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Facebook Helps Asia’s Richest Man Shed Dependence on Oil

Facebook Helps Asia’s Richest Man Shed Dependence on Oil

(Bloomberg) -- For decades, Mukesh Ambani’s empire has been supported by the energy flank he inherited from his father. But when Ambani faces shareholders at Reliance...
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Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020

Facebook Quarterly Earnings Doubled in Three Years and Hit $17.7bn in Q1 2020 With more than 2.6 billion monthly active users as of the first...
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Ambani’s Jio Gets $873 Million Investment From General Atlantic

Ambani’s Jio Gets $873 Million Investment From General Atlantic

(Bloomberg) -- trendBillionaire Mukesh Ambani extended his fund-raising streak for Jio Platforms Ltd. by selling an $873 million stake to General Atlantic, an early...
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Spotify, Venmo, Other iPhone Apps Briefly Crash for Some Users

Spotify, Venmo, Other iPhone Apps Briefly Crash for Some Users

(Bloomberg) -- A number of popular third-party apps for Apple Inc.’s iPhone were knocked out of service for some people for about an hour on...
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Zoom’s Good Week Ends on Sour Note After Facebook Crashes Party

Zoom’s Good Week Ends on Sour Note After Facebook Crashes Party

(Bloomberg) -- In another winning week, shares in Zoom Video Communications Inc. ended on a sour note after Facebook Inc. disclosed plans for a competing video chat...
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Zoom Being Sued For ‘Hiding Security Flaws’ But What Are These ‘Flaws’?

Zoom's video conferencing platform, saw its global users shoot up from 10 million in December to more than 200 million daily users in March. The...
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Facebook Is Buying Another Virtual Reality Game Studio

Facebook Is Buying Another Virtual Reality Game Studio

(Bloomberg) -- Facebook Inc. said it has acquired development studio Sanzaru Games to join the Oculus gaming group inside its virtual-reality division. Sanzaru has produced a number of...
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Alphabet Joins Apple and Microsoft in the $1 Trillion Club

(Bloomberg) --Alphabet Inc. hit a milestone on Thursday, as a rally in the stock took it above a $1 trillion valuation for the first...
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Will You Give Up Facebook for a Month & Help Economists Fix GDP

(Bloomberg) --Would you give up Facebook for one month in exchange for $50? The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a...
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Internet Disruptors of 2010s Are Today’s New Establishments

(Bloomberg Opinion) --Internet-enabled industry disruption defined business strategy in the 2010s, but as 2020 begins, that era appears to be winding down. The disruptors...
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