Uber late Thursday said it would take a charge of about $2 billion in the first quarter to reduce the carrying value of its its minority equity investments in other ride-hailing companies affected by the virus-related shutdown—namely Didi Chuxing and Grab. The move will raise its net loss for the quarter. Previously it had said those investments were collectively worth about $10 billion. The...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company

Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
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