China’s senior officials have objected to proposed punishments for Didi Global submitted by the country’s internet regulator and asked for revisions, creating more uncertainties in the troubled ride-hailing giant’s future plans, Bloomberg reported. Last weekend, Didi said it would hold a shareholder vote on May 23 to approve its delisting from the New York Stock Exchange. The company has no...
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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...
Tiger Global Reportedly Lowers Fundraising Target
Meta Platforms’ Revenue and Profit Fall in Q4
Checkout.com Shuffles Executives to Double Down on U.S. Expansion
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