Sources: Temu and Shein have supplanted Walmart and Target as focal points in internal Amazon meetings related to retail, as Amazon explores new promo campaigns
from Amazon to Walmart to Wawa Lionel Lim / Fortune : Temu-owner PDD spooked China's e-commerce giants last year with its low prices. Now the upstart has almost doubled its annual profits X: Sebastian...
Sources: UK chip designer Graphcore explores a sale to foreign owners in a deal that could be worth $500M+; rumored buyers include OpenAI, SoftBank, and Arm
Report Andrew Davis / Bloomberg : UK's Graphcore Mulls Sale to Foreign Buyer, Telegraph Says Nausheen Thusoo / CoinGape : AI Pioneer Graphcore Mulls a Potential Foreign Sale After Struggling to be Pro...
Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit
Swedish company announces six acquisitions and posts a rise in first-quarter sales and profits
Filing: Elon Musk has secured $46.5B to acquire Twitter, including $25.5B in debt financing via Morgan Stanley and other firms, and is exploring a tender offer
now what? Matt Levine / Bloomberg : Elon Got His Money Kyle Chayka / New Yorker : Why Would Elon Musk Want to Buy Twitter? New York Post : Elon Musk in talks to partner on Twitter bid with buyout firm...
News Corp has shut down its news aggregation service Knewz after just 18 months of operation, citing lack of profits
the Quibi of news aggregation https://twitter.com/... Maya Kosoff / @mekosoff : oh kno https://twitter.com/... https://twitter.com/... Chris Mohney / @chrismohney : literally and actually had not even...
News Corp has shut down its news aggregation service Knewz after just 18 months of operation, citing lack of profits
News Corp shuttered its the aggregation site Knewz on Friday, just 18 months after its launch. Users who navigated to the site found an announcement declaring, “Knewz is no more.”
Tim Berners-Lee sells an NFT for $5.4M that represents time-stamped files of the source code for the world wide web and other items, via a Sotheby's auction
but contains errors (lol) New York Times : The World Wide Web sells for $5.4 million. Kate Knibbs / Wired : The Code That Built the Web Is Now a $5 Million NFT Kimberly Chin / Wall Street Journal : In...
2U, which provides degree programs for top US universities, acquires edX, a nonprofit hosting 3K courses led by 15,000 instructors, for $800M in cash
2U, a SaaS platform that helps non-profits and colleges run online universities, plans to acquire all the assets of Harvard and MIT-founded edX … Tweets: @nmasc_ . Thanks: @nmasc_ Tweets: Natasha / @n...
Intel is in more danger than its profits suggest and should spin off its manufacturing business unless the US can subsidize it, ideally with purchase guarantees
Ben Thompson / Stratechery :
Alibaba closes the acquisition of 33% of Jack Ma's Ant Financial; Ant will now stop paying 37.5% of its pre-tax profits to Alibaba
- E-commerce giant now has 33% interest in the fintech giant — Ant will no longer pay 37.5% of its pre-tax profit to Alibaba