Facebook has acquired Recreational Equipment Inc.’s (REI) 400,000 square feet brand new headquarters and approximately six acres of land for $368 million.
Amazon Reported to Open 1,000 Small Delivery Fulfillment Hubs Across Cities in the US
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In a bid to fulfill the online orders within a shorter delivery period, Amazon will open miniature facilities in cities and suburban neighborhoods across the country. The strategic move of opening local centers will bring it close to its customers and propel quick deliveries.
Oracle Wins TikTok Over Microsoft; The Deal Promises US Headquarters, 20,000 Employment Opportunities
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On Monday, the tech giant, Oracle, confirmed its intent to make a play for TikTok’s US arm immediately after the brand’s parent company, ByteDance, chose the former over Microsoft to be its partner in the US.