Ola, the Indian ride-hailing company backed by SoftBank, has been denied a license to enter the London taxi market, Reuters reported. The move is a setback for SoftBank, which is grappling with a series of failed investments such as WeWork and a global recession, which has created uncertainties for the operations and share prices of its Vision Fund portfolio companies. London’s public...
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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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