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. Β© Marco Bello/ReutersThe 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 Wonβt Back Down NYT: Technology By: Sapna Maheshwari 3 May 2024 at 14:04 Hundreds of marketers and ad agency types flocked to TikTokβs annual sales presentation after a new law put its future in question. Β© Olivier Anrigo/Getty ImagesBlake Chandlee, TikTokβs president of global business solutions, last June. In Manhattan Thursday, he said: βWe believe the facts and the law are clearly on our side and that we will ultimately prevail.β
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. Β© Karsten Moran for The New York TimesAmazon has been focusing on shipping products quickly by putting more items closer to customers. The companyβs cloud computing business is also growing.
There Is No TikTok in China, Only Douyin. Hereβs What It Is. NYT: Technology By: Claire Fu and Daisuke Wakabayashi 25 April 2024 at 09:05 ByteDance owns both TikTok and Douyin, and although TikTok has more users around the world, Douyin is the companyβs cash cow and a China mainstay.