More bad news for TikTok in India and the U.S. U.S. White House advisor Peter Navarro said he expected President Donald Trump to take “strong action” against TikTok and Tencent’s social network WeChat, according to a Bloomberg report of an interview he gave on Fox News Sunday. He said even a sale to a U.S. company wouldn’t be enough to satisfy the Administration’s concerns about the app. The...
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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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