First and foremost, Fast, a three-year-old one-click checkout firm, announced its closure after failing to obtain further financing to keep operations going. The statement didn’t come as a complete surprise, given that The Information had reported on symptoms of problems the week before. Those hints included the revelation that the startup had only generated $600,000 in revenue for the entire year of 2021 despite raising $120 million in venture capital earlier in the year (in a round led by Stripe) and rumors that the company was having difficulty raising additional funds and, as a result, might be looking for a buyer.
Amazon to add 2,500 corporate and tech jobs in expansion of Southern California tech hubs
Amazon plans to add more than 2,500 corporate and tech jobs across multiple sites in Southern California, the company announced Tuesday. Read more. ➝
Noah Washington May 12, 2022