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OpenAI’s Bot Launches Massive Scraping Attack on Small E-commerce Site

OpenAI’s Bot Launches Massive Scraping Attack on Small E-commerce Site

Triplegangers, a seven-person company specializing in 3D digital models, faced a significant outage as OpenAI's bot flooded its website with server requests akin to a DDoS attack. The CEO, Oleksandr Tomchuk, revealed that the bot attempted to scrape over 65,000 product pages, using hundreds of IP addresses. Despite having terms of service against unauthorized scraping, the company lacked a properly configured robot.txt file initially. Following the chaos, Triplegangers implemented safeguards to block the bot, but concerns over data rights and potential AWS costs remain. The incident highlights vulnerabilities for small online businesses against aggressive AI crawlers.

Created at: January 10, 2025 9:00pm

Shein Targets London for IPO Amid Controversy

Shein Targets London for IPO Amid Controversy

Shein is reportedly preparing for an initial public offering (IPO) on the London Stock Exchange, potentially as early as April. This move follows the company's unsuccessful attempts to list in the U.S. due to regulatory scrutiny over its ties to China and labor practices. Concerns have also been raised by a UK lawmaker regarding Shein's supply chain and allegations of forced labor. Additionally, the fast-fashion giant faces ongoing criticism for its sustainability practices, contributing to environmental harm.

Created at: January 10, 2025 7:00pm

PrettyDamnQuick Secures $25M Funding to Enhance E-Commerce Checkout Experience

PrettyDamnQuick Secures $25M Funding to Enhance E-Commerce Checkout Experience

PrettyDamnQuick (PDQ), a startup aiming to offer an alternative to Amazon, has raised $25 million in Series A funding to expand its e-commerce solutions. Founded in 2020, PDQ has attracted 200 customers and processes 30 million orders monthly. The funding will help enhance its platform, which improves checkout experiences for independent retailers. CEO Avi Moskowitz developed the idea from his own challenges in online sales during the pandemic. PDQ currently integrates with Shopify and plans to broaden its reach with the new capital.

Created at: January 9, 2025 3:30pm

Flipkart Appoints Dunzo Co-Founder to Spearhead Quick Commerce Initiative

Flipkart Appoints Dunzo Co-Founder to Spearhead Quick Commerce Initiative

Flipkart has announced the appointment of Kabeer Biswas, the co-founder of Dunzo, to lead its quick commerce division, Flipkart Minutes. This strategic move aims to enhance its operations in India's burgeoning quick commerce market, which promises deliveries within 10 to 15 minutes. Despite previous acquisition talks that fell through due to ownership complexities at Dunzo, Flipkart's expansion reflects a growing trend in India, where competitors like Zomato's BlinkIt and Swiggy's Instamart are already leading. The quick commerce sector is gaining traction amid increasing consumer demand for rapid deliveries.

Created at: January 9, 2025 6:30am

Meta Partners with eBay Following €798M EU Fine: FB Marketplace to Feature eBay Listings

Meta Partners with eBay Following €798M EU Fine: FB Marketplace to Feature eBay Listings

Meta has agreed to integrate eBay listings into Facebook Marketplace as part of its compliance with a €798 million antitrust ruling by the EU. This pilot program will be rolled out in Germany, France, and the U.S., allowing users to browse eBay products directly on the platform while completing purchases on eBay's site. While this move aims to enhance user experience, Meta continues to contest the EU's decision, arguing that the imposed changes are unfair and detrimental to its business model. eBay's stock has already seen a 7.4% increase following the announcement.

Created at: January 8, 2025 5:30pm

Meta to Integrate eBay Listings in Facebook Marketplace Amid EU Regulatory Pressure

Meta to Integrate eBay Listings in Facebook Marketplace Amid EU Regulatory Pressure

Meta has announced plans to display eBay listings within its Facebook Marketplace platform as a response to European regulators. This move follows a significant €798 million fine imposed by the European Commission for alleged antitrust violations. The EC argued that Meta's integration of Marketplace with its social network created unfair trading conditions, benefiting Facebook Marketplace disproportionately. While Meta intends to appeal the fine, it will test the new feature in Germany, France, and the U.S. This integration aims to enhance user experience and compliance with regulatory demands.

