In House hearing, Brad Smith says monetizing referral traffic has become increasingly difficult for news pubs because Google squeezes out most of the profit (Brad Smith/Microsoft On the Issues)

Rakuten says it plans to raise $2.2B to help it compete with US rivals, by issuing new shares to Walmart, Tencent, and Japan Post  —  – Rakuten said it will issue 211,656,500 shares at 1,145 Japanese yen ($10.5) per share.  — Founded in 1997, Rakuten has over 70 businesses and 1.4 billion members worldwide.

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