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...to do serious damage to the super-profitable business model of some Big Tech company....
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...I’m not sure if the second-tier social media companies are profitable, even when their revenues rise into the billions....
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...In another setback for Musk, two of his top lieutenants have left the company....
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...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
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...of the company’s account....
...“There is a shift in power among the top five companies, which will probably continue,” said Nabila Popal, research director at IDC....
...Enterprise software company SAP, meanwhile, unveiled a “company-wide transformation” in January that will include the axing of around 8,000 jobs as the company increases its focus on AI....
...Over the past 12 months, the KBW bank index has gained more than 20 per cent, compared with the 6 per cent increase for the regional banking index. The gap will persist. pan.yuk@ft.com...
...Buidl’s yield and BlackRock’s backing make it far higher quality collateral than a stablecoin issued by an unregulated far-off company....
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