Updated Jan. 16, 2024 7:06 pm ET The U.S. Supreme Court has turned down Apple’s attempt to appeal a decision in an antitrust case over its App Store, a rejection that could create new options for companies such as Netflix and Spotify to sign up customers. Apple and “Fortnite” developer Epic Games last year separately…
Jan. 16, 2024 11:01 am ET Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept its final orders in March. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link
Thomson Reuters said it has bought a majority stake in the Pagero Grouptaking it closer toward full control of the latter. Apart from the key shareholders, including Summa Equity, Pagero’s chief executive Bengt Nilsson, several members of the management team and employees, have sold their stock to the company, Thomson Reuters said Monday. Copyright ©2024…
Jan. 14, 2024 10:34 pm ET The NFL playoff game between the Kansas City Chiefs and Miami Dolphins made history—and not just because it was so cold that one head coach’s mustache formed icicles. The Wild Card game, which aired on the streaming service Peacock, was the most streamed U.S. event ever, drawing 23 million…
Updated Jan. 12, 2024 2:03 pm ET Listen to article (1 minute) Some companies are kicking off the new year by trimming staff as a steady labor market shows signs of cooling off. The labor market flashed some warning signs at the end of last year. Hiring has slowed in recent months. Open positions also…
The initial public offering of fashion giant Shein could be one of biggest in years—if the company successfully navigates a minefield of U.S.-China tensions. China-founded Shein, now based in Singapore, has quickly become one of the world’s largest fast-fashion retailers, valued at around $66 billion in its most recent fundraising round last year. Copyright ©2024…
Updated Jan. 9, 2024 7:09 pm ET X Corp. announced three new shows, including with former CNN host Don Lemon and former Hawaii congresswoman Tulsi Gabbardas the social-media platform seeks to draw more eyeballs and move attention away from controversies over owner Elon Musk’s own posts. The platform also said Tuesday that it will host…
Listen to article (2 minutes) Parents have long been frustrated by internet platforms that treat teen accounts much the same as adult accounts. Data-collection laws protecting children under 13 don’t extend to older minors. Social media’s biggest operator is addressing this with a shift in content filtering. Meta Platforms plans to automatically restrict teen Instagram…
Updated Jan. 8, 2024 9:37 pm ET Elliott Investment Management has built a big stake in Match Group and plans to push the online dating company to take steps to boost its languishing stock. The activist has built a position of roughly $1 billion in Match, the parent company of Tinder, Hinge and other dating…
Elon Musk reacted to a Wall Street Journal article detailing how leaders at Tesla and SpaceX are worried that his drug use could harm his companies. He weighed in with a flurry of social-media posts in recent days on his platform X, mentioning he didn’t fail drug tests. He also criticized the Journal and referenced…
