Wednesday, February 24, 2021

Facebook Pledges $1 Billion for News, Defends Australia Blackout

Facebook pledged to invest at least $1 billion (roughly Rs. 7,230 crore) to support journalism over the next three years as the social media giant defended its handling of a dispute with Australia... https://ift.tt/2PdIPyt
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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...