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Facebook and Instagram will let users hide likes on posts

Facebook's photo-sharing app Instagram is launching the option for users globally to hide like counts on posts and the change will soon roll out on Facebook, after years of tests focused on lessening the pressure of using their services.

Markets

SoftBank Vision Fund 2 leads US$775 million investment in Perch

SoftBank Group Corp's Vision Fund 2 has led a US$775 million investment in Perch, a technology firm that buys and operates third-party brands that sell their products on Amazon.com Inc.

Markets

Gamestop, AMC short sellers lost US$754 million after Tuesday’s rally – Ortex

Investors shorting meme stocks GameStop and AMC Entertainment are estimated to have lost US$754 million on Tuesday alone as the shares rallied, data from financial analytics firm Ortex shows.

Markets

Coherent policy framework will enhance macroeconomic and macro-financial stability: Ravi Menon

DEVELOPING effective policy instruments and using them in a coherent fashion will improve macroeconomic and macro-financial stability, making financial globalisation safer, said managing director of the Monetary Authority of Singapore (MAS), Ravi Menon.

Markets

Kodiak targets driverless trucks in 2023, considers joint venture with SK

BERKELEY, California: U.S. self-driving truck startup Kodiak Robotics Inc is looking into a joint venture with the holding firm of South Korean conglomerate SK Group to gain a foothold in the Asian market, its co-founder told Reuters. The startup, launched three years ago by Don Burnette, a ...

Markets

China to further support smaller firms – state media

China will further support smaller firms as they still face difficulties including surging raw material prices, state TV cited the country's cabinet as saying on Wednesday.

Markets

China’s crypto crackdown speeds shift to central Asia, North America mining

A crackdown by Beijing is rapidly accelerating a shift in focus by makers of machines that 'mine' cryptocurrencies like bitcoin from China to North America and Central Asia as Chinese clients face an uncertain future.

Markets

US a top target for foreign and domestic influence operations, says new Facebook report

The United States topped a list of the countries most frequently targeted by deceptive foreign influence operations using Facebook between 2017 and 2020, the social media company said in a new report released on Wednesday.

Markets

China’s Pinduoduo beats quarterly revenue estimates

Chinese e-commerce platform Pinduoduo Inc's quarterly revenue beat Wall Street estimates on Wednesday, driven by steady demand for online shopping following the COVID-19 pandemic.

Markets

Iran bans cryptocurrency mining for 4 months amid power cuts

Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly 4 months, President Hassan Rouhani said on Wednesday, as the country faces major power blackouts in many cities.

Markets

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