Bezos ‘can’t guarantee’ no anti-competitive activity as Congress catches him flat-footed

At today’s House Judiciary Committee hearing, Amazon CEO Jeff Bezos bungled attempts to assuage concerns that the company poaches ideas from its competitors, taking sustained fire from Rep. Pramila Jayapal…

Continue ReadingBezos ‘can’t guarantee’ no anti-competitive activity as Congress catches him flat-footed

LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail…

Continue ReadingLA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

Before buying Instagram, Zuckerberg warned employees of ‘battle’ to ‘dislodge’ competitor

In one of the first substantive moments at Wednesday’s major tech hearing, Facebook’s 2012 acquisition of Instagram came under fire, unearthing a few new revelations about the company’s internal thinking…

Continue ReadingBefore buying Instagram, Zuckerberg warned employees of ‘battle’ to ‘dislodge’ competitor