Tech Report: Apple launches a pay later option

Apple launched an option in its digital wallet. It allows customers to pay for online purchases in installments, making it the latest company to embrace the buy now, pay later trend. Apple Pay Later lets customers split payments for purchases into four installments over six weeks, with the first installment due at the time of purchase. Apple users can also apply for a loan within the Wallet app, ranging from $50 to $1000, with no interest or fees, to make online or in-app purchases.

AMC Entertainment surged as much as 21% on Tuesday after a report suggested Amazon might buy the struggling movie theater chain. The intersect reported that Amazon Chairman Jeff Bezos ordered his investment advisors to “explore acquisition plans” for AMC.

U.S. Space Force ramps up cybersecurity spending. Chief of Space Operations Gen. Saltzman said the Space Force is seeking $700 million in the 2024 budget for cybersecurity. The need for greater protection has intensified since Russia’s invasion of Ukraine, which saw satellite systems targeted in cyberattacks.

Google has officially shut down most of FitBit’s social features including ‘challenges’ and ‘adventures’. Fitbit had around 111 million global users. However, sales have slowed and Google has stripped Fitbit of features like music controls and wi-fi support.