SoftBank said it swung to a net profit of $6 billion in the quarter through September thanks to investment gains from the $100 billion Vision Fund and its much smaller successor, the Vision Fund 2. Meanwhile, SoftBank announced that several executives, including COO Marcelo Claure and executive vice president Rajeev Misra would leave its board, in an effort to improve corporate governance by...
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YouTube’s Ad Revenue Falls Again; More U.S. Pressure on TikTok
A continued decline in YouTube ad revenue spells bad news for creators who earn money from the video-sharing site. On Thursday, Alphabet said YouTube’s ad revenue fell nearly 8% to $7.96 billion during the fourth quarter compared with the same period a year earlier. That’s the second straight quarter of decline.
Alphabet Revenue Growth Slowed Again in Q4
Amazon Plans to Close Some Grocery and Convenience Stores
Amazon Sees AWS Slowdown Lasting For Several Quarters
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