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Unity discovers how real the revenue struggle is
Virtual reality gears from Pico are displayed on the sidelines of the Olympic Esports Week in Singapore June 23, 2023. REUTERS/Edgar Su Acquire Licensing Rights NEW YORK, Sept 13 (Reuters Breakingviews) – Unity Software (U.N) is finding out just how hard the revenue game will be. The $14 billion company’s new plan to climb out …
LinkedIn cuts over 700 jobs, exits China app as demand wavers
May 8 (Reuters) – LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins …
Twitter makes first interest payment on Musk buyout debt – Bloomberg News
Jan 30 (Reuters) – Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter. Twitter paid a group of seven banks, led by Morgan Stanley, …
Enjoy Technology, led by ex-Apple and JC Penney executive Johnson, files bankruptcy
June 30 (Reuters) – Enjoy Technology Inc (ENJY.O), a Silicon Valley retailer led by former Apple Inc (AAPL.O) and JC Penney Co executive Ron Johnson, filed for bankruptcy protection on Thursday, fewer than nine months after going public through a special-purpose acquisition company (SPAC). The Palo Alto, California-based startup said it plans to sell its …
Musk says he would reverse Twitter ban on Donald Trump
May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse Twitter’s ban on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet of Musk’s intention to cut moderation of the site. Musk, the world’s richest person and chief executive of electric vehicle maker Tesla Inc …
Comedian Dave Chappelle attacked on stage at Hollywood Bowl
LOS ANGELES, May 4 (Reuters) – Comedian Dave Chappelle was attacked on stage on Tuesday night at the Hollywood Bowl in Los Angeles by an assailant who tackled him to the ground before being apprehended and arrested, video footage verified by Reuters showed. The New York Times reported that Chappelle, 48, left the stage following …
Panic buying in Beijing as district starts mass COVID testing
Beijing kicks off first of three rounds of mass testing in populous district Mass testing fuels concerns of shortages of food, supplies Chinese stock market down on fears Beijing may join Shanghai in lockdown BEIJING, April 25 (Reuters) – Beijing residents snapped up food and other supplies as the city’s biggest district began mass COVID-19 …
Apple upgrades low-end iPhone SE with 5G, and high-end Mac Studio computer with faster chip
Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts Register now for FREE unlimited access to Reuters.com Register NEW YORK, March 8 (Reuters) – Apple Inc (AAPL.O) on Tuesday added 5G connectivity to its low-cost iPhone SE and iPad Air and introduced …
Breakthrough gene-editing technology belongs to Harvard, MIT -U.S. tribunal
The Harvard College arms sits atop a gate into Harvard Yard at Harvard University in Cambridge, Massachusetts January 20, 2015. REUTERS/Brian Snyder Register now for FREE unlimited access to Reuters.com Register Feb 28 (Reuters) – A U.S. tribunal overseeing patent disputes ruled on Monday that patents on the breakthrough gene-editing technology known as CRISPR belong …