Google-parent Alphabet said late Tuesday revenue for the first quarter rose 13% from a year ago to $41.16 billion, boosted by strength in its ad business until shutdowns from the coronavirus hit in March. Still, the revenue growth was down from the 17% increase Alphabet posted a year prior. Its net profit for the quarter rose to $6.84 billion, up just 3% from a year ago, when profits were...
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The TikTok Investors With the Most to Lose From a U.S. Ban
For venture investors that have collectively invested more than $8 billion in TikTok’s parent company, ByteDance, the fate of the video app in the U.S., where officials are seeking changes to its ownership, could mean the difference between a huge portfolio win and a soul-crushing loss. Early backers of ByteDance such as Susquehanna International Group and Sequoia Capital’s China...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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