Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Yahoo Answers is not what most people would call a good source of information. On Monday morning, the top questions on its homepage, as decided by its users, included whether the Democratic Party would eventually initiate some kind of genocide, whether Prince Harry and Meghan Markle were really in love, why small dogs were “the…
ImageFacebook, under its chief executive, Mark Zuckerberg, is making changes to deal with antitrust scrutiny.CreditCreditTom Brenner/The New York Times SAN FRANCISCO — Senator Elizabeth Warren has called for the breakup of big tech companies like Facebook. Regulators have opened investigations into Facebook’s power in social networking. Even one of Facebook’s own founders has laid…
With its annual Salesforce Connections conference right around the corner, the industry’s leading CRM outfit Salesforce decided to give attendees something to talk about. Last week, the company forked out $15.7 billion to acquire data-visualization company Tableau in a move that comes on the heels of similar mergers in the cloud computing space. The marketing…
Alden Global Capital, the most reviled newspaper owner in the business, now wants to buy Gannett, the United States’ largest daily newspaper company. As reported Sunday evening by The Wall Street Journal — and then confirmed via early Monday morning press release — Alden, through its Digital First Media/MNG Enterprise ownership, has offered a 23…
What stopped the almost-done McClatchy purchase of Tribune Publishing? Two familiar words: Michael Ferro. Tribune and McClatchy offer competing narratives of what derailed the deal, which had been expected to be announced as early as next Monday. Instead, the Tribune board gave it a thumbs down Thursday afternoon. Was it the threat of an antitrust…
A hedge-fund-backed media group known for buying up struggling local papers and cutting costs is planning to make an offer for USA Today publisher Gannett Co. GCI 0.52% , according to people familiar with the matter. MNG Enterprises Inc., one of the largest newspaper chains in the country, has quietly built a 7.5% position…
Photo: Getty Mic, the millennial-focused digital news site, laid off most of its editorial staff on Thursday morning as the company’s top brass works to finalize a sale to Bustle Digital Group, Recode first reported. According to the site, the company’s CEO, Chris Altchek, announced the mass layoffs at a staff meeting this morning. Altchek…
Photo: Getty Brick and mortar retail had a really bad year, with thousands of major chains shutting down stores. But Amazon, the company that many people blame for the retail apocalypse has been more eager than ever to build up its retail presence. As the world nervously awaits Jeff Bezos next big move, a prominent…
Amazon.com Inc. AMZN -0.05% has struck again. Only this time the internet giant is shaking up an industry it hasn’t yet entered. Amazon’s potential entry into the pharmacy-services industry helped spur CVS HealthCorp.’s CVS -2.94% $66 billion bid for insurance giant Aetna Inc., AET 11.54% according to a person familiar with the matter. An acquisition of a major insurer was among roughly a dozen strategies CVS’s management team…
US retail giant Walmart said on Friday that it was buying digital-focused men’s apparel retailer Bonobos for $310m in cash, as it looks to expand and enhance its ecommerce presence amid fierce competition from the likes of Amazon. Andy Dunn, chief executive and founder of 10-year old Bonobos, will oversee the company’s digitally native vertical…