In January, Amazon attracted intense attention when it opened Go, its cashless convenience store in Seattle. And it's poised to open six more of them on the U.S. west coast, according to Recode. But that still leaves the e-commerce giant far behind its Chinese rivals, which are already staking out new ground in retail.
Why it matters: The future of retail in the world's leading economies is increasingly expected to be not online shopping, but a melding of e-commerce and physical stores. And Chinese Big Tech appears to be in the vanguard of how to pull this off. The research firm Sanford Bernstein calls it the "digitization of retail."
Washington is waking up to the reality that the cost of doing business in China's massive market is risking precious tech secrets, but it may be too late.
The big picture: Rogue practices like intellectual property theft are built into Beijing's industrial policy, and China has used these policies to innovate so rapidly that it may soon be able to cut its reliance on the West.
Charlie Kirk, a 24-year-old conservative activist and Fox News regular, told me that he and fellow activist Candace Owens met with President Trump in the Oval Office this afternoon for about 20 minutes.
Why this matters: Kirk, a close friend of Don Jr.'s, has more access to this President than anyone his age in the country. He recently hosted a millennials event with Trump and sources tell me they have interacted frequently since the election campaign.
Soulcycle on Friday withdrew registration for an initial public offering, citing "market conditions."
Reality check: The markets are quite receptive to growth company IPOs right now, but there have been several developments since SoulCycle first filed for the IPO in July 2015 — such as the hiring of Melanie Whelan as CEO, the early 2016 departure of company co-founders Julie Rice and Elizabeth Cutler, and the growth of at-home spin class rival Peloton.
Websites owned by the media company Tronc are blacked out in Europe because of the newly-enacted General Data Protection Regulations, reports the New York Times.
The bottom line: The GDPR is a set of new data regulations that set a framework for data collection and privacy for internet users in the European Union.Though companies had two years to prepare for the new rules, Tronc was willing to black out their sites in Europe to avoid facing stiff penalties — which can go as high as 4% of a company's global revenue.
Harvey Weinstein surrendered to police and was led away in handcuffs in New York before being arraigned on charges related to the sexual abuse allegations that helped to launch the #MeToo movement.
The details: Per his lawyer, Weinstein intends to plead not guilty to the rape and criminal sex act charges. They stem from two of the dozens of women who have accused him of sexual misconduct, per the AP. Weinstein is free on $1 million bail with constant electronic monitoring and restricted travel outside New York and Connecticut.