SoftBank is set to report hefty losses for the quarter through March due to the sharp declines in the values of tech companies in its vast portfolio, according to Bloomberg, Reuters and The Wall Street Journal. SoftBank will release its quarterly results Thursday. The global stock market turmoil has dealt a severe blow to the world’s largest tech investment firm. SoftBank’s Vision Fund, for...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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