Shares in China’s food delivery app Meituan fell sharply after China issued a warning that food delivery drivers must be paid minimum wage. The Hong Kong-listed firm fell 14%, its worst fall ever, according to Bloomberg, after the joint announcement from seven government departments on working conditions for delivery workers. The announcement comes as the government targets the sprawling...
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Apple’s New Headset Makes Meta Look Like AR’s BlackBerry
Apple may have just BlackBerried Meta Platforms’ Quest devices. Apple’s presentation of its mixed-reality headset, the Vision Pro, on Monday seems likely to spell the beginning of the end for Meta’s ambitions in augmented reality and virtual reality. Remarkably, given the endless amounts of media coverage devoted to this device over the past couple of years, Apple’s presentation felt...
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