Topic: bloomberg reporting
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Microsoft's Xbox Price Hikes, Studio Closures Driven by Profit Goals
Microsoft's Xbox division is implementing price increases, studio shutdowns, and layoffs to meet a new corporate mandate for a 30% profit margin, set by CFO Amy Hood in late 2023. This target is significantly higher than the industry's typical 17-22% margin and more than double Xbox's 12% margin ...
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Google to Let Superfans Test Unreleased Pixel Phones
Google is launching a "Trusted Tester program" for fifteen Pixel Superfans to test and give feedback on an unreleased Pixel phone, marking a shift in product testing and community engagement. Participants must sign NDAs and use the prototype in special cases to hide its design, as Google embraces...
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Apple Seeks Dismissal of Musk's OpenAI Lawsuit
Apple is seeking dismissal of Elon Musk's lawsuit, arguing the claims lack substance and fail to show genuine harm, describing them as unfounded speculation. Musk's companies allege Apple manipulated App Store algorithms to disadvantage competing chatbots like Grok and X, but Apple counters that ...
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White House Reveals New Details on Potential TikTok Deal
A preliminary agreement has been reached to transition TikTok's U.S. operations to majority American ownership, with key terms settled but not yet formally signed. The restructured entity will have a board with six out of seven seats held by U.S. representatives, and the app's algorithm will be u...
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