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Tencent chief blasts managers in fiery townhall - sources
  + stars: | 2022-12-23 | by ( Josh Ye | ) www.reuters.com   time to read: +2 min
In a rare show of frustration, Pony Ma said at a year-end meeting with staff on Dec. 15 that internal reviews this year had exposed unspecified corruption within Asia's biggest social media and gaming company, the sources said. Tencent reported a second straight quarterly revenue drop last month as China's economic slowdown and regulatory scrutiny hit its ad and gaming businesses. Up to the previous quarter, Tencent had reported double-digit growth for almost every three-month reporting period since going public in 2004. Ma, who mostly stays out of public view, also said the company needed to focus on short video for future growth, and described the WeChat Video Account, Tencent’s short video platform, as the "hope" of the Shenzhen-based company, the sources said. He warned that the video gaming business group would have to get used to Beijing’s strict licensing regime, and the number of new games China would approve would remain limited in the long run.
CNN —Shortly before announcing her campaign against Republican National Committee chair Ronna McDaniel, Harmeet Dhillon, a well-connected conservative attorney, phoned an important ally to solicit his thoughts. Republican voters and local officials have bombarded committee members with emails and calls about the party’s next chair, often berating them directly for the GOP’s underwhelming performance in the midterms, according to four committee members who requested anonymity to describe their experience. During the same period, her law firm received nearly $900,000 from the RNC, federal election data shows. We are all independent thinkers, and we know what’s best for our states,” said Jeff Kent, a committee member from Washington. “It’s very hard to beat an incumbent RNC chair if that incumbent wants to stay,” said Bill Palatucci, a New Jersey committeeman.
Bob Iger, who returned last week as CEO of Disney (DIS), told employees Monday he intends to maintain the company's current hiring freeze. As shareholders for the Club, we are pleased to see Iger taking steps to fix the missteps of his predecessor. The faster Iger can show improvement in terms of streaming profitability — or at least reduce losses in the near term — the faster we will see a turn higher in Disney's stock price. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Bob Iger, former CEO, The Walt Disney Company Scott Mlyn | CNBC
Elon Musk's revamped Twitter Blue launch has hit some major snags in the past week. The shenanigans surrounding the blue check (and subsequent gray check) has heads spinning among average Twitter users, major advertisers and big-name celebrities. Here's a look at everything that's happened with Twitter Blue in the past week and the murky state of verification on the platform. Musk's new verification model was designed to become part of Twitter's existing Twitter Blue feature, a $4.99 monthly subscription offering premium services. He also said that Twitter is adding a "parody subscript," because "tricking people is not ok."It is unclear when and how Twitter Blue may be reinstated.
Nov 11 (Reuters) - Meta Platforms (META.O) is exiting its Portal smart display business and will wind down work on smartwatch projects, executives said on Friday during an employee townhall meeting. Meta on Wednesday announced about 11,000 job cuts, or 13% of its workforce, the first mass layoffs in the company's 18-year history. Following the layoffs, Chief Executive Officer Mark Zuckerberg had addressed employees but not taken any questions. The Facebook parent has aimed to shed costs as it refocuses on metaverse technologies and concedes to a global slowdown in advertising sales. Reporting by Paresh Dave in Oakland, California, Katie Paul in Palo Alto, California, Chavi Mehta in Bengaluru;Our Standards: The Thomson Reuters Trust Principles.
Nearly half Meta job cuts were in tech, execs say
  + stars: | 2022-11-11 | by ( ) www.reuters.com   time to read: +1 min
[1/3] Morning commute traffic streams past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, U.S. November 9, 2022. REUTERS/Peter DaSilva/File PhotoNov 11 (Reuters) - Meta Platforms (META.O) told employees on Friday that 54% of the 11,000 jobs it cut earlier this week were business roles and the rest were in technology. The Facebook parent said on Wednesday it was slashing 13% of its workforce, the first mass layoffs in the company's 18-year history. Following the layoffs, Chief Executive Officer Mark Zuckerberg had addressed employees, saying that revenue was much lower than he expected. Like its peers, Meta aggressively hired during the pandemic to meet a surge in social media usage by stuck-at-home consumers.
Some right-wing figures who usually back Donald Trump are now slamming him for mocking Ron DeSantis. The former president gave DeSantis the nickname "Ron DeSanctimonious" on Saturday. Trump added fuel to rumors of a rivalry on Saturday when he called DeSantis "Ron DeSanctimonious" at a rally in Pennsylvania. "There was no good reason for Trump to attack DeSantis last night," he tweeted. "What has Ron DeSantis done to earn Trump's scorn here right before an election?"
Register now for FREE unlimited access to Reuters.com RegisterLymany and Lupareve have not been spared the fighting that has convulsed countless other Ukrainian villages, towns, and cities. But their power supply means that residents who had earlier fled the village are returning. 'WE HAVE ENOUGH'The earlier fighting left the villages without power and water, prompting the flight of all but 216 of Lymany’s 4,000 residents and 36 of Lupareve’s 1,200 residents, Panashiy said. But three weeks ago, Ukrainian troops restored power to the villages via a cable they laid to a distant factory, villagers said. But red aircraft warning lights blinked unceasingly on the towers, Panashiy said, providing Russian gunners with aiming points.
referring to a family code referendum to take place on September 25, is displayed in Havana, Cuba, September 19, 2022. Register now for FREE unlimited access to Reuters.com Register"My expectation is that most of the population will vote 'yes'," Diaz-Canel said. The code, which has undergone 25 drafts, nearly 80,000 townhall-style meetings and 300,000 suggestions from the public, is expected to draw millions of Cubans to the polls. There are no independent, outside observers of Cuban elections, however, citizens may observe the count at their precincts immediately following the vote. "The vote will be close ... aspects of this code have divided the opinions of the public, even families," she said.
Iran death toll rises as protests intensify
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +5 min
Rights groups reported at least one more person was killed on Tuesday, which would take the death toll to least seven. Register now for FREE unlimited access to Reuters.com RegisterAfter beginning on Saturday at Amini's funeral in Iran's Kurdistan province, protests have engulfed much of the country, prompting confrontations as security forces have sought to suppress them. Hengaw, the Kurdish rights group, said internet had been cut completely in the Kurdistan province, where protests have been particularly intense and Iran's Revolutionary Guards has a history of suppressing unrest. The governor of Kurdistan province has blamed the deaths of three men in Kurdistan province on unspecified terrorist groups. Hengaw has said they were killed when security forces opened fire.
New York City is suing Starbucks for allegedly firing an employee and union organizer in Queens. "Starbucks continues to wrongfully fire pro-union workers nationwide in retaliation for union organizing," the fired employee said in a statement. In a statement, Locke urged Starbucks to "rehire all illegally fired workers and put an end to their illegal union-busting campaign." "It's been a year since the campaign with Starbucks Workers United began at a Starbucks in Buffalo, NY," Locke said. Starbucks continues to wrongfully fire pro-union workers nationwide in retaliation for union organizing."
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