Created at: January 8, 2025 3:00pm

Whatnot Secures $265M in Series E Funding, Valuation Approaches $5B

Whatnot Secures $265M in Series E Funding, Valuation Approaches $5B

Whatnot, a livestream shopping platform, announced it has raised $265 million in a Series E funding round, elevating its valuation to $4.97 billion. This significant investment underscores the growing potential of livestream shopping in the U.S. The funds will support expansion into new categories like art and golf, and enhance seller tools. Additionally, Whatnot plans to enter the Australian market and expand in Europe this year. The company has raised a total of approximately $746 million to date, with its annual gross merchandise value exceeding $3 billion.

Created at: January 8, 2025 12:30pm

Just Eat Takeaway Sells Grubhub to Wonder for $650M Amid Industry Shakeup

Just Eat Takeaway Sells Grubhub to Wonder for $650M Amid Industry Shakeup

Just Eat Takeaway.com has finalized the sale of Grubhub to startup Wonder for $650 million after a two-year search for a buyer. The deal reflects a significant loss as Grubhub carries $500 million in debt, leaving Just Eat Takeaway with just $50 million. The sale emphasizes a shift in the food delivery industry towards profitability following years of overinvestment. Wonder, led by e-commerce veteran Marc Lore, aims for a $40 billion valuation and plans to leverage Grubhub's national presence. However, turning around Grubhub's debt-laden operations poses a major challenge.

Created at: January 7, 2025 9:30am

Holiday Online Spending Hits Record $1.2T, Driven by AI Insights

Holiday Online Spending Hits Record $1.2T, Driven by AI Insights

Salesforce reports online spending surged 3% to a record $1.2 trillion during the holiday season, with U.S. sales increasing 4% to $282 billion. Key shopping days saw impressive growth, including Black Friday's $74.4 billion in sales, up 5%, and Cyber Monday's $49.7 billion, a 3% increase. However, the report highlights a concerning rise in returns, with consumers recouping $122 billion—up 28% from last year. AI-driven tools played a significant role, influencing $229 billion in holiday spending through personalized offers and support, indicating their growing importance for retailers in 2025.

Created at: January 6, 2025 5:30pm

Kidde Partners with Amazon to Integrate Ring Technology into Smoke Detectors

Kidde Partners with Amazon to Integrate Ring Technology into Smoke Detectors

At CES 2025, Amazon announced a partnership with Kidde to incorporate Ring technology into new smoke and CO2 detectors. Ranging from $55 to $75, these devices will offer features like push notifications for alerts and low battery warnings. They connect directly to Wi-Fi without needing a Ring hub, enhancing home safety. Additionally, Ring will offer a $5 monthly Smoke and CO2 Monitoring service for 24/7 monitoring and direct emergency alerts. Both the detectors and the service are set to launch on April 2, 2025.

Created at: January 6, 2025 2:30pm

Avataar Unveils Velocity: AI Tool to Create Product Videos Instantly

Avataar Unveils Velocity: AI Tool to Create Product Videos Instantly

Avataar has launched a new tool named Velocity that generates AI-powered product videos directly from a product link, catering to brands looking to enhance their marketing strategies. This innovation aims to compete with giants like Amazon and Google, offering a cost-effective solution for video creation. Initially tested in early 2024, Velocity allows for automated video production, which can significantly improve customer engagement and conversion rates. With notable clients such as HP and Victoria’s Secret already utilizing the tool, Avataar emphasizes the importance of storytelling in video marketing.

Created at: January 6, 2025 1:00pm

Calo Secures $25 Million to Expand Custom Meal Delivery Service

Calo Secures $25 Million to Expand Custom Meal Delivery Service

Middle Eastern startup Calo has raised $25 million in Series B funding to expand its ready-to-eat meal service. The funding, led by Nuwa Capital, aims to enhance meal customization for various dietary needs, such as weight loss and muscle gain. With the meal delivery market projected to reach $11.2 billion by 2030, Calo plans to extend its operations beyond the Middle East, including an acquisition of a UK food startup. Currently valued at $250 million, Calo served 10 million meals this year, emphasizing health-conscious options for busy professionals.

Created at: December 30, 2024 11:00am

Hertz Now Offers Customers the Chance to Buy Their Rental EVs

Hertz Now Offers Customers the Chance to Buy Their Rental EVs

Hertz has launched a new initiative allowing customers to purchase the electric vehicles they are currently renting. This program aims to enhance the customer experience by making it easier for renters to own their vehicles. Emails have been sent to customers, like a Reddit user who received an offer for their 2023 Tesla Model 3 at a competitive price of $17,913. The pricing aligns with Hertz's used car listings, ensuring good deals for potential buyers. Hertz's communication director confirmed that this offer is available to those who opt into promotional emails, enhancing engagement with their rental services.

