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...Peter Thiel, Jeff Bezos and Mark Zuckerberg are leading a parade of corporate insiders who have sold hundreds of millions of dollars of their companies’ shares this quarter, in a signal that recent stock...
...Microsoft is now worth more than $3tn compared with Alphabet’s of market cap of slightly less than $2tn....
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...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....
...“egregious breach of its contractual obligations” in the past....
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
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...“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...
...A total of 138 tech companies have laid off staff this year....
...could “jeopardise the integrity of electoral processes”....
...Electrek, the tech publication, first reported news of the job cuts. Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...Apple said it spent “months in conversation with the European Commission” about the DMA, and that its plan reflects the work of “hundreds of Apple team members who spent tens of thousands of hours” on the...
...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....
...Stripe, which is based in San Francisco and Dublin, was Silicon Valley’s most feted start-up as it rode frothy private markets to secure investments from top venture funds....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...Reddit’s listing is seen as a potential litmus test of how aggressive or cautious banks will be in a jittery IPO market and what balance of institutional and retail investors it attracts....
...Apple and Tesla are the latest foreign companies to feel the pain of China’s shift towards local brands. Sales of Nike and Adidas clothing have yet to return to their 2021 peak....
...But a revival of the Oracle deal might not be out of the question if Trump, who is close to its executive chairman Larry Ellison, returns to power....
...The core of the claim is that Apple uses its market-leading device to draw a growing share of services revenue from users, excluding competitors from access....
...Ahead of Wednesday’s announcement, one former senior TikTok staffer who had been based in Europe said that the lack of liquidity for ByteDance’s employee shareholders was having “magnitudes of impact on...
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