Amazon Web Services, has become a go-to destination for people to exchange images of child sexual abuse, according to court documents, online communities, law enforcement and anti-exploitation activists. It’s not the only tech platform that needs to crack down on … Read more

Apple’s latest fintech move has buy now, pay later industry on edge

Apple Pay Later will let users pay for things over four equal installments. Jakub Porzycki | Nurphoto | Getty Images AMSTERDAM — Apple’s move into the crowded “buy now, pay later” space has raised the stakes for the fintech companies that pioneered the trend. The iPhone maker announced plans to launch its own “pay later” … Read more