Created at: December 27, 2024 3:00pm

Top Budget Headphones Under $50 to Elevate Your Audio Experience

Top Budget Headphones Under $50 to Elevate Your Audio Experience

This holiday season, audiophiles on a budget can rejoice with a selection of top-quality headphones priced under $50. The Superlux HD681 Evo stands out for its exceptional sound and comfort, making it ideal for serious listeners. For studio work, the Audio Technica M20x delivers accurate audio at a fraction of the cost. Meanwhile, the iJoy Ultra offers impressive features like noise cancellation and a 35-hour battery life. The retro Koss Porta Pro remains a favorite for its audio clarity, while the Anker Soundcore Life Q20 stretches the budget for premium features. These options ensure quality sound without breaking the bank.

Created at: December 26, 2024 7:03pm

Top 5 Smartwatches for Seniors: Gift Ideas to Keep Grandma Connected

Top 5 Smartwatches for Seniors: Gift Ideas to Keep Grandma Connected

Smartwatches have evolved into essential tools for seniors, offering health tracking and emergency alerts. A recent article highlights the best five smartwatches tailored for older adults, including the Medical Guardian MGMove, which features caregiver monitoring and emergency response. The Apple Watch Series 9 stands out for its advanced health functionalities when paired with the Lively plan. For those less tech-savvy, the Bay Alarm Medical SOS Smartwatch provides a simple interface. These devices enhance safety and well-being, making them perfect gifts for the holiday season.

Created at: December 26, 2024 7:03pm

PharmEasy's Valuation Plummets to $456M Amid Financial Struggles

PharmEasy's Valuation Plummets to $456M Amid Financial Struggles

PharmEasy, the Indian online pharmacy, faces a stark valuation drop to approximately $456 million, as revealed by its investor Janus Henderson's recent filing. This marks a dramatic 92% decrease from its peak valuation of $5.6 billion. Despite raising over $200 million in fresh capital and planning for an IPO next year, the company has struggled with significant debt and a failed $843 million IPO in 2021. The startup has raised over $1 billion to date but continues to grapple with its financial challenges, including a problematic $300 million loan from Goldman Sachs.

Created at: December 26, 2024 7:01pm

YouTube Launches Affiliate Program in India with Flipkart Partnership

YouTube Launches Affiliate Program in India with Flipkart Partnership

YouTube has introduced its affiliate program in India, allowing creators to tag products in videos and earn referral fees as the festive season approaches. The program partners with Walmart-owned Flipkart and Myntra, expanding product access for creators. With over 400 million users, India is YouTube's largest market, boasting more than 110,000 channels. Creators must have at least 10,000 subscribers to participate. This move follows successful affiliate initiatives in the U.S. and other Asian markets, aiming to enhance product discovery across all video formats.

Created at: October 25, 2024 7:00am

Vinted Achieves $5.4B Valuation with €340M Secondary Share Sale

Vinted Achieves $5.4B Valuation with €340M Secondary Share Sale

Lithuania's Vinted has garnered a new valuation of €5 billion (approximately $5.4 billion) after closing a €340 million secondary share sale, primarily led by TPG. This move highlights a growing trend in Europe where startups seek liquidity amid a sluggish IPO market. Vinted's existing investors, including Accel and EQT, have retained stakes while the company celebrated a 61% revenue growth in 2023. CEO Thomas Plantenga emphasized the sale's role in rewarding employees for their contributions. The marketplace is also expanding beyond fashion into electronics, prompting competitive reactions from eBay.

Created at: October 24, 2024 10:30am

Sensei Secures €15M to Expand Contactless Stores Across Europe

Sensei Secures €15M to Expand Contactless Stores Across Europe

Portuguese startup Sensei has successfully raised €15 million in a Series A funding round led by BlueCrow Capital, with participation from other investors. The funding aims to boost its contactless store platform, which utilizes AI and computer vision for autonomous retail experiences. Sensei plans to establish 1,000 contactless points of sale by 2026, expanding its operations beyond Portugal to Spain, France, Italy, and Brazil. The CEO highlighted the growing demand for automated retail solutions as competitors like Amazon Go and Walmart also enter the market, intensifying competition.

