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...Apple said it had removed Meta mobile communications applications WhatsApp and Threads from its online store in China under direction from the country’s internet regulator....
...top-five shareholder in struggling Covid-19 vaccine maker Novavax is calling for an “urgent shake-up” of the board and an overhaul of its sales strategy, as the stock is down 99 per cent from its pandemic peak...
...At its peak in 2000, market capitalisation reached $76bn. This was a year in which revenues hit $700mn. By 2002, the equity value had fallen to less than $2bn....
...The ephemeral nature of the public internet is mirrored by the fragility of digital record-keeping....
...TripAdvisor, the internet company whose backers include media mogul Greg Maffei, recently held a vote to move to Nevada, which unaffiliated shareholders overwhelmingly rejected....
Cryptocurrency down 16% from its peak as net fund flows turn negative
...The deal values Stripe at $65bn, which is higher than its $50bn valuation a year ago — but far below its peak value of $95bn in 2021....
...Xiaohongshu is backed by big name venture capitalists including HongShan and GGV Capital, and internet giants Alibaba and Tencent....
...Add to this AI without guardrails, and the internet becomes far more “dystopian”, he continues. Act now, or “we are the monkeys . . . sitting there swiping while our AI overlords” watch on....
...Byju’s woes are a blow to India’s tech sector, which has grown to become the world’s third-largest thanks to the country’s large population and widespread internet adoption....
...Some airlines will not have enough planes to meet demand for the peak summer travel season. Delta Air Lines is the notable outlier. It is the top performing US airline stock over the past year....
...I realised this after talking to Dan Salmon of New Street Research, who made the sensible point to me that the internet has changed a lot in 15 years....
...A distinct characteristic of PMI peaks in the US is the tendency for markets to continue rising, albeit at a slower pace following the peak....
...On Friday the company was trading at $33.92 after soaring over the past two days, but the price remains well below its intraday peak of $79.38....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...Back in December, the shares hit 32 times trailing earnings, a peak only touched a few times in the past 10 years and only surpassed in the post-pandemic giddiness of 2021....
...Tesla’s market capitalisation has fallen by nearly 30 per cent this year to about $560bn, compared with more than $1tn at its peak....
...Internet service providers would be compelled to block access to TikTok on the web....
...Industry insiders said the move to help AI start-ups pay for computing costs comes after internet companies with cloud computing services cancelled contracts, as stricter US controls prompted them to “hog...
...Telecom gear stocks such as Cisco surged more than 30-fold in the years to its 2000 peak....
...The evidence of harm to America’s adolescents of spending an estimated seven to nine hours a day on the internet, most of which is swallowed by social media apps, is now beyond doubt....
...Sales of Nike and Adidas clothing have yet to return to their 2021 peak. A recent McKinsey report showed a growing preference among Chinese consumers for local brands....
...While Microsoft and Google have largely focused on delivering chatbots and other generative AI services over the internet from their vast cloud computing platforms, Apple’s research suggests that it will...
...The exception is the Nifty 50 bubble of the early 1970s, which compressed a crash, a peak and another crash into roughly three years. Something similar might be happening now, UBS argues....
...Carvana was formed as the internet spinout out of a conventional used car dealership chain named DriveTime, which had been founded by Garcia’s father and based in Phoenix, Arizona....
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