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FTC Approves Roughly $5 Billion Facebook Settlement
The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook Inc. over a long-running probe into the tech giant’s privacy missteps, according to people familiar with the matter. The 3-2 vote by FTC commissioners broke along party lines, with the Republican majority lining up to support the pact while …
Walmart’s e-commerce business on track to lose over $1 billion
Marc Lore, head of Walmart’s U.S. e-commerce business, and Doug McMillon, CEO of Walmart. Getty Images Walmart’s attempt to catch up with Amazon comes at a huge cost — and it’s stirring up hard feelings within the company. While Walmart has been making investments — like buying Jet.com for $3.3 billion — to try to …
Assistive technologies will be a $26 billion dollar market, and investors are only now addressing it – TechCrunch
Rohan Silva is obsessed with social mobility and why certain groups are so under-represented in the technology industry. He co-founded Second Home, a coworking space looking to bring together disparate civic-minded, cultural, creative and commercial entrepreneurs at sites in Lisbon, London and (now) Los Angeles, and he has spent years examining how gender, race and class …
AbbVie Strikes Deal to Buy Allergan for About $63 Billion
Botox maker Allergan has a market capitalization of $42.47 billion, based on Monday’s close, according to FactSet. Photo: Richard Drew/Associated Press Updated June 25, 2019 7:04 am ET AbbVie Inc. ABBV -0.42% has reached a deal to buy Allergan AGN -0.95% PLC for about $63 billion, as two big drugmakers bet a combination will deliver …
Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources
The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in the world, is the centerpiece of the $550 million Linq project, a retail, dining and entertainment district by Caesars Entertainment Corp, in seen in Las Vegas, Nevada April 9, 2014. REUTERS/Las Vegas Sun/Steve Marcus/File Photo NEW YORK (Reuters) – U.S. casino operator Eldorado …
Pet supplies retailer Chewy raises $1 billion in IPO
Shares of Chewy, which was bought by retailer PetSmart in 2017 for nearly $3.4 billion, soared nearly 80% to about $39 in early trading Friday. The company was valued at more than $15 billion following the stock sale. Chewy priced its initial public offering Thursday at $22 a share. That was above the expected range. …
