REUTERS: Deciding its first cases, Facebook Inc's oversight board ruled on Thursday that the social media company was wrong to remove four of five pieces of content the board reviewed, including posts Facebook took down for violating rules on hate speech and harmful COVID-19 misinformation ...
KKR & Co Inc aims to attract at least US$15 billion for its flagship North America private equity fund, which would make it the second largest amount raised for a fund managed by the U.S. firm, people familiar with the matter said on Thursday. Buyout firms are seeking to...
LONDON: Short-sellers are sitting on estimated losses of US$70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday. The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000per cent ...
Wall Street analysts on Thursday estimated Tesla Inc will hand over at least 50per cent more vehicles in 2021, a day after the electric carmaker disappointed investors by holding back on providing clear delivery targets.
Walmart Inc plans to expand its advertising business, adding space for ads at its U.S. stores and sharing its vast trove of shopper data with brands, the world's largest retailer said on Thursday, looking to challenge rival Amazon.com Inc as a media powerhouse.
Electric vehicle maker Faraday Future has agreed to go public through a merger with blank-check firm Property Solutions Acquisition Corp in a deal valuing the combined entity at US$3.4 billion, the companies said on Thursday.
BRUSSELS: The European Commission has told Google, Facebook, Twitter and Microsoft to continue monthly reports on their efforts to tackle fake news, especially on COVID-19, for another six months. Social media and online platforms have come under fire globally over the spread of fake news, leading ...
Germany's antitrust regulator said on Thursday it was extending the scope of its abuse proceedings against Facebook related to the links between its Oculus virtual reality products and the social media network.
American Airlines Group Inc reported an US$8.9 billion annual loss on Thursday, its biggest on record, as travel restrictions and lockdowns due to the COVID-19 pandemic ravaged the aviation industry in 2020.
Qualtrics International Inc was valued at over US$15 billion in its initial public offering, against the backdrop of a capital market frenzy that has seen investors flock to technology stocks.
