Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here are this morning’s headlines:
Amazon Prime perks at Whole Foods are creating problems for Walmart
Walmart's disappointing fourth-quarter earnings report surprised many because of the dramatic slowdown the retailer realized in e-commerce sales.
Business Insider says that’s an indication that Walmart is having a more difficult time competing against Amazon.com than previously thought.
Now that the online seller is extending the perks of its Prime membership loyalty program to consumers who shop at Whole Foods Market, there is worry that Walmart will come in for even more competitive pressure in the future at its bricks-and-mortar grocery stores.
More on the threat from Whole Foods here.
Uber launches Uber Health, a B2B ride-hailing platform for healthcare
Uber is launching a new business line called Uber Health today that will provide a ride-hailing platform available specifically to healthcare providers.
According to TechCrunch, the service will let clinics, hospitals, rehab centers easily assign rides for their patients and clients from a centralized dashboard – without requiring that the rider even have the Uber app, or a smartphone.
Uber Health is also tailored for the healthcare industry with HIPAA standards compliance, as well as the ability to use the service on the client-side from even just a landline.
Spotify kicks off its unusual IPO
The music streaming service Spotify filed for an initial public offering on Wednesday, becoming the first company to file for a direct listing of up to $1 billion.
A direct listing is an unconventional way to pursue an IPO without raising new capital, helping the company eliminate the need for a Wall Street bank or broker to underwrite the public offer.
The company would seek to list its ordinary shares on the New York stock exchange under the ticker symbol “SPOT”.
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