Tuesday, December 5, 2023

Foxconn reports November revenue up 18% YoY to ~$20.6B, the first YoY improvement since January 2023, and forecasts Q4 revenue to be better than expected (Jane Lanhee Lee/Bloomberg)

Jane Lanhee Lee / Bloomberg:
Foxconn reports November revenue up 18% YoY to ~$20.6B, the first YoY improvement since January 2023, and forecasts Q4 revenue to be better than expected  —  It was the first year-on-year improvement in monthly results since January, helped by a comparison to last year's disruptions by Covid Zero lockdowns in China.



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Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of using age inference to determine users' ages (Mizy Clifton/Politico)

Mizy Clifton / Politico : Ofcom launches a probe into TikTok over Online Safety Act compliance, citing doubts about the effectiveness of ...