As China continues its antitrust crackdown on tech, Tencent was ordered to give up exclusive music streaming rights and pay a fine. The fine stems partly from Tencent’s failure to report to authorities the 2016 acquisition of China Music Corp. The company was fined 500,000 yuan($77,000). Reuters said that regulators claimed Tencent held more than 80% of music library resources after buying...
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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
Amazon Secures UK Broadcast Rights for Lucrative European Soccer Games
China’s Tencent, ByteDance Implement New Round of Layoffs
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