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Insiders say ByteDance exerting increasing influence over platform despite US pressure over ownership
Proposed investment by Elon Musk’s company comes ahead of elections
...TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned.Three people with knowledge of its finances said the app, owned by Beijing-based...
Familiarity bias can work both ways for investors
Sales have recovered from the pandemic, but valuations are sluggish
Internet regulator orders delisting of two Meta-owned apps over ‘national security concerns’
...Splits more likely serve as what Brad Cornell, emeritus professor of finance at UCLA, dubs “behavioural catalysts” or what the academic trio call the “attention grabbing hypothesis”....
Credit card holders accustomed to fancy perks are in for a rude awakening
Investors should take a hard look at the core retail business and reset their expectations accordingly
...Cracks show in Thames Water’s financial plumbing The supposedly bulletproof capital structure used to finance Thames Water isn’t looking so solid.The finances backing the UK’s largest water utility and...
The gaming giant once made as much as 5% of its total sales from Blizzard games
Sellers will be able to charge different prices to consumers based on the card they use
...It bought personal finance company Credit Karma for $8.1bn in 2020 and email marketing provider MailChimp for $12bn in 2021. But it is Intuit’s talk of AI that is bringing out the Wall Street bulls....
The chipmaker’s latest purchase makes sense, but the country’s success rate for M&As is lacklustre
...his political spending, laying out more than $46mn for Republican candidates and making him the largest donor of this election cycle, according to OpenSecrets, a non-profit organisation tracking campaign finance...
Approach for Aloha state carrier seems timed to gain from a rally in the currency but there are factors working against that too
Can the social media platform’s text-based, user-generated boards thrive in the public markets?
...The finance ministry said China’s debt was under control, while hidden debt — local government’s off-balance sheet liabilities — was also declining....
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Good governance is not necessarily a guide to a company’s environmental credentials
Delegates at annual Communist party meeting spurn iPhones for homegrown handsets
BlackRock chief’s annual letter also embraces ‘energy pragmatism’ amid attacks over climate stance
...“We are going to have a ‘world is not flat’ moment, when asset managers are going to realise we are not prepared to help people draw down,” said Bill Meyer, CEO of Retiree Inc, a retirement planning software...
...Deals reliant on bank finance basically collapsed. It’s not that the funding wasn’t available. It’s more that leveraged buyouts don’t work so well when the cost of debt doubles....
Americans account for 14% of users but their revenue contribution will be higher
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