Last Friday, shares of Luckin Coffee plunged on Nasdaq because of an anonymous report received and published by short seller Muddy Waters Research alleging the Chinese coffee chain fabricated some of its financial and operational figures. On Monday, Luckin Coffee issued a press release categorically denying all allegations in the report. “The methodology of the report is flawed, the evidence is...
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Microsoft Might Keep Losing in Search and Still Win
Could Microsoft win even if it loses in the next chapter of internet search? That was the question running through my head at an event in Redmond, Wash., earlier today, where Microsoft confirmed reporting from The Information and others when it announced it will remake its Bing search engine using artificial intelligence technology from OpenAI. The new and improved...
Goldman Sachs Asset Management Closes $5.2 Billion Growth Fund
Twitter’s Head of Revenue Strategy & Operations Departs
Meta Beginning Effort to Trim Managerial Ranks
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