Sources: DOJ cleared its antitrust chief Jonathan Kanter to oversee probes involving Google; Google had sought his recusal, citing his work with Yelp and others
Assistant Attorney General Jonathan Kanter's involvement had been paused and the Alphabet unit sought his recusal
FTX's bankruptcy executives are seeking to recoup Sam Bankman-Fried's and FTX's charitable donations; FTX's Future Fund pledged $160M+ to over 110 nonprofits
Nonprofits struggle to decide how to handle money received from bankrupt crypto exchange — Sam Bankman-Fried and FTX doled out millions in charitable donations.
Amazon plans to lay off 18,000+ employees, more than its initial target of 10,000 in November 2022, with the “majority” coming from retail and recruiting
Cuts focused on the company's corporate staff exceed earlier projection — Amazon AMZN -0.79%decrease …
Amazon rolls out Inspire, a TikTok-like photo and video feed in its app that lets customers “like” and buy products, initially to select customers in the US
Sources: Twitter offers advertisers generous incentives, including matching $500K to $1M in spending in 2022, in a bid to jump start its faltering business
Advertisers booking at least $500,000 in incremental spending would be matched, up to a $1 million cap — Elon Musk Says Twitter Bankruptcy Is a Possibility.
Sources: $300M of FTX's $420M raise in October 2021 went to Sam Bankman-Fried in a share sale he said was partial reimbursement for buying out Binance's stake
Cryptocurrency-exchange founder told investors last year that the share sale was partial reimbursement of money he'd spent to buy out rival Binance's stake
How US struggles to enforce stock-trading laws, enabling federal officials to invest in Amazon, Apple, Meta, and others affected by their agencies' work
Wall Street Journal : Tweets: @forsythjenn , @chadsday , @crewcrew , @anthony , @jamesvgrimaldi , @bryfitz , @rebeccaballhaus , and @rebeccaballhaus Tweets: Jennifer Forsyth / @fo...
California's AG files an antitrust lawsuit against Amazon, focusing on the company allegedly penalizing sellers who list products at lower prices on other sites
inflating prices across the web isn't exactly customer-obsessed. https://twitter.com/... Stacy Mitchell / @stacyfmitchell : 8/8. Here's the filing itself. Lots of damning quotes an...
Sources: Elon Musk's lawyers asked the judge in the Twitter case to compel the company to hand over the names of employees who count spam and bot accounts
Elon Musk is accusing Twitter Inc. of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company …
Filings: Elon Musk sold ~7.9M Tesla shares, worth ~$7B, between August 5 and 9, Musk says to avoid “an emergency sale” if a judge forces his Twitter acquisition
Rebecca Elliott / Wall Street Journal :
Filings: Elon Musk sold around 7.9M Tesla shares, worth nearly $7B, between Friday and Tuesday, likely to preempt a judge forcing his Twitter acquisition
The billionaire suggested stock sales were aimed at avoiding a fire sale if forced to buy the social-media company
Sources: Google has proposed splitting parts of its ad-tech business into a separate entity under Alphabet, to head off a possible US antitrust lawsuit
Tech giant's offers stop short of the asset sales preferred by Justice Department antitrust enforcers
How advertisers are dealing with Meta's ad price increases prompted by Apple's ATT changes, with some shifting their ad budgets to Google, Amazon, and TikTok
and leaders above them signing off on it — has impacted everyone from Facebook and Shopify to small businesses and DTC brands. To the tune of hundreds of billions of dollars! Glenn...
Q&A with John Binns, a 21-year-old American living in Turkey, who claims responsibility for the recent T-Mobile hack and says its security is “awful”
revealing your full legal name and location—is an interesting strategy. https://www.wsj.com/... Daniel Lippman / @dlippman : “The young hacker said he did it to gain attention. ‘Ge...
Sources: while Trump was in office, the Trump Org negotiated a 40% stake in Parler in exchange for making it his main social network; the deal never finalized
Documents seen by BuzzFeed News show that Parler offered Trump 40% of the company if he posted exclusively to the platform.
Filing: California is seeking to join the DOJ's antitrust lawsuit against Google, making it the first Democratic state to request to join 11 GOP AGs in the suit
Lauren Feiner / CNBC :
Filing: California is seeking to join the DOJ's antitrust lawsuit against Google, making it the first Democratic state to request to join 11 GOP AGs in the suit
- California is seeking to join the Justice Department in its antitrust lawsuit against Google, according to a court filing the state submitted on Friday.
GroupM expects marketers to spend $110.1B on digital ads in the US this year, accounting for more than half of the year's total ad spend for the first time
Suzanne Vranica / Wall Street Journal :
Sources: General Atlantic and Sequoia Capital, two top investors in ByteDance, are key drivers in Oracle's bid for TikTok; Twitter's bid has made little headway
Investment firms with large existing stakes in ByteDance pursue deal for app's U.S. operations, as potential alternative to Microsoft
Microsoft should refuse Trump's TikTok payoff, as it would set a dangerous precedent for the seizure of foreign businesses through regulatory fiat
Paying the U.S. government a cut of TikTok's sale price would be a dangerous precedent that could blow up in corporate America's face