Created at: October 23, 2024 6:00am

Paccurate Secures $8.1M Series A to Revolutionize Shipping Efficiency

Paccurate Secures $8.1M Series A to Revolutionize Shipping Efficiency

Paccurate, co-founded by James Malley and Patrick Powers, has raised $8.1 million in a Series A funding round led by High Alpha. The startup's innovative software optimizes packaging to reduce shipping costs and environmental impact, processing around a million shipments daily. Originally launched in 2018, the company gained traction during the pandemic, attracting larger clients like Daily Harvest. New regulations in the U.S. and EU are driving demand for more efficient packaging solutions. Paccurate aims to disrupt a market dominated by legacy players with its unique approach to cartonization.

Created at: October 22, 2024 1:30pm

Poshmark Reverts Fee Changes After Seller Backlash

Poshmark Reverts Fee Changes After Seller Backlash

Poshmark has reversed its recent decision to lower selling fees after sellers reported a significant decline in sales. Following outrage from the seller community, CEO Manish Chandra issued an apology, stating that the new fee structure led to decreased shopper spending. Initially, Poshmark aimed to introduce a 5.99% seller fee along with new buyer charges, but feedback indicated that many sellers struggled to make sales under the new system. The original fee structure will be reinstated on October 24, along with a rebate for affected sellers.

Created at: October 21, 2024 6:00pm

Google TV Introduces 'Channels' Tab for Enhanced Live Streaming in the UK

Google TV Introduces 'Channels' Tab for Enhanced Live Streaming in the UK

Google has launched a dedicated 'Channels' tab for Google TV users in the UK, improving the browsing experience for live TV streaming. This feature allows users to easily navigate available channels on their Google TV Streamer and Chromecast devices. Previously, users faced challenges accessing dedicated live TV options. The update includes a carousel of recommendations alongside the new tab, enhancing content discovery. While currently exclusive to the UK, the feature's rollout to other regions remains uncertain. Google aims to transition away from the Chromecast branding, signaling a broader evolution in its streaming services.

Created at: October 21, 2024 1:30pm

Apple Pay Celebrates 10 Years with New Rewards and Loan Options

Apple Pay Celebrates 10 Years with New Rewards and Loan Options

Apple has announced significant updates to Apple Pay as it celebrates a decade of the service. Starting today, users in the U.S. and U.K. can redeem rewards and access installment loans through partnerships with Klarna, Affirm, and Monzo Flex. Future expansions will include credit card loan options from Citi and Synchrony, and additional countries like Canada, Australia, and Spain will also see these features. Apple aims to replace physical wallets with digital alternatives, enhancing connectivity between consumers and their banking partners. Millions now utilize Apple Pay across 78 markets globally.

Created at: October 17, 2024 3:01pm

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Permira Acquires Squarespace for $7.2 Billion, Completing Take-Private Deal

Private equity firm Permira has successfully acquired Squarespace, ending its run as a publicly-traded company. Initially offering $44 per share, Permira increased its bid to $46.50 after pushback from shareholders and proxy advisory firms. The acquisition is valued at approximately $7.2 billion, marking one of the largest take-private transactions of 2024. Additionally, Squarespace sold its restaurant reservation service, Tock, to American Express for $400 million. CEO Anthony Casalena remains a significant shareholder post-acquisition, alongside notable VC firms.

Created at: October 17, 2024 1:00pm

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto Seeks $100M in New Funding as Quick Commerce Grows

Zepto, a leading Indian quick commerce startup, is in advanced talks to raise $100 million, marking its third funding round in just six months. The Mumbai-based company, known for delivering groceries and office supplies in 10 minutes, aims to attract more domestic investors, including high-net-worth individuals and family offices. The new investment values Zepto at $5 billion post-money, maintaining its valuation from a recent $340 million round. With over $1 billion raised recently, Zepto plans to go public next year, projecting 150% growth in the coming year.

Created at: October 17, 2024 7:30am

Google Unveils New 'Cheapest' Tab on Flights for Budget Travelers

Google Unveils New 'Cheapest' Tab on Flights for Budget Travelers

Google has launched a new feature in Google Flights that allows users to find the cheapest flight options for their trips. The 'cheapest' tab will display the lowest available prices, even linking to third-party booking sites that may offer better deals. This new feature caters to travelers willing to sacrifice convenience for savings, showcasing creative options such as longer layovers or booking separate legs of a trip with different airlines. The update is rolling out globally over the next two weeks, providing a more cost-effective travel planning tool.

