SoftBank Group said its net profit for the quarter through December dropped 98% from a year earlier when its profit got a boost from a global stock market rally. A drop in the shares of Alibaba, one of SoftBank’s most valuable holdings, hurt the net value of the Japanese tech investor’s assets. Over the past year, SoftBank has been hit hard by declines in the share prices of some of its key...
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The Briefing startups uber/lyft
Oscar Health’s New CEO Has a Tough Job—but Lyft’s New CEO Has It Worse
Mark Bertolini must be feeling pretty good. Since he was named the new CEO of Oscar Health on Tuesday, Oscar’s long-suffering stock has bounced 78%. OK, skeptics will point out that bounce was off a very low base—the stock was at $3.59 on Monday. And even after the rally, Oscar stock is still down 84% from its initial public offering price. But any stock lift is better than the alternative,...
Alphabet’s DeepMind and Google Brain Set Aside Rivalry, Target OpenAI
Startup Wiz Finds Critical Azure Flaw Tied to Bing Search
ByteDance Promoting Lemon8, New Community App in U.S.
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