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Spencer Soper / Bloomberg:
Amazon launches Wag, its own brand of pet products, starting with dry dog food, only available to Prime subscribers   —  Amazon.com Inc. has started its own brand of pet products, called Wag, expanding on existing private-label efforts that include batteries, baby products, clothing and household goods.
May 2, 2018, 10:45 PMIn context
Bloomberg:
Sources: Amazon is offering to pass along discounts it gets on credit card fees to retailers if they use its payments service Amazon Pay   —  Move shows retailer is willing to sacrifice to grow Amazon Pay  —  It's another challenge to PayPal, big banks and card networks
May 2, 2018, 3:25 PMIn context
Bloomberg:
Sources: Google is building Arcade, a social-gaming startup led by 21yo ex-Facebook staffer Michael Sayman, which will release a trivia-style app this summer   —  - Michael Sayman, 21-year-old ex-Facebooker, said to be leading  — Company will focus on mobile gaming with friends, Google says
May 2, 2018, 2:30 PMIn context
Shelly Banjo / Bloomberg:
A look at the frenzy to hire young talent in the Chinese tech industry, where three-quarters of tech workers are younger than 30 and age discrimination is legal   —  Ou Jianxin said goodbye to his wife and two young children shortly after 9 a.m. on a cold day last December.
May 2, 2018, 9:50 AMIn context
Mark Gurman / Bloomberg:
Apple reports Q2 services revenue of $9.2B, up 31% YoY, and says that the App Store, Apple Music, iCloud storage, and Apple Pay all generated record sales   —  Revenue grows the most since 2015; sales of wearables jump  —  IPhone sales meet projections; Apple sees more revenue gains
May 1, 2018, 5:03 PMIn context
Selina Wang / Bloomberg:
Steve Ballmer says he sold his stake in Twitter because he no longer wants to be an investor; Ballmer bought a 4% stake in October 2015   —  Former Microsoft Corp. Chief Executive Officer Steve Ballmer said he sold his entire stake in Twitter Inc. because he no longer wants to focus on being an investor and the price was attractive.
May 1, 2018, 5:00 PMIn context
Bloomberg:
Filings: Jan Koum's remaining Facebook stock options were not due to fully vest until November, and he may be forfeiting up to $1B if he leaves before May 15   —  WhatsApp co-founder still has amassed a $10.4 billion fortune  —  He's said to have clashed with other executives over strategy
May 1, 2018, 10:55 AMIn context
Bloomberg:
Private equity firm Permira is buying Cisco's video software business, known as the NDS Group, sources say for ~$1B; Cisco had bought it from Permira for $5B   —  Cisco bought NDS Group from Permira in 2012 for $5 billion  —  Cisco is shifting away from tech such as satellite boxes
May 1, 2018, 9:25 AMIn context
Selina Wang / Bloomberg:
Ex-SoFi CEO Mike Cagney, who resigned after harassment allegations, raises $50M for Figure, which plans to use blockchain tech in approving home-equity loans   —  Cagney has raised $50 million and lined up two global banks  —  The blockchain will help expedite loan approvals in minutes
Apr 30, 2018, 3:30 PMIn context
Bloomberg:
T-Mobile to buy Sprint for ~$26B in stock; John Legere to run combined company that retains T-Mobile name; Deutsche Telekom to get a 42% stake, SoftBank 27%   —  T-Mobile US Inc. and Sprint Corp. agreed to combine in a $26.5 billion merger, creating a wireless giant to compete against industry leaders …
Apr 29, 2018, 12:57 PMIn context

Sponsor Posts

Microsoft:
Making gaming accessible to all  —  Read the story behind the new Xbox Adaptive Controller, which will make gaming accessible to people with a broad range of disabilities.
eero:
CNET: eero Labs introduces a new innovation playground for networks.  —  eero is introducing eero Labs to give its customers a chance to try out new features on its mesh Wi-Fi system before they go mainstream.
IBM:
Multi-platinum music producer collaborates with AI and APIs  —  See how IBM partnered with Spotify to help Alex da Kid find the perfect match for his upcoming single.
Zoho:
How to connect in 60 seconds...  The best sales professionals are always looking for the slightest advantage to help them connect with more clients and close more deals.  —  They focus on small things …
CB Insights:
How Google Plans To Use AI To Reinvent The $3 Trillion US Healthcare Industry  —  In this report we explore Google's many healthcare initiatives and areas of potential future expansion.