Amazon announced on Friday that it will acquire upscale food market chain Whole Foods for $13.7 billion, giving the online retail giant a stronger foothold into the grocery business. The move is a strategic one for both companies: It comes amidst financial struggles at the organic food market while also boosting Amazon’s brick-and-mortar presence. Here’s a closer look at why the pur…
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Lawmakers in Australia passed new legislation on Thursday to hold social media companies accountable for the spread of hate content on their platforms. With its implementation, companies such as Facebook and YouTube could be subject to huge fines, and their executives threatened with jail time, if they do not ensure the “expeditious” removal of inappropriate material.
The Shar…
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