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Before yesterdayMain stream

FTX Customers Poised to Recover All Funds Lost in Collapse

✇NYT: Technology
By: David Yaffe-Bellany
8 May 2024 at 14:25
Bankruptcy lawyers for FTX said customers of the cryptocurrency exchange were set to get all their money back, plus interest.

© Marco Bello/Reuters

The announcement was a landmark in the attempt to recover the $8 billion in customer assets that disappeared when FTX imploded.

TikTok, Facing US Ban, Tells Advertisers It Won’t Back Down

✇NYT: Technology
By: Sapna Maheshwari
3 May 2024 at 14:04
Hundreds of marketers and ad agency types flocked to TikTok’s annual sales presentation after a new law put its future in question.

© Olivier Anrigo/Getty Images

Blake Chandlee, TikTok’s president of global business solutions, last June. In Manhattan Thursday, he said: “We believe the facts and the law are clearly on our side and that we will ultimately prevail.”

Amazon Reports $143.3 Billion in Revenue for First Quarter of 2024

✇NYT: Technology
By: Karen Weise
30 April 2024 at 18:24
The company also reported that profit more than tripled, to $10.4 billion, topping Wall Street expectations.

© Karsten Moran for The New York Times

Amazon has been focusing on shipping products quickly by putting more items closer to customers. The company’s cloud computing business is also growing.
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