SoftBank founder Masayoshi Son has told the company’s top executives to slow down investments, as the Japanese investment giant tries to raise cash amid a global stock market turmoil, the Financial Times reported. Son’s message to the executives at a recent meeting came at a challenging time. The volatility of tech stocks in recent months has hurt the value of SoftBank’s vast portfolio, and...
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TikTok CEO Goes to Washington With a Disparate Band of Allies
TikTok is one of the most popular entertainment services in the U.S., used monthly by nearly half of the population. Yet as the app battles for its life, it has remarkably few allies to provide support. Even those that directly benefit from TikTok, such as music labels and creators, have mixed feelings about TikTok, largely because they say it doesn’t pay its partners enough. That’s...
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