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Israel-Hamas war
Ben & Jerry’s calls for permanent ceasefire in Gaza
...The board of Ben & Jerry’s said it had made its decision to call for a ceasefire independently of Unilever, pointing out that it is an autonomous subsidiary of the consumer goods conglomerate and that the...
January 16, 2024
TikTok Inc
TikTok’s US revenues hit $16bn as Washington threatens ban
...ByteDance as a whole is on track to overtake Facebook owner Meta as the world’s largest social media company by sales....
March 15, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
March 7, 2024
UnhedgedRobert Armstrong
Valuing Reddit is hard Premium content
...Facebook was already generating cash profits in 2009, and its growth rate was much higher, but Reddit is generating many more dollars per user than Meta was back then....
March 27, 2024
Leveraged loans
Lenders can still get J Screwed
...Feng’s proposed solution is to put a hard-dollar limit on asset transfers to unrestricted subsidiaries, which would dodge the problems of materiality and asset type altogether....
February 12, 2024
Artificial intelligence
Biggest tech companies pledge to fight AI-created election ‘deepfakes’
...Meta also said in February that it would start labelling AI-generated images that users post to Facebook, Instagram and Threads “in the coming months”....
February 16, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
TikTok Inc
Biden says he supports bill to ban TikTok from US app stores
...“If you get rid of TikTok, Facebook and Zuckershmuck will double their business,” Trump wrote on Truth Social, in a reference to Meta chief executive Mark Zuckerberg....
March 8, 2024
EU tech regulation
EU probes Apple, Meta and Alphabet under landmark new law
...The European Commission, the bloc’s executive arm, announced official probes on Monday into whether Apple and Google owner Alphabet were unduly favouring their own app stores, as well as Facebook owner Meta...
March 25, 2024
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
Elon Musk sues OpenAI and Sam Altman over multibillion-dollar alliance with Microsoft
...“OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” wrote Musk’s lawyers in a filing issued to a San Francisco court on...
March 1, 2024
AI and jobs
Tech companies axe 34,000 jobs since start of year in pivot to AI
...Anybody working in tech or games right now is worried about lay-offs to some degree, either for themselves or someone they know,” said Autumn Mitchell, a quality assurance tester at Microsoft video game subsidiary...
February 11, 2024
Meta Platforms
Meta launches AI chatbots for Instagram, Facebook and WhatsApp
...Meta is launching artificial intelligence-driven persona chatbots across Instagram, Facebook and WhatsApp and giving developers the power to create their own versions of AI assistants, as the US tech giant...
September 27, 2023
LexIPOs
Reddit IPO targets low float and low valuation Premium content
...Reddit, founded one year after Meta, was slow to attract advertisers and move to mobile, launching an app eight years after Facebook’s....
February 6, 2024
Unhedged
What Big Tech antitrust gets wrong Premium content
...That strikes me as wrong, particularly when you look at the number of people who switch back and forth between Facebook and Twitter....
January 19, 2024
Disrupted Times
Brussels blasts Big Tech
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
March 25, 2024
Hannah Murphy
Why AI conspiracy videos are spamming social media
...A report published this week by Stanford and Georgetown University researchers found more than a hundred AI-generated spam pages flooding Facebook feeds with sometimes hyper-realistic, sometimes bizarre...
March 21, 2024
FT Live
Infrastructure Investment in Latin America and the Caribbean
Identifying opportunities for investors and asset managers
Wednesday, 12 June237 Park Avenue, New York, NY, USA
LexApple Inc
For Apple, a €1.8bn EU fine is just the start Premium content
...It will allow users in Europe to access rival app stores and payment systems on smartphones and tablets, for example, in a process called sideloading....
March 5, 2024
Unhedged
Valuing Reddit, take 2 Premium content
...My experience with trying to extrapolate forward from the early days of Google and Facebook taught me that trying to see into the future of industries characterised by massively increasing returns to scale...
March 28, 2024
LexWalmart Inc
Walmart is coming for your TVs Premium content
...While the duopoly of Google and Facebook parent Meta still rules the $270bn US digital advertising market, a window has opened up for traditional retailers to grab some of that market share....
March 2, 2024
Reddit Inc
Reddit aims to raise more than $500mn in IPO
...Reddit was founded in 2005 and acquired by Condé Nast a year later. The company was spun out as an independent subsidiary by Advance Publications, Condé Nast’s parent, in 2011....
March 11, 2024
News in-depthMedia
‘Way too much news’: US conservatives face a fragmented media map
...Facebook, which became the hot centre of conservative politics in 2016 and 2020, has systematically de-prioritised the news....
March 12, 2024
TikTok Inc
ByteDance’s US investors weigh options as bill to ban TikTok advances
...While US investors hold significant stakes in ByteDance, founder Zhang Yiming has shares with special voting rights that give him control of the company and its subsidiary TikTok....
March 15, 2024
Mondelez International Inc
Mondelez chief says investors do not ‘morally care’ if groups stay in Russia
...Carlsberg’s Russian subsidiaries were seized by the Kremlin last summer and placed under “temporary management”....
February 22, 2024
News in-depthEvergrande Real Estate Group
Evergrande liquidation to test Hong Kong’s legal reach in mainland China
...“You’d imagine a lot of these subsidiaries on the mainland have their own creditors and bank debt, so a lot of them could themselves be insolvent and not really able to deliver any value up the structure...
January 30, 2024
Camilla Cavendish
We must stop the smartphone social experiment on our kids
...In 2022, a third of American teens said they were using at least one of YouTube, TikTok, Instagram, Snapchat or Facebook “almost constantly”....
March 29, 2024
Baring Asset Management Ltd
Barings sues Nomura-backed private credit firm over ‘one of largest corporate raids’ in years
...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
March 18, 2024

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