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Documents and sources: the FTC plans to file a far-reaching case focused on Amazon's core marketplace in the coming weeks after months of honing the complaint (Bloomberg) 29-06-2023

Bloomberg: Documents and sources: the FTC plans to file a far-reaching case focused on Amazon’s core marketplace in the coming weeks after months of honing the complaint  —  Lina Khan’s Federal Trade Commission has already filed three cases against Amazon.com Inc. Now she’s gearing up for the Big One. Lees verder op Tech Meme

Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233.7M in cash and ~$50.7M in debt (John Biju/Reuters) 29-06-2023

John Biju / Reuters: Chinese food delivery giant Meituan plans to acquire AI startup Light Year from Meituan co-founder Wang Huiwen for ~$233.7M in cash and ~$50.7M in debt  —  Chinese food delivery giant Meituan (3690.HK) said on Thursday that it is acquiring artificial intelligence (AI) company Light Year … Lees verder op Tech Meme

Activists and researchers file a GDPR complaint against Pornhub in Italy, claiming the company is “illegally” handling user data; the process may take years (Matt Burgess/Wired) 29-06-2023

Matt Burgess / Wired: Activists and researchers file a GDPR complaint against Pornhub in Italy, claiming the company is “illegally” handling user data; the process may take years  —  Complaints filed in the European Union claim the porn site fails to follow basic data-collection policies under GDPR. Lees verder op Tech Meme

Sources: Tiger Global rejected hundreds of bids for its private assets in recent months; as of January 1, the firm managed $51B, including $37B via its VC unit (Hema Parmar/Bloomberg) 29-06-2023

Hema Parmar / Bloomberg: Sources: Tiger Global rejected hundreds of bids for its private assets in recent months; as of January 1, the firm managed $51B, including $37B via its VC unit  —  Tiger Global Management turned down hundreds of bids for its private assets in recent months because it felt the offers were too low … Lees verder op Tech Meme