Wednesday, October 24th, 2018


American Express Teams up with Amazon
Press Release

American Express announced that it partnered with Amazon to launch a new card for US-based small businesses.

The Amazon Business American Express Card gives small businesses the ability “to earn rewards or get a payment term to help their cash flow.”

Benefits include “3% Back or 60-day payment terms for all other customers on U.S. purchases at Amazon Business, Amazon Web Services, Amazon.com, and Whole Foods Market.”


Walmart Improves its Online Shopping Experience
News Release

The retail giant announced that it’s expanding free two-day shipping on purchases made on Walmart.com.

Beginning in November, Walmart customers will also have the ability to return items purchased online at one of its 4,700 US-based stores.

The move looks to help the company compete against other online rivals such as Amazon and Target, in what is expected to be a busy holiday season.


Lyft Acquires an Augmented Reality Company
Blue Vision Blog Post
TechCrunch

London-based Blue Vision Labs announced that it will be joining forces with Lyft.

According to a Blue Vision blog post, Lyft will acquire Blue Vision’s technology, team, and product. As part of the deal, the company will “be the first Lyft office in London, and will become part of Lyft’s Level 5 division to build technology for Lyft’s self-driving efforts.”

Financial terms of the deal were not disclosed, however, according to TechCrunch, citing sources familiar with the matter, Lyft acquired the company for approximately $72 million with an additional $30 million set aside if the company reaches certain milestones.