Square announced that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal, valued at more than 30% premium to its latest closing price of A$96.66. The purchase price is based on the closing price for Square common stock on July 30, which was $247.26.
Twitter is getting back in the e-commerce game with its Shop Module, providing brands a way to shorten the sales funnel on its platform. While it is already a growing channel for brands, e- commerce is one of the trends that made gains during the coronavirus pandemic, accelerating roughly five years due to the pandemic.
Zoom has agreed to pay $85 million to settle a lawsuit accusing the video chat giant of violating privacy and enabling "zoombombing" (that is, trolls dropping into others' chats). The settlement also requires tougher security measures, warning about participants with third-party apps and offering special privacy-oriented training to Zoom staff.
There are currently no regulations for Blue Origin and Virgin Galactic space flights when it comes to anything from passenger safety to air traffic and environmental pollution, but space law experts say the industry is still too new to be heavily regulated and federal agencies will likely take many years to develop policies to make trips to the edge of space as safe as a flight across the country.
The companies behind some of the biggest acts in K-pop are pioneering a new way to monetize them, developing online platforms to help K-Pop fans feel as though they have direct access to their idol favorites. This access helps shape the way these fans interact with the idol as a form of friendship, and how they engage with other fans.
Amazon contracts 2,000 private delivery firms through its DSP (delivery service partner program, which accounts for 115,000 drivers in the US who help with the company's daily fulfillment operations. The ten current and former drivers described instances where there was active concern for their own safety while driving an Amazon van, but were unable to report it.
IDC estimates that Apple shipped 12.9 million iPads in the second quarter, while Samsung hit 8 million shipments. The iPad has experienced its most successful June quarter in nearly a decade, while Chromebook shipments have grown 68.6 percent year over year and reached 12.3 million units.
Tesla has confirmed that its commercial EV project, Semi, will be delayed until 2022 due to the ongoing global processor shortage and its own currently-limited battery production capability for the new 4680 style cells. On the plus side, Tesla executives also confirmed that development of the highly-anticipated Cyber Truck continues apace.
Google has released a feature that allows users to view COVID-19 case numbers as a layer in Google maps, which can help users see the high-transmission areas where the Centers for Disease Control has recommended wearing masks. The layer color codes areas by the 7-day average for the number of new cases per 100,000 people, and shows if cases are trending up or down.