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SPAC Just Another Acquisition withdraws $60M IPO plans
SPAC Rocket Global Acquisition withdraws plans to raise up to $115M in IPO
Microsoft Announces It Will Shut Down LinkedIn China Service and Launch a Job Search Site
Sina Tech News reported on the evening of October 14, Beijing time. According to reports, Microsoft announced today that it will shut down the LinkedIn China service. After that, Microsoft will launch a job search website in China, but it will not have LinkedIn's social networking features. Microsoft said in a statement, “Our new strategy in the Chinese market is to focus on helping Chinese professionals find jobs and helping Chinese companies find qualified candidates. We'll be launching 'InJobs' later this year. This is a new independent job search app for the Chinese market, and doesn't include features such as social feeds (feeds), sharing posts or articles.
Report says the US government is requesting user data more than any other country
According to a new report from internet security and technology company Techrobot, in 2020, the US government requested and received more user data from tech companies than any other country. The study analyzed Apple, Facebook, and Twitter's transparency reports from 2019 to 2020 and found that 15 countries saw an increase in requests for user data. In the first quarter of 2020 alone, the US made 6,6598 data requests, an increase of 21% over the previous year. Of these requests, 76% (about 50,000 pieces of information) were approved and shared by technology companies. A lot of Americans
The biggest tax evasion scandal in history! The Renaissance Fund may repay nearly $7 billion in taxes
Jim Simons (Jim Simons), one of the world's most successful investors and founder of hedge fund Renaissance Technology, has just experienced a rare defeat. Under a settlement agreement between Renaissance Technology and the IRS, Simmons and several of his colleagues will pay back billions of dollars in taxes, interest, and fines to settle one of the biggest tax disputes in US history. Renaissance CEO Peter Brown (Peter Brown) disclosed the settlement agreement in a letter to investors on Thursday, although the letter did not reveal the specific settlement amount
The S & P 500 is expected to have its biggest weekly gain since April, helped by easing inflation concerns.
As inflationary pressures ease and confidence in fiscal stimulus returns, the S & P 500 is heading for its biggest weekly gain since April. The index hit a new intraday high, up 0.3% as of 1015 / 04 New York time. Eight of the 11 major sectors rose, led by the financial sector. The Nasdaq 100 and the Nasdaq Composite Index, which closed at a record high on Thursday, were basically flat. Nike rose to a record high after reporting strong results. FedEx fell as its performance outlook was lower than expected.