Japanese tech conglomerate SoftBank is considering a bid for the India assets of TikTok, the Chinese-owned app that is under assault in India and the U.S. Bloomberg said SoftBank is seeking local partners even though talks with India’s Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd. stalled. The Information reported last week that SoftBank was considering getting involved in the TikTok...
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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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