Media top headlines October 13 In media news today, Nancy Pelosi tells reporters they ‘could do a better job selling’ Build Back Better, Maxine Waters tweets about being hacked, and
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Amazon settles with influencers who allegedly peddled counterfeits on Instagram and TikTok
Amazon on Thursday said it reached a settlement with two social media influencers it sued last November for allegedly engaging in a scheme to sell counterfeits. The two influencers allegedly
Continue reading »California Senate passes landmark bill taking aim at Amazon's labor practices
California lawmakers late Wednesday passed a landmark bill aimed at curbing Amazon's use of productivity quotas in warehouses. The bill would require employers to disclose productivity quotas to employees and
Continue reading »Amazon gives consumers easier way to file complaints for faulty goods from third-party sellers
Amazon is updating its returns policy to include a provision that makes it easier for consumers to file complaints about defective products sold by third-party merchants. The company has long
Continue reading »Rivian raises $2.5 billion in new funding round led by Amazon, Ford
Rivian said Friday it closed a $2.5 billion funding round, led by existing investors Amazon, Ford and T. Rowe Price. The electric vehicle start-up said it has raised about $10.5
Continue reading »India's digital payments start-up Paytm files for a $2.2 billion IPO
Paytm is planning to raise up to 166 billion rupees ($2.22 billion) in an initial public offering, according to draft papers submitted to the country's market regulator on Friday Paytm
Continue reading »Microsoft closes above $2 trillion market cap for the first time
Shares of Microsoft stock during Satya Nadella's tenure are up 600%. The company has popularized its Azure cloud and Teams communication app, as well as acquired assets such as LinkedIn
Continue reading »Internet mocks McDonald's new meatless burger
New York (CNN Business)Wendy’s is testing a new plant-based burger — but it doesn’t use a meat alternative. Beginning June 28, the fast food chain is selling a new “Spicy
Continue reading »UK-based fintech firm Wise launches service that lets Indian users send money abroad
Financial technology firm Wise said Tuesday that users in India would now be able to send money abroad to 44 countries around the world. That includes places like Singapore, the
Continue reading »Internet trailblazers Yahoo and AOL sold, again, for $6.5 billion
AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management
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