Created at: October 16, 2024 4:30pm

Glovo Introduces Social Features to Enhance Food Delivery Experience

Glovo Introduces Social Features to Enhance Food Delivery Experience

Glovo, the Spanish food delivery service, is implementing social features to increase user engagement within its app. Users can now connect with friends, share restaurant recommendations, and organize favorite eateries through a new 'Picks' feature. The app will allow restaurants to upload food preparation videos in a TikTok-style feed to enhance the user experience. Glovo plans to launch these updates in Barcelona first, with a broader rollout across Spain and beyond. The company aims to improve food discoverability while maintaining high privacy standards for user data.

Created at: October 16, 2024 4:30pm

FTC Introduces New Rule to Simplify Subscription Cancellations

FTC Introduces New Rule to Simplify Subscription Cancellations

The U.S. Federal Trade Commission (FTC) has announced a new 'click-to-cancel' rule aimed at making it easier for consumers to cancel subscription services. This regulation requires companies to provide cancellation methods that are as straightforward as the sign-up process. The rule applies to all automatically renewing subscriptions, including streaming services and memberships. Companies must disclose cancellation information prior to billing and cannot use different methods to cancel. The FTC cites a significant rise in subscription complaints, underscoring the need for this consumer protection measure.

Created at: October 16, 2024 4:30pm

Amazon Unveils First-Ever Color Kindle: The Revolutionary Kindle Colorsoft

Amazon Unveils First-Ever Color Kindle: The Revolutionary Kindle Colorsoft

Amazon has officially launched the Kindle Colorsoft, its first color e-reader, marking a significant advancement in e-book technology. This new device features a vibrant color display, eliminating pixelation and enhancing visual clarity for readers. With a retail price of $279, the Kindle Colorsoft promises weeks of battery life, catering to avid readers' needs. Pre-orders are currently open, with the device set to hit the market on October 30. Additionally, Amazon announced updates to the Kindle Scribe, including AI-powered note summarization and interactive note-taking features, further enhancing the reading experience.

Created at: October 16, 2024 3:00pm

Airbnb Unveils Co-Host Network to Simplify Property Management for Hosts

Airbnb Unveils Co-Host Network to Simplify Property Management for Hosts

Airbnb has launched a Co-Host Network, allowing hosts to hire top-rated local co-hosts for property management tasks. This initiative aims to alleviate the complexities of managing multiple listings, particularly for hosts facing declining incomes. Initially, the company has onboarded 10,000 hosts across ten countries, all rated above 4.8. Co-hosts can assist with diverse tasks, including guest support and pricing strategies, while setting their own service rates. Airbnb is also incorporating AI to enhance user support and streamline operations for both hosts and guests.

Created at: October 16, 2024 12:30pm

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Luxury Fashion Careers Fuel $17M Raise for Autone's Supply Chain Innovations

Autone, a supply chain platform founded in 2020, has successfully raised $17 million in Series A funding, led by General Catalyst. The company aims to streamline inventory management for mid-market retailers and premium brands facing complex supply chains. Notable investors include Speedinvest and YCombinator, bringing total funding to $20 million. Autone's co-founders, with backgrounds in luxury fashion, leveraged their experience to create a solution that reduces inventory risk and enhances purchasing efficiency. Their client roster includes brands like Courreges and Roberto Cavalli.

Created at: October 16, 2024 10:00am

Google Enhances Shopping Tab with AI-Powered Personalization

Google Enhances Shopping Tab with AI-Powered Personalization

Google has upgraded its Shopping tab by integrating generative AI to create personalized shopping experiences for users. The new feature offers AI briefs that provide tailored advice based on specific product searches, such as winter jackets suitable for Seattle's climate. Additionally, a scrollable feed presents relevant products and videos aligned with user preferences, reminiscent of TikTok's engaging format. This evolution aims to compete with TikTok's growing influence in the shopping space, leveraging Google’s vast product listings and Gemini models. The rollout of these features begins in the U.S. over the coming weeks.

Created at: October 15, 2024 1:00pm

Fearless Fund Invests in E-Commerce Platform Zimi After Lawsuit Settlement

Fearless Fund Invests in E-Commerce Platform Zimi After Lawsuit Settlement

Fearless Fund has announced a seven-figure investment in the e-commerce startup Zimi, co-founded by Audrey Djiya and Peter Nsaka, following a settlement of a lawsuit with the American Alliance for Equal Rights. Zimi specializes in inventory management and logistics for businesses in emerging markets. The investment comes as Fearless Fund resumes normal operations and focuses on supporting women of color entrepreneurs. Zimi's CEO emphasized the importance of Fearless Fund's understanding of the challenges they aim to solve. The fresh capital will enhance Zimi's operations and engineering workforce while integrating AI technologies.

