April 2023

Lawmakers ask Department of Justice to investigate Warner Bros. Discovery merger

April 10, 2023

Four Democratic lawmakers have written to the Department of Justice to investigate Warner Bros. Discovery and launch an inquiry into alleged anti-competitive behavior. Democratic representatives Elizabeth Warren, Pramila Jayapal, David Cicilline and Joaquin Castro wrote that the merged company has harmed workers and reduced consumer choice. Warner Bros. Discovery was formed after WarnerMedia merged with […]

Lawmakers ask Department of Justice to investigate Warner Bros. Discovery merger by Aisha Malik originally published on TechCrunch

FTC orders supplement maker to pay $600K in first case involving hijacked Amazon reviews

April 10, 2023

The U.S. Federal Trade Commission has approved a final consent order in its first-ever enforcement action over a case involving “review hijacking,” or when a marketer steals consumer reviews of another product to boost the sales of its own. In this case, the FTC has ordered supplements retailer The Bountiful Company, the maker of Nature’s […]

FTC orders supplement maker to pay $600K in first case involving hijacked Amazon reviews by Sarah Perez originally published on TechCrunch

In edtech, history matters: Reach Capital just closed its largest fund to date

April 10, 2023

Reach Capital, one of the first venture firms to focus exclusively on edtech, closed its last investment vehicle during an unprecedented boom within tech. The San Francisco-based venture firm saw an increase in digital infrastructure, remote learning, and society’s ever fickle attention as an opportunity – and unsurprisingly, those same tailwinds then helped Reach close […]

In edtech, history matters: Reach Capital just closed its largest fund to date by Natasha Mascarenhas originally published on TechCrunch

Uber sells $400m stake in Careem super app business

April 10, 2023

Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications Group Company. Emirates Telecommunications, the UAE telco giant that is now known as e&, said Monday it reached an agreement with Uber to buy a 50.03% […]

Uber sells $400m stake in Careem super app business by Kirsten Korosec originally published on TechCrunch