Ant Group, the powerful Chinese online financial conglomerate whose IPO was blocked last year, is offering zero interest loans to employees to boost their morale, Bloomberg reported. The offer to borrow money off of employees’ stock options comes after regulators spiked what was going to raise a record $35 billion for billionaire Alibaba founder Jack Ma’s company. Bloomberg said the loans...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates

We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results. Investors such as Altimeter Capital, which last fall called on Meta to streamline, will be happy. It’s just a pity that Meta, like much of big tech, appears to have...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
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