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Apr 19, 2026 8:40 AM

Consumer Tech News (April 13-17): Amazon Buys Globalstar, Snap Cuts Jobs & More

Chinese regulators tightened oversight on food delivery platforms, imposing record fines over food safety lapses and weak merchant screening.

China’s State Administration for Market Regulation fined major platforms, including Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings Inc (NASDAQ:PDD), and Meituan (OTC:MPNGY), for failing to block unqualified merchants.

Iran's Foreign Minister Abbas Araghchi declared the Strait of Hormuz fully open to all commercial vessels for the duration of the ceasefire in a post on social media X.

The President Donald Trump administration is reportedly in talks with General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and other manufacturers to produce weapons and other military supplies amid wars in Iran and Ukraine.

Broadline Retail, Leisure Products & Entertainment

Polaris Inc. (NYSE:PII) announced that recent changes to tariff policy are not expected to impact its 2026 full-year guidance materially.

Netflix Inc. (NASDAQ:NFLX) said its U.S. pricing still delivers superior value even after the latest hikes raised some concerns, arguing subscribers pay less per hour of viewing than rival streaming platforms.

DraftKings (NASDAQ:DKNG) unveiled online sports betting and casino products in Alberta, Canada.

Alibaba Group Holding Ltd. (NYSE:BABA) is actively unlocking value by scaling AI innovation, embedding it across commerce and cloud, and aligning with policy tailwinds to accelerate monetization.

Amazon.com, Inc.