Media Giant Walmart’s New Descriptor: From Online To Offline by Laurie Sullivan , Staff Writer @lauriesullivan, February 20, 2024 Walmart became a media giant on Tuesday when it officially announced the acquisition of television manufacturer Vizio — not a surprising move given the company’s insatiable appetite for technology, content and advertising. The company has always been … Continue reading Media Giant Walmart’s New Descriptor: From Online To Offline
By Associated Press January 26, 2024 NEW YORK (AP) — Denim giant Levi Strauss & Co. said Thursday that it’s slashing its global corporate workforce by 10% to 15% in the first half of the year as part of a two-year restructuring plan that seeks to cut costs and simplify its operations. The company employed … Continue reading Levi’s layoffs: The jeans giant is cutting its global workforce by up to 15%
The goal of the deal appears to be a single entity that can provide first-party data at scale. Mike Pastore on January 17, 2024 The proposed combination of London-based media and data company Informa PLC’s Informa Tech and Massachusetts-based TechTarget would create a B2B data giant. The deal, announced Wednesday, is subject to approval by … Continue reading Informa Tech/TechTarget merger would create a B2B data giant
Chinese e-commerce giant JD.com wins landmark antimonopoly lawsuit against Alibaba Maxwell William / Last Updated: Dec 29, 2023 Chinese online retailer JD.com has won its lawsuit against its rival Alibaba, according to Reuters, resulting in a substantial fine of 1 billion yuan ($ 140.68 million) imposed on Alibaba for monopolistic practices. The High People’s … Continue reading Chinese e-commerce giant JD.com wins landmark antimonopoly lawsuit against Alibaba
Leading U.S. marketing company Cox Media Group has reportedly been pitching the “futuristic” service to brands on platforms like LinkedIn. Nicola Agius on December 19, 2023 Leading U.S. marketing company Cox Media Group (CMG) has reportedly admitted to monitoring conversations for targeted advertising. Working with renowned brands like CBS, Fox News and ESPN, CMG has … Continue reading Marketing giant ‘admits it listens to your conversations to sell targeted ads’
TikTok in $1.5bn investment with Indonesia tech giant GoTo Ali Rees / Last Updated: Dec 11, 2023 TikTok owner ByteDance is set to resume business in Indonesia by taking a majority 75.01% stake in Tokopedia with a promised $ 1.5bn investment. Indonesian tech company GoTo will maintain a 24.99% minority stake in Tokopedia, reports … Continue reading TikTok in $1.5bn investment with Indonesia tech giant GoTo
Audio giant Rode acquires rival Mackie to expand its focus on creators Both companies were major players in the home recording boom of the 1990s and early 2000s. Lawrence Bonk Tue, Dec 5, 2023 Freedman Group Audio device leader Rode just acquired rival company Mackie, creating something of a pro audio and streaming powerhouse. … Continue reading Audio giant Rode acquires rival Mackie to expand its focus on creators
By Christopher Zara November 20, 2023 Layoffs are underway this week at Citigroup as part of a companywide restructuring and simplification plan that was announced by CEO Jane Fraser in September. In a memo to employees on Monday, Fraser said the financial giant’s executive management team has been working with company leaders to implement … Continue reading Citigroup layoffs loom as the financial giant makes some of its most drastic changes in years
By Chris Stokel-Walker November 20, 2023 One of the most tumultuous four-day spans in Silicon Valley history has finally concluded (for now at least), and in the end we’re left with massive changes at both OpenAI and Microsoft—and massive ramifications for the wider world of artificial intelligence. Sam Altman, the OpenAI CEO summarily fired … Continue reading New OpenAI CEO Emmett Shear’s time at Twitch gives clues to the future of the AI giant
By Associated Press July 07, 2023 Chinese regulators are fining Ant Group 7.123 billion yuan ($985 million), claiming the financial technology provider violated laws related to corporate governance and consumer rights. The People’s Bank of China imposed the fine on Friday. “We will comply with the terms of the penalty in all earnestness and … Continue reading Ant Group, Jack Ma-founded fintech giant, gets fined almost $1 billion by China regulators
