Amazon announced on Thursday that it has signed an agreement to acquire PillPack, an online pharmacy that offers pre-sorted doses of medications, and home delivery.
The announcement comes just a week after Amazon, JPMorgan Chase, and Berkshire Hathaway announced a new CEO for its newly formed employee health care company.
Terms of the PillPack deal were not disclosed, however, multiple reports state that the company was reportedly purchased for around $1 billion.
Amazon also announced that it will be launching a delivery service for entrepreneurs. The new service helps individuals build their own delivery companies and will provide technology and operational support to individuals for the opportunity to run their own delivery business.
The company stated that successful owners can earn as much as $300,000 in annual profit when operating a fleet of up to 40 delivery vehicles.
Messaging Company, Line, Looks to Launch a Cryptocurrency Exchange
Company Press Release
Line announced on Thursday, that it will be launching a global cryptocurrency exchange called BITBOX.
Users will be able to exchange more than 30 cryptocurrencies including Bitcoin, Ethereum, and Litecoin.
The exchange will be part of Line’s financial services business and is scheduled to launch in July. It will be made available for global users outside of Japan and the United States.
Walmart Introduces 3D Shopping
Company Press Release
Walmart announced on Thursday that it rolled out a feature on its website that provides a life-like 3D setting of a curated apartment.
The apartment will showcase nearly 70 items from both national brands and its private label offerings.
The technology is powered by Matterport, a California-based company that specializes in 3D tours, specifically for the real estate industry.
On Thursday, Kroger announced that it is testing a service that will allow customers to receive orders that will be delivered by Nuro, a maker of a self-driving vehicles designed for local goods transportation.
The partnership looks to make the convenience of grocery delivery accessible and affordable for customers.
The pilot program is expected to be deployed this Fall. Krogers did not disclose the pilots initial test market.
TechCrunch initially reported that Instagram has launched a simplified version of its app which is targeted towards users in emerging markets.
The Lite version of the app is available on the Google Play Store and is significantly smaller in size compared to the regular Instagram app.
The new version is expected to help the company increase its user-base after it announced last week that it reached over 1 billion active users around the globe.