3 in Finance

4/22: The Federal Trade Commission (FTC) has sued to block Tapestry, Inc.’s (NYSE:TPR) $8.5B acquisition of Capri Holdings Limited (NYSE:CPRI), on the grounds that the deal would limit competition and increase prices for consumers. (Link)

4/19: Wish (San Francisco, CA) (NAS:WISH), a leading mobile shopping app, has been acquired by Qoo10, a Southeast Asia subsidiary of eBay (NAS:EBAY), for $173M. (Link)

4/2: Flip (El Segundo, CA), the developer of a social platform which combines a network of shoppers with an e-commerce marketplace, has raised $144M in a deal led by Streamlined Ventures, putting the firm’s pre-money valuation at $1.05B. (Link)

3 for Fun

Alibaba planning global one-hour rocket delivery of goods. (Link)

Tik Tok testing virtual influencers to promote e-commerce. (Link)

Recently developed AI Model could optimize websites for color-blind users. (Link)

Big movers — month over month stock performance

Rent The Runway gains 38%; Coupang gains 24%; Sea gains 19%

Wayfair falls 24%; Hims and Hers Health falls 20%; Warby Parker falls 16%