Breaking Down the Top 13 June Business News Stories
June 2021 was an eventful month in the business world, with several stories making headlines. From new partnerships to legal battles, here is a breakdown of the top 13 June business news stories that you need to know.
1. Amazon acquires MGM for $8.45 billion
In a bid to bolster its streaming platform, Amazon has acquired Metro Goldwyn Mayer (MGM) for $8.45 billion. This move will bring a library of over 4,000 films and 17,000 hours of TV to Amazon Prime Video, further competing with Netflix and Disney+.
2. Microsoft acquires Nuance Communications for $19.7 billion
Microsoft has acquired Nuance Communications, a speech recognition and artificial intelligence software company for $19.7 billion. This acquisition will enable Microsoft to integrate Nuance’s technology into its healthcare cloud offerings and further expand its capabilities in voice recognition AI.
3. Alibaba fined $2.8 billion for antitrust violations
E-commerce giant Alibaba has been fined a record $2.8 billion by Chinese regulators for antitrust violations. This comes after an investigation found that Alibaba had been abusing its dominant market position for several years.
4. Apple introduces new privacy features in iOS 15
Apple has introduced new privacy features in iOS 15 that will give users more control over their data. The new features include App Privacy Reports, which will show users what data apps are collecting about them, and Mail Privacy Protection, which will prevent email senders from tracking users’ activity.
5. Ford announces electric F-150 Lightning pickup truck
Ford has announced its first-ever all-electric pickup truck, the F-150 Lightning. The vehicle is set to have a range of up to 300 miles on a single charge and will be priced starting at $39,974.
6. Facebook to launch newsletter service
Facebook is set to launch a newsletter service that will allow users to create and publish newsletters directly on the platform. The feature will be available to journalists, writers, and other creators, enabling them to build direct connections with their followers.
7. WarnerMedia and Discovery to merge
WarnerMedia, the parent company of HBO and CNN, is set to merge with Discovery. The combined company will be worth $150 billion and will include HBO Max, Discovery+, and several popular networks such as HGTV, Food Network, and Animal Planet.
8. Apple Music announces Lossless Audio and Spatial Audio
Apple Music has announced two new audio features, Lossless Audio and Spatial Audio. Lossless Audio will provide high-quality audio with no compression, while Spatial Audio will enable a surround sound experience for users with compatible devices.
9. Amazon to pay full college tuition for employees
Amazon has announced that it will pay for college tuition and other fees for its hourly employees in the U.S. The initiative aims to improve the skills and education of Amazon’s workforce, benefiting the company and its employees alike.
10. Twitter launches Tip Jar feature
Twitter has launched a new feature called Tip Jar, which enables users to send and receive money directly on the platform. The feature is currently available to select users, including journalists, creators, and non-profit organizations.
11. Nike sues over ‘Satan Shoes’
Nike has filed a lawsuit against Brooklyn-based company MSCHF over its ‘Satan Shoes’, which are modified Nike Air Max 97s containing human blood and other controversial elements. Nike claims that the shoes infringe on its trademark and cause confusion among consumers.
12. Coinbase goes public through direct listing
Coinbase, a leading cryptocurrency exchange platform, has gone public through a direct listing on the Nasdaq. The company has seen explosive growth in recent years, and its listing is seen as a significant milestone for the cryptocurrency industry as a whole.
13. Facebook faces backlash over ad targeting
Facebook has faced criticism over its ad targeting practices, which some claim allows advertisers to discriminate against certain groups. The company has pledged to improve its policies and reduce the potential for discriminatory practices.
In conclusion, June was a month full of significant business news stories that are set to shape the future of several industries. From major acquisitions to legal battles, tech innovations, and controversial policies, it’s clear that the business world is never short of excitement and challenges. Which story stood out most to you? Let us know in the comments!
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