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TOKYO (Reuters) – SoftBank Group Corp (9984.T) is seen booking a 75% first-quarter profit plunge on Tuesday, albeit making a return to profitability, as the coronavirus outbreak continued to weigh on the tech bets of CEO Masayoshi Son’s $100 billion Vision Fund. The Japanese conglomerate is expected to record operating profit of 171 billion yen ($1.62 billion) for April-June, showed […]
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(Reuters) – Facebook Inc (FB.O) will allow employees to work from home until July 2021 due to the coronavirus outbreak and will give them $1,000 for home office needs, a spokeswoman for the social media giant said on Thursday. The company joins other big technology firms that have taken similar steps recently. Late in July, Alphabet Inc’s (GOOGL.O) Google said […]
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Samsung held its Samsung Galaxy Unpack 2020 event online this year, unveiling five new premium devices, including the new Galaxy Note 20 and upgraded Note 20 Ultra, its Galaxy Tab S7 and S7+ tablets, The Galaxy Watch 3, newly designed Galaxy Buds Live, and the latest addition to the Galaxy Fold series, the Galaxy Z Fold 2. Samsung pushed heavy […]
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(Reuters) – Uber Technologies Inc said demand for its food-delivery service more than doubled in the second quarter as many users remained largely homebound, while demand for ride-hailing trips was only marginally recovering from pandemic rock-bottom. The company said that despite those larger challenges it is sticking to its goal of being profitable on an adjusted basis before the end […]
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The latest addition to Instagram is called Reels, a function allowing users to record, edit and publish bite-sized videos in a way not dissimilar to rival TikTok. Instagram Reels last up to 15 seconds and can be augmented with special effects, filters and separate audio. Although at first glance Reels resemble Instagram Stories, there are a few key differences and […]
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When Kevin Hart teamed up with Lionsgate back in the summer of 2017 to launch Laugh Out Loud Network, the idea was to create an owned-and-operated streaming home for comedy content, with subscriptions a big piece of the revenue pie. As it happened, that was right around the time NBCUniversal pulled the plug on Seeso, its own comedy roll-up SVOD […]
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(Reuters) – Federal Reserve Governor Lael Brainard laid out the framework for the central bank’s instant payments system on Thursday, saying the Fed’s plans call for getting the system online as fast as possible. Brainard said the launch of the payments system is still expected in 2023 or 2024, but the Fed is prioritizing developing key aspects of the program […]
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(Reuters) – Federal Reserve Governor Lael Brainard laid out the framework for the central bank’s instant payments system on Thursday, saying the Fed’s plans call for getting the system online as fast as possible. Brainard said the launch of the payments system is still expected in 2023 or 2024, but the Fed is prioritizing developing key aspects of the program […]
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The situation at Condé Nast’s Bon Appétit remains in flux, following the June ouster of editor-in-chief Adam Rapoport after allegations of racial discrimination at the food-media brand and a photo of Rapoport in brown-face circulated online. The media and publishing company announced that Sonia Chopra, former head of Vox Media’s Eater, is joining Bon Appétit as executive editor. Meanwhile, three […]
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Talk about a bad [bleep] Addison Rae! The future of TikTok may be uncertain — as the Chinese-owned app’s forced sale talks with Microsoft continue — but the the most popular influencers on the platform have reaped a huge haul from their short-form celebrity. Addison Rae leads a new list of the top-earning TikTok stars, generating income of about $5 […]
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