The U.S. Justice Department on Wednesday asked two federal appeals courts to put on hold government appeals of lower court rulings blocking restrictions the Trump administration imposed on Chinese-owned app TikTok.
Facebook Inc is building a new audio chat product similar to audio-based social network Clubhouse, the New York Times reported on Wednesday, citing people familiar with the matter.
Facebook Inc may have paid US$4.9 billion more than the maximum penalty it faced under a settlement agreement with regulators related to allegations it mishandled user privacy, according to a Wednesday court ruling.
Uber Technologies Inc on Wednesday said revenue at its ride-hail and delivery businesses increased on a quarterly basis and said it was well on track to achieve its target for an adjusted profit by year-end.
Twitter Inc Chief Executive Jack Dorsey said Wednesday the company is exploring allowing its users to receive tips, or digital payments, from their followers.
Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data and comments from the Federal Reserve chief affirming the outlook for a slow recovery.
Shares in cannabis companies blazed to fresh highs on Wednesday, as strong interest from retail investors appeared to signal the recent trading frenzy behind recent Reddit favorites such as GameStop may be shifting to other stocks.
Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
Lockdowns and concerns over safety initially affected businesses in the sharing economy, but they have since re-aligned their priorities, says SUSS’ Dr Wang Yue.
Best Buy Co Inc has notified employees that it will be cutting some jobs at its stores, the Wall Street Journal reported on Wednesday, citing people familiar with the situation.
