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...One document circulated among some TikTok staff last year suggests that “high power distance” — the acceptance of hierarchical power as part of society — is common in China....
...He has sent letters of complaint to the Internal Revenue Service, the Department of Labor and the Securities and Exchange Commission about ByteDance’s handling of share awards....
...Brookfield is one of the world’s largest developers of renewable power; its US-listed company Brookfield Renewable has about 33GW of operating renewables assets around the world, including wind, solar and...
...It recorded a net loss of almost $91mn in 2023....
...In March, Reddit sold $748mn worth of shares priced at the top of its projected range, and its stock soared on its first day of trading on the New York Stock Exchange to close 48 per cent above its listing...
...Actor Hugh Grant accused Apple of “the destruction of the human experience courtesy of Silicon Valley” on X....
...Earlier this week, TikTok and its parent ByteDance filed a lawsuit against the US government, challenging a law designed to force a sale or ban of the app....
...In a petition, filed with the US Court of Appeals for the District of Columbia Circuit and posted on its website, TikTok claimed that the law was unconstitutional, breaching First Amendment free speech rights...
...Microsoft is now worth more than $3tn compared with Alphabet’s of market cap of slightly less than $2tn....
...“egregious breach of its contractual obligations” in the past....
...to AI and the tens of thousands of GPU chips required to train the models....
...At the start of the year it also settled a dispute over its $11bn takeover of Pilot Flying J, a truck stop chain....
...second half of 2025”....
...TikTok has become a big source of news in the US: a third of adults under the age of 30 say they get their news from the platform, according to Pew Research....
...“Doesn’t that tell us all we need to know in terms of barriers of entry?” he asked....
...The financials and AI investment plans of Google and Microsoft had been in particular focus in light of the experience of rival Meta....
...The urgency of the shift was underlined by Tesla reporting a decline of almost 10 per cent in revenues in the first quarter of this year, its first year-on-year quarterly drop since the start of 2020....
...The San Francisco-based company has spent years working to improve and grow its core rentals business, including by rolling out features designed to improve the experiences of users and hosts....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...The pricing strategy has hit Tesla’s residual values, the projected value of a vehicle at the end of a lease and a key input into the cost of leasing....
...“Apple has a pattern of increasingly non-transparent disclosure practices, and we rate them worst in class in terms of quality of disclosure among the major tech platforms,” said Nicholas Rodelli at CFRA...
...“Microsoft remains ahead of the curve in this massive new cycle.” Additional reporting by George Steer in New York, George Hammond in San Francisco and Philip Stafford in London...
...The San Francisco-based company reported operating profit of $172mn for the first three months of the year, compared with analysts’ forecasts for more than $600mn....
...Levy said he expected “modestly negative” free cash flow, which would be the first quarter of negative cash since the start of 2020....
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