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...Europe’s most valuable company with a market capitalisation of DKr4.1tn ($602.7bn) also said it expected China to approve Wegovy for sale later in 2024....
...Revolut has hired Inam Mahmood, former head of ecommerce partnerships at TikTok UK, to lead a sales team of about 30 people for its so-called media strategy....
...“Many of these firms entered the space when the hype cycle was at its peak,” he said. “It’s either figure out a way to survive, or give up and find a way to get out.”...
...In contrast, Apple investors have been spooked by weaker sales in China and Tesla was hit by a warning about slowing growth....
...But for all the hype, a number of obstacles need to be overcome for green H2 to take off in the South American country....
...High-priced dealmaking failed to yield compensatory sales growth, cost savings or serious disruption to incumbent banks or payment networks....
...February sales had been weak, down 3.8 per cent year on year, so there was already widespread acceptance that three years of near-continuous growth had exhausted this hype cycle....
...In February, the UK pharmaceuticals company hit a long-term sales target that once seemed out of reach....
...Ticket scams are a type of purchase fraud that often trick victims into buying fake or non-existent items for sale on social media and online marketplaces....
...AI hype: DeepMind co-founder Sir Demis Hassabis tells the FT that money flooding into artificial intelligence has resulted in some crypto-like hype and “grifting” that clouds the field’s “phenomenal” scientific...
...Raising this will bump revenues up even if sales volume declines....
...In AI hardware, old technology adaptation will trump early-mover hype....
...For all the excitement over artificial intelligence, I’d wager that most investors would struggle to identify many sectors where there is hard financial evidence of it helping businesses boost sales or improve...
...EV sales jumped last year, then dipped....
...Sales growth is set to stay soft because of both the smartphone replacement cycle and weak sales in China....
...That follows earlier sales of about 12mn shares, also totalling roughly $2bn, last week, filings show. 2....
...Investor hype has sent its share price up more than 60 per cent over the past 12 months, boosting its market value to $3tn. It overtook Apple as the world’s largest company this month....
...The deal comes after a turbulent year for the Paris-based payments group, whose market value dropped 60 per cent in one session last year after the company downgraded its annual sales outlook....
...Is the investment excitement around AI all hype and hope? It is exciting, but it is not new to many investors....
...In 1982, when Nike signed with W+K, its annual sales were $694mn. Nearing the end of the decade, sales were $1.2bn. Last year, they exceeded $50bn....
...In the meantime, the AI hype is encouraging tech giants such as Microsoft to develop their own chips that could compete with Intel processors....
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
...“We’re not just a hype on TikTok.” The group acquired the UK maker of Nakd and Trek bars in 2015 as part of a push into healthier snacks....
...Yet, much like EVs, autonomous vehicles have suffered a reality check following years of investment and hype....
...After the hype of initial public offering roadshows, the reality of a company’s first set of quarterly earnings can be a let-down. Slowing growth tripped up Facebook. High losses weighed on Etsy....
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