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Good morning! Here is the tech news you need to know this Monday. 1. Amazon is buying Whole Foods for $13.7 billion. "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Amazon CEO Jeff Bezos said in a press release on Friday. 2. Amazon is planning to cut jobs at Whole Foods when it takes over the company, according to a Bloomberg report. The exact number of roles on the line is unclear. 3. Google has promised to do more to suppress terrorism-related videos. The promise comes after UK lawmakers said the internet is a breeding ground for terrorist organizations. 4. Reddit is looking for more funding and it's aiming for a $1.7 billion valuation. That's according to a report from Bloomberg. 5. The US government has filed a lawsuit asking to take ownership of 2.5 million shares of preferred Palantir stock. They were allegedly caught up in Malaysia's massive 1MDB scandal. 6. A Google-backed warehouse farm raised $20 million to build in cities across the US. Unlike traditional outdoor farms, Bowery Farm grows greens under LEDs (which mimic natural sunlight) inside a giant warehouse in New Jersey. 7. Atari confirmed that it's working on a new games console. CEO Fred Shesnais told GamesBeat that the game company is indeed working on a new machine. 8. Apple poached the team behind "Breaking Bad" to help it make TV shows. Two new executives, Jamie Erlicht and Zack Van Amburg, will report to Eddy Cue, Apple's senior vice president of internet software and services. 9. Mobike, a Chinese bike-sharing startup, has raised $600 million. Mobike raised the latest round from Chinese internet giant Tencent and renowned Silicon Valley tech investment firm Sequoia Capital, as well as a number of other investors. 10. Traders betting against Snap have made a killing since its IPO. Data compiled by financial analytics firm S3 Partners suggests they've made around $195 million. |
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