Tech Brew Ride Home Fri. 06/26 - Amazon Buys Self-Driving Startup Zoox
Jun 26, 2020
Amazon makes a bold move by acquiring self-driving startup Zoox for $1.2 billion, eyeing innovations in logistics. Microsoft permanently closes its retail stores, signaling a shift in strategy, while Verizon joins a boycott against Facebook ads. The podcast dives into the changing advertising landscape and highlights India's Jio's profound impact on mobile internet. It also touches on the intriguing evolution of video game music and Reddit's influential moments in shaping online culture.
AI Snips
Chapters
Transcript
Episode notes
Amazon's Self-Driving Acquisition
- Amazon acquired self-driving startup Zoox for $1.2 billion, likely aiming to automate delivery and reduce labor costs.
- This move mirrors Uber's strategy and leverages Amazon's automation expertise.
Microsoft Closes Retail Stores
- Microsoft is closing all its retail stores to focus on online sales, following temporary closures due to the pandemic.
- The closure will cost Microsoft $450 million, but they will reinvest in online and experience centers.
Verizon and Unilever Boycott Facebook Ads
- Verizon joined the Facebook ad boycott after an ad appeared next to a QAnon video with hateful rhetoric.
- Unilever also pulled ads, citing brand safety concerns during a polarized election.