Created at: October 11, 2024 7:30pm

EU Intensifies Scrutiny on Temu Over Illegal Product Risks

EU Intensifies Scrutiny on Temu Over Illegal Product Risks

The European Union has heightened its investigation into the Chinese ecommerce platform Temu, seeking further details regarding its compliance with the Digital Services Act (DSA). This comes after consumer protection groups filed complaints highlighting concerns about the sale of illegal goods. The EU demands specifics on risk mitigation measures, trader identification processes, and consumer protection strategies. Temu must respond by October 21, or it risks facing formal investigation for non-compliance. The scrutiny reflects growing pressure for greater accountability in online marketplaces, especially regarding user safety and transparency.

Created at: October 11, 2024 4:00pm

Amazon Streamlines Online Grocery Shopping for Prime Members

Amazon Streamlines Online Grocery Shopping for Prime Members

Amazon has unveiled new features to enhance the grocery shopping experience for Prime members, including Same-Day Delivery for fresh groceries and Amazon products. This service, currently being piloted in Phoenix, allows customers to order from multiple Amazon brands in a single transaction. Additionally, Amazon is constructing its first automated micro-fulfillment center in Pennsylvania to facilitate quick delivery and in-store shopping. This initiative follows the launch of the budget-friendly 'Amazon Saver' line aimed at helping customers manage inflation. Future expansions to more locations are planned.

Created at: October 9, 2024 4:00pm

Amazon Unveils Next-Gen Fulfillment Center with 10x More Robots

Amazon Unveils Next-Gen Fulfillment Center with 10x More Robots

Amazon has announced the launch of its new robot-powered fulfillment center in Shreveport, Louisiana, which spans three million square feet. This facility, designed with a ground-up approach to robotics and AI, will feature ten times the number of robots compared to standard centers. With a current fleet of nearly a million robots, Amazon aims to enhance its operational efficiency. The new systems include the advanced Sequoia inventory system capable of holding over 30 million items. Once fully operational, the center will employ 2,500 workers, ensuring human oversight remains integral.

Created at: October 9, 2024 3:31pm

Amazon Pharmacy Expands Same-Day Delivery to 20 More U.S. Cities

Amazon Pharmacy Expands Same-Day Delivery to 20 More U.S. Cities

Amazon Pharmacy has announced plans to expand its same-day medication delivery service to 20 additional U.S. cities, significantly increasing access to fast medication delivery. This expansion will open new pharmacies with Same-Day Delivery sites, aiming to serve nearly half of the U.S. population. Customers in cities like Boston, Dallas, Minneapolis, Philadelphia, and San Diego will soon benefit from this service. By the end of 2025, 45% of U.S. customers will qualify for same-day delivery. Amazon's pharmacy services have been evolving since its launch in 2020, including drone delivery options.

Created at: October 9, 2024 3:31pm

Amazon Unveils AI-Powered Shopping Guides to Enhance Consumer Experience

Amazon Unveils AI-Powered Shopping Guides to Enhance Consumer Experience

Amazon has launched AI-powered Shopping Guides designed to streamline online shopping for over 100 product types, set to go live on October 10th. These guides aim to assist consumers in making informed purchase decisions by consolidating essential product information and trusted brand recommendations. The feature covers both major purchases and everyday items, helping users navigate Amazon's vast inventory. Integrated with educational content and customer insights, the guides will also connect shoppers to Amazon's AI assistant, Rufus. The company plans to expand the guide offerings in the future.

Created at: October 9, 2024 3:00pm

FTX to Return $12B to Creditors, Boosting Crypto Market Liquidity

FTX to Return $12B to Creditors, Boosting Crypto Market Liquidity

FTX has received court approval for a payout plan to return up to $12 billion to its creditors. The repayment will occur gradually, with an initial disbursement expected by December, starting with $1.1 billion. This news is seen as a positive development for the struggling cryptocurrency market, potentially improving Bitcoin liquidity and overall market performance. The payout follows FTX's Chapter 11 bankruptcy and allegations of fraud against its former CEO, Sam Bankman-Fried. Analysts believe the return of funds will significantly benefit both creditors and the wider crypto industry.

Created at: October 9, 2024 1:31pm