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Facebook is rolling out an update that enables its 2 billion daily users $META

 


The new feature is the company’s latest attempt to keep people coming back to its social network amid intensifying competition with its trendier rival TikTok.

After clicking on the Feed tab, users will be able to toggle over to a chronological presentation of their Facebook favorites, Facebook groups they have joined or feeds consisting exclusively of posts from all their Facebook friends in the order they were shared.

The new option is designed to address complaints from users who believe they have been missing interesting posts because Facebook’s algorithm fed misinformation or politically polarizing posts and omitted friends from their feeds.

Amazon to buy primary care provider One Medical for $3.9B

Amazon will acquire the primary care organization One Medical in a deal valued roughly at $3.9 billion, marking another expansion for the retailer into health care services.

The Seattle-based e-commerce giant said Thursday it’s buying One Medical for $18 per share. It’s one of Amazon’s biggest acquisitions, following its $13.7 billion deal to buy Whole Foods in 2017 and its $8.5 billion purchase of Hollywood studio MGM, which closed earlier this year.

One Medical, whose parent company is the San-Francisco based 1Life Healthcare Inc., is a membership-based service that offers virtual care as well as in-person visits. It also works with more than 8,000 companies to provide its health benefits to employees.

As of March, One Medical had about 767,000 members and 188 medical offices in 25 markets, according to its first-quarter earnings report.


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