By Sam Shead
Drew Angerer/Getty Images
Jeff Bezos, chairman and founder of Amazon.
Good morning! Here is the tech news you need to know this Monday.
1. Amazon is buying Whole Foods for $13.7 billion (£10.7 billion). “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” Amazon CEO Jeff Bezos said in a press release on Friday.
2. Shares in supermarkets plunged on Friday afternoon after Amazon’s announcement. Supermarkets are understandably worried about Amazon’s aggressive expansion into groceries.
4. Reddit is looking for more funding and it’s aiming for a $1.7 billion (£1.3 billion) valuation. That’s according to a report from Bloomberg.
5. There are hardly any tech people (just three) on the Queen’s Birthday Honours List. Last year’s Birthday Honours list included 25 people from tech.
6. A Google-backed warehouse farm raised $20 million (£16 million) to build in cities across the US. Unlike traditional outdoor farms, Bowery Farm grows greens under LEDs (which mimic natural sunlight) inside a giant warehouse in New Jersey.
7. Facebook explained how it’s using artificial intelligence to help tackle terrorism. The move was detailed in a blog post.
8. Apple poached the team behind “Breaking Bad” to help it make TV shows. Two new executives, Jamie Erlicht and Zack Van Amburg, will report to Eddy Cue, Apple’s senior vice president of internet software and services.
9. Mobike, a Chinese bike-sharing startup, has raised $600 million (£470 million) ahead of an expansion to the UK. Mobike raised the latest round from Chinese internet giant Tencent and renowned Silicon Valley tech investment firm Sequoia Capital, as well as a number of other investors.
10. Traders betting against Snap have made a killing since its IPO. Data compiled by financial analytics firm S3 Partners suggests they’ve made around $195 million (£153 million).
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
Source:: Business By Insider