Amazon hits sellers with ‘fuel surcharge’ as Iran war roils global energy markets
The e-commerce giant called the surcharge “temporary” but couldn’t give a date for when the policy would be retired.
Commerce
Allbirds is selling for $39 million. It raised nearly 10 times that amount in its IPO.
The collapse of the brand, which was originally venture-backed and that went public in 2021, has been well-documented.
Meta turns to AI to make shopping easier on Instagram and Facebook
Meta is using generative AI to provide more product and brand information to consumers when they’re shopping in its apps.
Ads are coming to Apple Maps, as Apple expands its business offerings
Apple Maps will launch ads this summer in the U.S. and Canada. Plus, a new suite of Apple Business offerings arrives April 14.
Bengaluru food delivery startup Swish raises $38M, its third round in 18 months
Swish has more than doubled its valuation in a year as its full-stack, hyperlocal model positions ultra-fast food delivery as a high-frequency habit.
Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million
Grab will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million, expanding beyond Southeast Asia and setting up a closer challenge to Uber Eats in a tightly contested market.
Patreon CEO calls AI companies’ fair use argument ‘bogus,’ says creators should be paid
Patreon CEO Jack Conte says AI companies should pay creators for training data, arguing their fair use defense falls apart when they license content from major publishers.
Amazon adds 1-hour and 3-hour delivery options in the US
Amazon Prime subscribers will be charged $9.99 for one-hour delivery and $4.99 for three-hour delivery. If you don’t have a Prime subscription, you’ll pay $19.99 for one-hour delivery and $14.99 for three-hour delivery.