Meta and Amazon settle UK antitrust probes over use of third-party data to benefit marketplaces

The U.K.’s Competition and Markets Authority (CMA) today announced that it has accepted proposals from Facebook’s parent Meta and Amazon to limit how they use data gathered from their respective marketplaces to benefit their own products and bottom lines. The CMA has been probing both […]

Wholesale marketplace Faire, which raised at a $12.6B valuation last year, lays off 20% of its staff

Wholesale marketplace Faire has laid off 20% of its staff, or about 250 people, as part of a restructuring, according to multiple reports. Business Insider broke the news, reporting that the job cuts were companywide. Faire in October of 2022 had laid off 7% of […]

Xsolla defends itself after being called out by Ukraine for ties to Russia

Game payments firm Xsolla has defended itself for its reduced presence in Russia after a Ukraine government minister called the company out for its ties to Russia. Last week, Ukraine’s Mykhailo Fedorov, minister of digital transformation, asked gaming companies such as Epic Games, Valve and […]