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Flagship fund is down nearly 17% in 2024 while its outflows have totalled more than $1.8bn
...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...It added that “it would appear to exceed CFO salaries at the majority of the Company’s market capitalisation peers”....
...Sweeney, a video games programmer, founded Epic in 1991. The company, which makes the popular game Fortnite, is now valued at more than $30bn....
...Instead, it licenses it to other companies through contracts that were the focus of Epic’s case....
...Epic’s victory this week vindicates Sweeney’s persistence....
...of the company’s account....
...The EU’s executive arm had expressed concerns that Apple’s move to kick Epic Games from its App Store could violate the Digital Markets Act, a new law aimed at curbing the power of the biggest tech companies...
...He also came under intense grilling by Epic lawyer Lauren Moskowitz about the company’s policy of deleting internal employee messages....
...Epic argues that the app store margin is far higher. Three years ago, gaming company Epic attempted to swerve the charges. In response, Apple and Google removed its Fortnite app from stores....
...That resulted in a saving that was too small to justify using an alternative payment company, according to Epic....
...But the real problem may be that the company simply got greedy. If it had levied a toll on developers of less than 30 per cent, it might have avoided legal dust-ups....
...The announcement of the terms of the settlement, which was reached in September, comes after Epic Games, the maker of popular online game Fortnite, won a related case against the tech company last week....
...The US Supreme Court has declined to hear appeals in an antitrust lawsuit between Apple and Fortnite developer Epic Games, a blow to both companies as each hoped aspects of a previous decision would be struck...
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...Epic deliberately bypassed Apple’s in-app payment mechanism for its popular Fortnite game in protest at a 30 per cent fee the company charged on digital purchases....
...“It’s like reading up on a new company.” His intention was to form “a personal take on Nordic modernism. Slightly less figuration....
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
...A US federal jury on Monday found against Google in a lawsuit brought by Epic, the company behind popular video game Fortnite....
...A federal jury on Monday found against Google in a lawsuit brought by Epic, the company behind popular video game Fortnite, which accused the search giant of suppressing competition in the Android app market...
...The deal, which will mark a two-thirds expansion of Citadel’s London office space, comes after Griffin has expressed concern about how hybrid or working-from-home practices can hurt a company’s culture....
...He deftly captures the hypocrisy of the venture when assessing the directors of the 17th-century Dutch trading company that oversaw it in its early years....
...Companies with high dividend payouts are about to get much more attractive. Lex recommends taking a look at telecoms....
Poll comes as US regulators review Steve Cohen-backed proposal for a 24/7 exchange
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
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