Google and Snap are in talks to invest in Indian social network ShareChat, TechCrunch reported , the latest move by U.S. tech companies into India. ShareChat recently raised money from Twitter, TechCrunch noted. Google is expected to put in more than $100 million in the latest round, which will total more than $200 million. While Google has been a frequent investor in other companies,...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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