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The Ford Foundation does provide money to further social justice. The Ford company does make police vehicles. The notion that the two have some connection is false.
Rumors are that the deal primarily allows Oracle to host TikTok on its cloud computing platform. If so, the term "sale" would be out of place.
AMC Entertainment Holdings Inc. (NYSE: AMC) will reopen 140 theaters this week. Once they are open, about 70% of its locations nationwide will emerge from the shutdown caused by the COVID-19 crisis....
One reason the New York Post is unusual is that it is still very large by U.S. newspaper standards. Rupert Murdoch has funded the city-based daily paper despite a multiyear string of losses.
Trump administration fickleness may be the reason TikTok is not sold. That means a positive outcome for the video-sharing network in the United States is still in question.
According to several media reports, Kevin Mayer, who had been head of TikTok for three months, has walked out on his co-workers.
The pandemic may not have killed the traditional movie industry, but it has wounded it beyond repair.
Over 17 million people may not be able to attend NFL games this season. The stadiums will be quiet. People will have to watch on TV.
AMC Entertainment will offer admission to some of its theaters for 15 cents. The challenge the company faces is that there is a chance people will get sick with COVID-19 there.
At more and more papers, the newsroom is gone entirely. That may further undermine the future of newspapers, even if it saves what has become very precious money.
Facebook has announced that almost all of its 48,000 employees will work from home until July 2021. However, they may not want to.
Japan-based Nintendo blew past revenue and profit estimates in its first fiscal quarter of 2021. Profit increased by more than five times and revenue more than doubled year over year.
Streaming video firm Roku reported a second-quarter net loss of $0.35 per share and $356 million in revenue compared to consensus estimates calling for a net loss of $0.50 per share and $315 million...
COVID-19 has hit Disney so hard that its market cap has dropped to less than $215 billion. Netflix now has a market cap near $225 billion.
Disney posted a surprise $0.08 in earnings per share (EPS) and $11.78 billion in revenue in the second quarter. Analysts were expecting a net loss of $0.64 per share and $12.39 billion in revenue.