July 06, 2023
EC Opens Investigation of Amazon’s Planned Acquisition of iRobot
The European Commission (EC) has opened an in-depth investigation into Amazon’s proposed acquisition of iRobot. The commission has identified initial competition concerns and will now investigate them in greater depth, the EC said in a Thursday...
July 06, 2023
Amazon Looks to Top Last Year’s Prime Day Grocery Gains
As Amazon looks to drive adoption of its grocery offerings, the eCommerce giant is heeding the learnings from last year’s Prime Day’s growth in the category, doubling down on food...
July 06, 2023
EU Sends Amazon’s $1.65 Billion Bid To Buy iRobot For...
The European Commission, the EU’s antitrust watchdog, confirmed on Thursday its investigation into Amazon’s $1.7 billion proposed acquisition of robot vacuum cleaner maker iRobot. The Commission has opened a full-scale...
July 06, 2023
Google Accuses India’s Competition Commission of Protecting Amazon
Google, a tech giant, has accused India’s Competition Commission of India (CCI) of protecting Amazon after it ordered the tech giant to make changes to its business model. The company...
July 05, 2023
Report: BuzzFeed Looking to Sell Complex Networks Websites for $150...
BuzzFeed is reportedly looking to sell Complex Networks for 50 cents on the dollar. The digital media organization purchased the group of websites for $300 million two years ago and...
July 05, 2023
ChatGPT’s Success Hits a Speed Bump With Decreasing Traffic
It was only a few months ago in November that OpenAI released their ground-breaking ChatGPT chatbot, and since then the chatbot has enjoyed unprecedented success with more than 100 million...
July 05, 2023
Instacart GM Says Online Complexity Complicates Grocers’ Efforts to Build...
As Instacart steps up its digital capabilities, it becomes increasingly difficult for grocers — especially smaller players — to build competitive in-house eCommerce systems. In an interview with PYMNTS following the announcement...
July 05, 2023
Meta’s Threads App Launch Postponed in EU Amid Data Privacy...
Meta’s Twitter rival, Threads, which is due to release worldwide on Thursday (July 6), will not be offered in the European Union. Per a preview image of the app displayed in Apple’s...
July 05, 2023
Jenny Craig to Get New Life as eCommerce Brand
Bankrupt weight-loss company Jenny Craig is getting a new lease on life. As CNBC reported Wednesday (July 5), rival weight-loss meal firm Wellful has purchased Jenny Craig’s assets and will revive it as an eCommerce company....
