BizToc
📰 BizToc.com Hourly News Flash

1) Thrasio’s Debt Dilemma —

E-commerce giant Thrasio, once a top Amazon brand aggregator, files for bankruptcy seeking debt relief. #ThrasioBankruptcy
tweet

BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
tweet

BizToc
4) Non-Dom Tax Rules Under UK Scrutiny —

UK Chancellor Jeremy Hunt considers major reforms to non-domiciled taxpayer rules, potentially altering tax landscape for international residents. #UKTaxReform
tweet

BizToc
3) Google in $2.3B Media Legal Battle —

Axel Springer leads media groups in a massive $2.3 billion lawsuit against Google over alleged digital advertising losses. #GoogleLawsuit
tweet

BizToc
2) Thyssenkrupp Hit by Cyberattack —

Thyssenkrupp's automotive subsidiary disrupted by a targeted cyberattack, raising questions about cybersecurity in the sector. #ThyssenkruppCyberattack
tweet

BizToc
📰 BizToc.com Hourly News Flash

1) Apple Shifts Gears from EV to AI —

Apple abandons electric vehicle project, focusing resources on artificial intelligence innovations as predicted by UBS. #AppleAI
tweet

BizToc
👉🏻 For more, visit biztoc.com and never miss a beat in the world of business news.
tweet

BizToc
4) Bitcoin's Bullish Breakout —

Bitcoin's price surges past $60,000 for the first time since 2021, reigniting crypto market enthusiasm. #BitcoinSurge #Bitcoin
tweet

BizToc
3) Bumble Enacts Bitter Split —

Bumble's swiping left on 30% of its workforce as the dating app responds to revenue challenges. #BumbleLayoffs #Bumble
tweet

BizToc
2) Starbucks Brews Union Talk —

Starbucks might stimulate a new wave of unionization after its labor policy shift caught attention. #UnionWave #Starbucks
tweet

BizToc
📰 BizToc.com Hourly News Flash

1) Boeing on a Tight Deadline —

FAA gives Boeing a 90-day ultimatum to offer a plan addressing ongoing quality control issues. #AviationSafety #Boeing
tweet

AkhenOsiris
@dalibali2 SNOW puts printing 🎯
tweet

AkhenOsiris
Sayonara Slootman $SNOW
tweet

AkhenOsiris
$META

Messi just joined Ronaldo as only 2nd person on the planet with 500M Instagram followers. Demographics of their follower base are almost identical per @KOREsoftware. Different demo with the other top 5 accounts.

sportico.com/personalities/a…. - Kurt Badenhausen
tweet

AkhenOsiris
$AMZN

FT:

Amazon’s $1bn industrial innovation fund is to step up investments in companies that combine artificial intelligence and robotics, as the ecommerce giant seeks to drive efficiencies across its logistics network.

Franziska Bossart, head of the corporate venture capital arm that was set up in 2022, told the Financial Times that “generative AI holds a lot of promise for robotics and automation” and is an area “we are going to focus on this year”.

She added that the fund’s pace of investment would “absolutely” accelerate in 2024. It made its first investment in a generative AI company last year, the details of which have not been disclosed.
The Amazon industrial innovation fund has made 12 investments in total, including in Mantis Robotics, which is developing a robotic arm that uses sensors to work alongside humans.

She said the Amazon fund would expand its focus this year, including by seeking to invest in companies involved in the “last mile” of deliveries, when packages arrive with customers, as well as geographically and in later-stage companies. However, Bossart would not be drawn on how much the fund has deployed so far, declining to comment on a report it has invested $110mn as of June.
The focus on the automation of warehouses and logistics was not about cutting people out of them altogether, but would result in a “shift in jobs” as more robots and automated vehicles took on repetitive or dangerous tasks, she said. “We’re also a long way off from replacing all humans,” she added
tweet

The Long Investor
First mention of a SPAC in a long time.

🚩

Webull is planning to go public through a merger with a SPAC ( $SKGR) in a deal that values the digital investing platform at $7.3 billion - Evan
tweet